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Company Offers to Buy President Casino

The President Casino (KWMU File Photo)
The President Casino (KWMU File Photo)

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.

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