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Missouri Gambling News Brief

Pinnacle seeks hearing on plan to close President Casino

St. Louis Business Journal,  Tuesday, February 23, 2010 at 1:39:26 PM

Pinnacle Entertainment has filed a request for a hearing to dispute Missouri gaming regulators' plans to close the financially ailing President Casino in downtown St. Louis.

The Las Vegas-based casino operator made the request Friday, said Mack Bradley, a Pinnacle spokesman.

President Casino cut its hours and operations amid losses from repeated flooding-related closures and increased competition from its sister casino nearby, Pinnacle's Lumiere Place. Pinnacle had wanted to repair or replace the President's Admiral riverboat in order to keep the gaming license, which became even more valuable in 2008, when voters capped the numbers of licenses statewide to 13.

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