casino pinnacle

That ruling, Pinnacle argues in an appeal filed Thursday, essentially revokes the President's license - one of just 13 allowed in the state - because it ties the casino to the Admiral, which is widely expected to fail its next Coast Guard inspection in July.

Pinnacle would like the court to overturn the decision and give it time to fix the President.

It is the latest step in a long discussion over what to do with the casino, which Las Vegas-based Pinnacle bought for $45 million in 2006 as part of its development of Lumière Place in downtown St. Since the glitzy Lumière opened up the hill, revenue at the President has plunged.

And with the Coast Guard inspection looming, Pinnacle has studied moving the smaller casino to a new site or putting it on a new boat.

lur (26-дек-2021) писал:

That is a particularly steep requirement after voters passed Proposition A in November.

That measure, which Pinnacle spent at least $7.5 million supporting, ended the state's $500 loss limit and capped casino licenses at 13 - the 12 current Missouri casinos and one Pinnacle is set to open in Lemay next year.

If Pinnacle must reapply for its President license, it will likely face stiff competition on several fronts: Various groups would like to build casinos near Kansas City, Cape Girardeau and the Chain of Rocks Bridge in north St. In its appeal, Pinnacle suggested the commission is taking a hard line with the President because it wants the license for a more lucrative casino.

It also notes that the commission renewed the President's license for three more years in December, and that the boat's situation has not changed since then.

SilentBob (26-дек-2021) писал:

It likely will come up Wednesday, when the commissioners are due to hold their monthly meeting, this time in St.

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Сообщение отредактировал shang: Saturday, 01.07.2006 - 16:10

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