What’s the best hope for the President Casino? Will it survive? How?
Our story today outlines the pressures facing the venerable President Casino, the gaming palace-on-a-boat that’s been downtown for years. It’s been shuttered several times this year because of high water (including right now). It’s facing stiff competition from Lumiere Place (owned by the same company, Pinnacle Entertainment). There’s more competition across the river from the newly renovated and expanded Casino Queen.
So far this year, business is down 54 percent at the President, according to figures from the Missouri Gaming Commission. Through August, gamblers spent $20.6 million there, or a little more than three weeks’ take at the region’s biggest casinos.
There’s industry speculation and comments from the President’s owners that outline some of the options for the casino.
It could close down. Pinnacle Entertainment is “pouring another $375 million into a new casino in Lemay in south St. Louis County, to open in 2010.”
It could move. The casino’s fate may be “tied to a measure on the November ballot that would end Missouri’s $500 casino loss limit and cap the number of gaming licenses in the state at 13.” If that happens, the President’s license is a valuable commodity.
Staying put doesn’t sound like an option, based on the story. The location is “challenging,” according to the general manager.
What do you make of the landmark’s future? Have you been there? Can you relate your experience? And have you formed an opinion yet on the ballot initiative that Missourians will decide in November?


Kurt is the director of social media for the Post-Dispatch, where he has worked since August 2002. He's been a journalist since 1982, covering municipal government, courts, education and two hurricanes as a reporter before becoming an editor.
I remember visiting STL 15 years ago, when there were several restaurants built on barges at the STL riverfront: The Belle Angeline, McDonalds and Burger King. We ate dinner at the Belle, and I recall talking with the manager about the logistics of maintaining the floating restaurant. Dealing with sewage emission, inadequate parking, electrical feeds, high water, floating debris are just among the problems that the Belle, McDonalds and B.King dealt with, along with all the otherwise known restaurant-related operational issues.
The “landmark” status of the President is probably no longer an issue, since the boat facade barely resembles the original. I can’t imagine the boat has much of a future as a casino. And since we St. Louisans apparently do not support the President’s casino business (ie more than lip service based on sentimental feelings), we shouldn’t take offense if the boat is moved down-river.