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Missouri House Struggles To Save President Casino From Ruin

What will be the fate of the troubled President Casino, which has struggled trough the last year of tough economic times? The Missouri House may have a chance to decide the business’ fate with a new bill.

Although the Missouri Gaming Commission seems intent on stripping the President Casino of its gambling license, Missouri lawmakers may create a law that would allow the struggling casino to stay open. Why do MO politicians want to keep the facility open despite its many downfalls? Representative Tishaura Jones, who is presenting the bill, and St. Louis Mayor Francis Slay both say that keeping the doors of the casino open would save jobs and keep the city’s economy more stable in a time of great need for employment and business.

The bill, House Bill 1826, would make it illegal for the Missouri Gaming Commission to close a casino for economic purposes and is specially tailored to save the President Casino from its current predicament. At the beginning of the year, the gaming commission voted unanimously to close Present Casino.

Many Missouri lawmakers questioned the MO commission’s ability to say that President Casino didn’t meet standards when no standards were initially provided. At the same time, those who oppose the bill say that the new law would basically render the gaming commission powerless.

President Casino went bankrupt in 2006 and was bought by Pinnacle Entertainment. The casino has struggled for a number of years financially.

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