St. Louis-area casino site lacks funding

Wednesday, October 20, 2010

JEFFERSON CITY, Mo. -- A group wanting to locate a casino in north St. Louis County won't be making a pitch to the Missouri Gaming Commission as planned.

The Gaming Commission was to hear presentations today from four entities competing for Missouri's last available casino license.

But an attorney for North County Development said it's had trouble getting financing for a proposed $150 million casino development because of the time frame set by the commission.

The developer said in a letter that it either needed more time before making a presentation or would withdraw its application.

The Gaming Commission issued a statement saying the developers would not be making a presentation Wednesday but provided no further comment.

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