Casino Boat Davenport Ia

President Casinos was a gaming company and casino operator based in St. Louis, Missouri that was active in the 1990s. In the 2000s it went into bankruptcy and had liquidating by the end of the decade.

History[edit]

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The company was founded in 1991 by Pittsburgh millionaire John E. Connelly who owned the Gateway Clipper Fleet and SS Admiral. Its riverboat casino The President in Davenport, Iowa which opened in April 1991 was one of the first modern riverboat casinos in the Midwest and South after they started becoming legal. It began trading on NASDAQ in 1992.[1]

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On June 20, 2002 President Casinos filed for Chapter 11bankruptcy. On April 15, 2005 the President Casino Broadwater Resort in Biloxi was sold to Broadwater Development.

On February 24, 2006, Pinnacle Entertainment announced that it would purchase the President Casino Laclede's Landing for $31.5 million. On December 21, 2006, Pinnacle Entertainment completed the purchase of the casino.

It has sold all of its operations since declaring bankruptcy and as of February 2009 is making its final distribution of assets.[2]

Casinos and other operations[edit]

The company lost several million dollars in unsuccessful attempts get gambling franchises in Pittsburgh, Philadelphia, New York City, New Orleans and the Catskill Mountains. Its only operating casinos were:

  • The President, Davenport, Iowa opened 1991 in (later acquired by Isle of Capri Casinos subsequently retired. Associated with the casino was the landmark Blackhawk Hotel in downtown Davenport.
  • President Casino Broadwater Resort, Biloxi, Mississippi opened 1992 (acquired by Broadwater Development LLC in 2005 and destroyed shortly thereafter by Hurricane Katrina)
  • President Casino Tunica Southern Mist, Tunica, Mississippi, opened 1993 and closed 1994 with the Southern Mist riverboat being moved to Biloxi.
  • President Casino Laclede's Landing, St. Louis, Missouri opened 1993 aboard the SS Admiral. Sold in bankruptcy in 2006 to Pinnacle Entertainment.[3]

References[edit]

  1. ^International Directory of Company Histories, Vol. 22. St. James Press, 1998
  2. ^http://biz.yahoo.com/e/090130/prezq.pk8-k.html
  3. ^https://www.semissourian.com/story/1182456.html

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External links[edit]

Retrieved from 'https://en.wikipedia.org/w/index.php?title=President_Casinos&oldid=986191453'
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1. Riverboat Twilight

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MISSISSIPPI RIVER

Designed as a replica of a Victorian steamboat, the Riverboat Twilight has three decks, dining areas and sundecks. Take a short 1.5 hour sightseeing cruise on select dates, with Le Claire as your port of call. Want a true getaway? Two-day cruises depart from Le Claire to Dubuque and include all meals, lodging, on-board entertainment and admission to the National Mississippi River Museum & Aquarium. One-day cruises run from Dubuque to Guttenberg. Operates Memorial Day weekend through October. Admission fee applies. Reservations strongly encouraged.

2. Celebration River Cruises

MISSISSIPPI RIVER

For more than 30 years, the Celebration Belle has sailed the mighty Mississippi River with ports in Le Claire, Dubuque and the Quad Cities. The 770-passenger paddlewheel boat, the largest non-gaming riverboat on the Upper Mississippi, offers casual sightseeing, lunch, dinner and day-long cruises. Operates April through October. Admission fee applies.

3. Blue Heron Eco-Cruises

MISSISSIPPI RIVER

Departing from Camanche, the 26-passenger Blue Heron pontoon boat provides an up close and personal look at the backwaters, sloughs and main channel of the Mississippi River. Public sunset cruises are offered Thursday evenings and some Saturday mornings out of Rock Creek Marina and Campground, May to October. Saturday morning cruises operate from May to Labor Day. Public cruises are free of charge and reservations are recommended.

4. Channel Cat Water Taxi

MISSISSIPPI RIVER

Hop aboard this open-air boat that sails between several ports on both the Iowa and Illinois sides of the river in the Quad Cities. The ferry boat is part of the Quad Cities metro transit system and operates daily from Memorial Day through Labor Day.

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MISSISSIPPI RIVER

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MISSISSIPPI RIVER

Choose a lunch, happy hour or sunset dinner cruise aboard this 80-foot Skipperliner yacht based in Dubuque.

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MISSISSIPPI RIVER

Groups of up to six can set out for two-, four- or eight-hour fishing or sightseeing trips on this charter based in Guttenberg.

10. Queen II

LAKE OKOBOJI

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CLEAR LAKE

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