SIOUX CITY, Iowa (AP) – The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p.m. as ordered.

Last week the Iowa Supreme Court rejected a request that the operation be allowed to remain open while its owners pursued court action. The casino parent, Penn National Gaming Co., wanted to remain open while appealing a ruling by the gaming commission. In April the commission ordered the casino to close because it doesn’t meet license requirements.

Penn National lost its bid last year to operate a land-based casino in Sioux City. A Hard Rock casino and hotel by another developer is scheduled to open Friday night.