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Citizens Rally for Bingo in US State of Alabama

May 30th, 2010 | Comments Off | Posted in News

The Governor of the US state of Alabama, Bob Riley, recently held court in front of the Alabama Statehouse in the capital of Montgomery to address his opposition to casinos that offered bingo machines, devices that he feels are the same as slot machines which the state of Alabama does not presently allow. During his speech, a crowd of hundreds converged on the assembled and voiced their protest against the governor and his supporters, chanting “Let us vote” to such a high volume that the governor was drowned out despite his sound system. State legislators had been inside the Statehouse being lobbied by casino advocates who would like to see 10 electronic bingo casinos within the state, but the political power required has not yet been achieved. Twenty one of the thirty five state senators will need to vote in favor of the bill in order for it to be passed. Industry analysts familiar with casino legislation in the United States have expressed their insight that the bill will eventually pass and that it is simply a matter of the casino developers in question negotiating the right amount of state tax revenue in order to gain political support for their cause.

Representative Barron, who is in charge of presenting such measures, has expressed his support of the idea as a good way to build state funds in a time of economic despair and a bright source of funding for state needs. Dog tracks, popular in the state, would be able to expand their greyhound racing operations to include electronic bingo casinos once the law passes, but a vote by the House of Representatives will be needed first.

River City Casino to Open in St Louis

February 11th, 2010 | Comments Off | Posted in News

State regulatory officials in the US state of Missouri have met with the Missouri Gaming Commission recently in Clayton, Missouri to cast a unanimous vote to issue the required license needed to set up what is the St Louis area’s 7th casino, the $375 million River City Casino, owned by Pinnacle Entertainment. This will be the 13th casino in the state and will employ over twelve hundred people once the doors open in its location near the River Des Peres. The casino’s site is a major achievement for the local area which had a long neglected area of land that needed developers and that was a need Pinnacle sought to meet. The local population had feared that the site itself would remain in its contaminated state for many years before the casino company swept in to deal with the burdensome task of cleaning up the area. In addition to this, three quarters of the $4 million the casino pays annually will be used to keep local community organizations well funded. This is in addition to massive amounts expected in tax revenue for the county and state.

A whopping $17 million per month are the expected earnings of this particular casino, one of three the group owns and operates in the St Louis area. The other two casinos, President and Lumiere Place, are located in downtown St Louis. Further development is expected in the coming months as another casino, this one to be built for a price of $350 million, seeks its licensing at the state level.