By AP/KWMU
St. Louis, MO – The casino company Isle of Capri is offering $50 million to buy the President Casino in downtown St. Louis. The move could be a boost to the company's hopes of also operating a casino in south St. Louis County.
The offer comes a day after city and county officials said they'd join forces to try to find one company to both upgrade the President and open a new casino in the county.
Isle of Capri owns 15 casinos in six states, including Missouri. Its first casino was in Biloxi, Miss.