President Casino to close by July 1

March 17, 2010

ST. LOUIS - Pinnacle Entertainment announced Wednesday it will close the aging President Casino riverboat by July 1. The decision follows a long battle to keep from closing it.

John V. Giovenco, interim CEO of Pinnacle, said in a statement "It is in the best interests of our shareholders and our company to settle this issue. We intend to focus on maximizing shareholder value at Lumiere Place and our new River City Casino."

Lumiere Place is Pinnacle's huge downtown casino located within a few hundred yards of the President. Lumiere Place revenues in 2009 were $181.1 million compared to $23.3 million for the President.

River City opened earlier this month and is the seventh casino in the greater St. Louis area.

The closure of the President leaves one of Missouri's 13 gambling licenses available for another casino. Missouri voters capped the total number of licenses in the 2008 election. The relinquished license can now be issued to any site on the Missouri or Mississippi rivers.

Jim Mathewson, chairman of the Gaming Commission, said "We will be accepting applications for wherever from the state of Missouri, and will be evaluating those, and that includes Pinnacle. We're not prohibiting them; in fact, we'd encourage them to do it".

Return to Missouri Casinos.

Monday's Specials

Slots Coupons

Redeemable 40 Times!
on all Slots, Keno and Scratch Cards

Deposit	Get Bonus	Use Code:
$21-up	197% Match	BLUEMOON1
$100	247% Match	BLUEMOON3
$250	300% Match	BLUEMOON4
$500	350% Match	BLUEMOON5
$1000	410% Match	BLUEMOON6

Plus 300% SIGN-UP SLOTS BONUS
Bonus code: WINSLOTS

Download
Here

200% WELCOME BONUS

Use Unlimited Times
for 7 Days.

Amazing graphics and animations with 120-plus slots and table games.
Aladdin's Gold Casino

500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.

President Casino to close by July 1. Thank you for visiting our page: President Casino to close by July 1.