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Originally Posted by Charlotte FatMan
Thank God. The President has been about a fourth rate option for some time.
I'll wager that Pinnacle is having some serious second thoughts now about supporting the cap on casino properties in last year's loss-limit repeal.
First, the Missouri Gaming Commission told Pinnacle that the President's license applied specifically to gaming on that particular boat, in that particular location; thus removing any value Pinnacle might have derived from selling the license. Now the MGC is going to close the Prez, which will instantly open up a huge bidding war for the newly-available license. And, wonder of wonders, all the profits from that license will go to the gaming commission.
Tough beat, Pinnacle. You've been shystered. And well.