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Missouri Gambling News Brief

President Casino to surrender license to state gaming commission

St. Louis Globe-Democrat,  Wednesday, March 10, 2010 at 4:52:38 PM

Pinnacle Entertainment has agreed to surrender its license for the President Casino in downtown St. Louis. It will close by July 1.

The gaming company, based in Las Vegas, reached a settlement agreement with the Missouri Gaming Commission that was announced Wednesday. Pinnacle officials met with the Gaming Commission at its meeting in St. Louis.

LeAnn McCarthy, a spokesperson for the commission, said the agreement calls for the Pinnacle to turn over the license and the commission to rescind its revocation order in approved in January. Pinnacle, which manages a number of casinos in the St. Louis area, will close the casino by July 1.

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