Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 

Casino Queen buyer revealed

 EAST ST. LOUIS, Ill. (AP) - A Pennsylvania-based real estate investment trust is buying the Casino Queen's real-estate assets in East St. Louis for $140 million.

The St. Louis Post-Dispatch reports that the properties being bought by Gaming and Leisure Properties Inc. include the 38,000-square-foot casino, 157-room hotel and the park for recreational vehicles.

Based in Wyomissing, Pa., Gaming and Leisure Properties was spun off last month by Penn National Gaming Inc.

The employee-owned Casino Queen will lease the property back from the Gaming and Leisure Properties for about $14 million a year.

The Illinois Gaming Board must approve of the sale, which is expected to be finalized early next year.

 

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next

Berkeley Hosts Prescription Drug Turn-In Program

The City of Berkeley is participating in a program designed to encourage citizens to turn-in all of their unused or expired medication for safe disposal.     B...

Peabody Energy Reports First Quarter Loss

 ST. LOUIS (AP) - Coal miner Peabody Energy Corp. says its first-quarter loss more than doubled on weak prices. The results are worse than Wall Street expected and sha...

MO House panel OKs student transfer bill

MO House panel OKs student transfer bill

   JEFFERSON CITY, Mo. (AP) - A Missouri House committee has advanced legislation revising a law requiring unaccredited school districts to pay the costs when students...

Spending bill signed by Nixon includes $2M for Normandy School Dist.

Spending bill signed by Nixon includes $2M for Normandy…

   JEFFERSON CITY, Mo. (AP) - Missouri Governor Jay Nixon has signed a mid-year spending bill with funding for social services, education and a financially troubled St...

UPDATE: Missing So. County teen home safe

UPDATE: Missing So. County teen home safe

   A South County teen who had been the subject of an Endangered Person Advisory is home safe.      St. Louis County Police had issued the advisory ...

Railroad work delays drivers in Kirkwood

Railroad work delays drivers in Kirkwood

   Drivers on Kirkwood Road are used to waiting for the train, but that wait is a little longer today.      Union Pacific crews are making a critica...

© 2013 KTRS All Rights Reserved