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KENOSHA, WI – Argosy Gaming Co. has entered into an agreement with Nii-Jii Entertainment LLC to serve as the developer and operator of a proposed Indian casino in Kenosha, WI. Nii-Jii has separately entered into an agreement with the Menominee Tribe of Wisconsin to serve as the manager of the casino project, which has been proposed for the Dairyland Greyhound Race Track site in Kenosha. The proposed casino is subject to numerous regulatory approvals, including approval from the U.S. Bureau of Indian Affairs.

Under its agreement with Nii-Jii, Argosy has also committed to provide up to $35 million of subordinated debt for the project. Argosy’s financing commitment is conditioned upon the tribe obtaining the requisite regulatory approvals and raising the remaining project costs through an institutionaldebt offering.

Argosy owns and operates riverboat casinos and related entertainment venues and hotels in the Midwest and South, including the Alton Belle Casino in Alton, IL, in metro St. Louis;the Argosy Casino in Riverside, MO, in greater Kansas City; the Argosy Casino-Baton Rouge, LA; and the Belle of Sioux City, IA.

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