A highly-prized state license soon will be open for competition…and it might be years before there’s another one.
Pinnacle Entertainment will give up its license to the President Casino in St. Louis by July first.The state gaming commission had told Pinnacle in January it would take away the license because the casino’s income has been dropping for months since the opening of the new Lumiere Place a few blocks away. Lumiere Place also is owned by Pinnacle. Pinnacle, however, has negotiated the surrender of its license, in return for which the commission would withdraw its resolution. [Read more...]










