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St. Louis city wants casino license

March 30, 2010

With plans to close the President Casino in July, St. Louis city officials plan to bid for the state gambling license. The current license was revoked due to poor performance.

May 1 is the deadline set by the Missouri Gaming Commission for letters of interest to be submitted. They are expecting letters from communities, developers, and casino companies. This will be the state’s 13th casino. Officials are hopeful for a casino to be built next to the Mississippi River and within city limits.

Applications are not being accepted, only statements of interest. This includes proposed project details.

When the President Casino closes the city will need to replace $2 million in tax revenue and the jobs lost.

The commission is hopeful to award a license at the year’s end.

Return to Missouri Casinos.

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