Cape Girardeau

CAPE GIRARDEAU, Mo. (AP) — A southeast Missouri city council has chosen
to support a bid by the Isle of Capri to build a casino in the downtown
area.

The Cape Girardeau City Council voted Thursday night to
give "preferred developer" status to the St. Louis-based Isle of
Capri's proposal to build a $125 million casino.

The Southeast
Missourian reports that the vote came after city staff and council
members said Isle of Capri officials had been open with their plans for
the casino. In contrast, they said, St. Louis Capital Partners is
waiting to unveil its plans until it submits an application with the
Missouri Gaming Commission.

Isle of Capri is proposing a casino
with room for 1,200 people to play slot machines and table games,
restaurants, a bar and a 750-seat conference and entertainment venue.

Cape Girardeau residents will vote Nov. 2 on whether to allow a casino in the city.

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St.Louis

Tim Logan of the St.Louis Post Dispatch writes the story.

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Home

St. Charles, Mo. (KSDK) — Ameristar's Home Nightclub has closed in St. Charles citing lack of revenue.

The club's last day of operation was Sunday.

Ameristar Sr. Vice President and General Manager Jim Franke said the venue was "unable to sustain profitability."

"We want to thank our guests and appreciated their patronage and
loyalty in making HOME one of the top nightclubs not only in the St.Louis area, but throughout the Midwest region," Franke said.

Franke said Ameristar will continue to use the facility for the group sales business.

Ameristar had recently made changes to improve HOME and make it more profitable, but with little success.


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St.Louis

Apparently there is one contender left…read the story from Tim Logan of the St.Louis Post Dispatch.

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St.Louis

This from the Associated Press-

ST. LOUIS (AP) — The city of St. Louis apparently will have only one choice in a bid to replace the closed President Casino.

The
St. Louis Post-Dispatch reports that city officials who are deciding
which casino project to endorse heard from only one group at a meeting
on Monday.

Casino Celebration LLC, a group led by St.
Louis developers Jim and Bill Koman, pitched a $115 million,
120,000-square-foot complex. It said it would build the casino at the
foot of the Old Chain of Rocks Bridge. In the second phase, the group
would build a $26 million hotel.

The Koman family has owned and operated the Casino Queen in East St. Louis since 1993.

The city hopes to endorse a project by Sept. 1, when applications to the Missouri Gaming Commission are due.

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St.Louis to Select Partner

This story from Tim Logan of the St.Louis Post Dispatch.

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BIG THREE!

The editorial staff and  senior writers are celebrating today! The third birthday of www.showmegaming.com !!!

Bloggiebirthday

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Missouri Casino Revenues

Tim Logan of the St.Louis Post Dispatch has the story on the State's casino revenues. Read it here.

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Cape Girardeau Campaign Committee

Group that put gambling on ballot to campaign against Cape casino

Tuesday, August 10, 2010

After successfully petitioning to force a vote on gambling, Quality of
Life in Cape Girardeau will reinvent itself this week as a campaign
committee to persuade voters to reject a casino, spokesman Doug Austin
said Monday.

The core leaders of the group will meet today to discuss how to
structure the campaign and what resources are needed, Austin said. The
leaders will then address the Cape Girardeau City Council before
meeting with what Austin said were 91 volunteers who helped gather the
signatures needed to put gambling on the ballot Nov. 2.

Cape Girardeau is one of four communities vying for the lone
casino license available in Missouri. A favorable vote Nov. 2 will keep
Cape Girardeau in the competition. A vote rejecting gambling would
abort Cape Girardeau's bid.

The campaign to reject gambling will not be built on horror
stories of people addicted to gambling or predictions that the city
will become a breeding ground for crime if a casino opens here, Austin
said. Instead, he said the committee will focus on the economic
questions of whether money spent at a casino would be spent in Cape
Girardeau anyway.

"The one thing this committee will stand for is truth and fairness," Austin said.

The other point the committee will make is that every dollar in
local taxes paid by the casino comes at the price of someone losing
money while gambling, Austin said.

"In my opinion, this is built on losing," he said. "I do not
see the success of our city and the future generations of our city
being built on the foundation of people losing money. I don't want to
predicate my success on your failure."

Two companies, Isle of Capri Casinos Inc. and St. Louis Capital
Partners LLC, have pitched casino ideas to the city council and seem
sure to file license applications by Missouri Gaming Commission's
Sept. 1 deadline. Isle of Capri has released the most information about
its plans, which include room for 1,200 people to play slot machines
and table games, restaurants, a bar and a 750-seat conference and
entertainment venue.

Isle of Capri expects to hire up to 450 people to take care of an estimated 1 million casino visitors per year.

A study of casino opportunities by Ameristar Casinos, a company
that is not competing for the license, showed that Cape Girardeau has
the biggest potential for new revenue for the state, with up to $2.6
million also being generated for city coffers.

David Knight, owner of Ole Hickory Pits and a partner in the
property where Isle of Capri would like to build, said Austin is wrong
about the impact of a casino on the community. "I think it is
disingenuous to say that there are only so many dollars and that
anything that happens will take from one group of people and give to
another," Knight said. "It ignores the fact of 1 million visitors a
year, it ignores 450 jobs and it ignores the tremendous tax revenue."

While Austin and casino opponents are organizing, no similar moves by casino supporters have begun, Knight said.

Under state law, committees intending to spend money to
influence the Nov. 2 election must submit organization papers by Oct.
3. The committees may file organizational papers with the Missouri
Ethics Commission or, since the campaign is all within Cape Girardeau
County, with County Clerk Kara Clark Summers.

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Cape Girardeau

It's been awhile since any new posts…so let's get it started with something from the Southeast Missourian and efforts there regarding the 13th riverboat gaming casino license.

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