- Waller deemed competent to stand trial (1/11/17)5
- Young Elvis impersonator from Bernie performs on 'Ellen DeGeneres Show' (1/12/17)
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)7
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Two men shot after argument; houses also struck by bullets (1/12/17)21
- 113 drug tests at Jackson High net one instance of illicit usage (1/11/17)15
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)1
- Two Cape men recovering after shooting (1/13/17)
- Governor cuts $146 million, colleges take hit (1/17/17)
A good bet
The Missouri Gaming Commission wasn't set up to run the casinos it regulates, but a special case has been made for Casino Aztar in Caruthersville, Mo., and it appears there are several winners.
Aztar Corp.'s assets, which included several casinos around the country, were sold last year for $2.75 billion. The buyer, Columbia Sussex, did not meet Missouri's licensing requirements, which meant the Caruthersville operation might have to shut down until a suitable buyer was found.
But that would have meant putting 284 employees out of work. And both the state and local economies would have been hard hit.
In an unusual arrangement, the gaming commission decided to keep the casino open and put a Missouri State Highway Patrol veteran, Clarence Greeno, in charge.
The result has been a seamless operation. The casino employees still have their jobs, with an annual payroll of $7.6 million. Caruthersville continues to take in about $1 million a year from the casino, plus sales-tax revenue collected from the 1,000 visitors a day. And the state is still getting several million dollars a year from the Aztar operation.
The commission is negotiating with several prospective owners of the casino. Under new ownership, the casino is expected to get some updating, which could draw more visitors -- and more revenue for the local and state economies.