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Missouri Gambling News Brief

President Casino closes for good

St. Louis Business Journal,  Thursday, June 24, 2010 at 8:48:24 PM

After decades along the Mississippi Riverfront, the President Casino aboard the Admiral riverboat has closed for good.

The owner of the Laclede's Landing casino, Las Vegas-based Pinnacle Entertainment, has planned to close the President this Tuesday after receiving pressure from gaming regulators about the property's poor financial performance.

But the casino was shut down June 17 due to floodwaters, and operators announced Thursday that they would not reopen it. More than 200 people are out of work, and St. Louis will lose about $2 million in tax revenue generated by the President Casino.

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