Newspaper article St Louis Post-Dispatch (MO)

Steve Wynn Bumps His Lady Luck Ante

Newspaper article St Louis Post-Dispatch (MO)

Steve Wynn Bumps His Lady Luck Ante

Article excerpt

THROW THE DICE! Steve Wynn, Las Vegas entrepreneur and owner of the Mirage Hotel complex, is setting his sights on buying a majority interest in the proposed Lady Luck casinoes at Kimmswick and Owensboro, Ky. Wynn was recently in our environs with his generals to get the joint venture going, and upped the projects' investment to $130 million for both cities, from $70 million. The new monicker would be Mirage-Lady Luck. . . .

Officials of the Illinois Gaming Board are reviewing options to move one of the faltering riverboats in Rock Island and Galena, Ill., to East St. Louis. . . .

If the flood that closed the Admiral wasn't bad enough for President Casinos, now comes word of a blackjack scandal. Three President employees with alleged ties to organized crime were among eight people indicted by a federal grand jury recently in the scam at President's casino in Biloxi, Miss. . . .

A mortgage company dealing with the Stallings family, which wants to bring the Chase Hotel back on line, says one of its investors in the proposed program is Merv Griffin. That's the word from Eugene Portman, attorney for the wannabe rehabbers. He added: "But someone could be just flaunting Griffin's name." . . .

Roberts Broadcasting's Steve Roberts is thisclose to buying Channel 47 in the Raleigh-Durham market of North Carolina for about $4 million.

PRESSING ON: Don't be surprised to learn that Straub's on Forsyth Boulevard in Clayton is negotiating for the takeover of the Ladue Garden Market, formerly owned by National. (Schnucks is required to sell that store as part of its megadeal.) If Straub's moves, the existing property may become a Walgreens, according to some Clayton officials. . . .

Two staffers at Tony Prince Carpet Co. were leaving a job at the Gateway Arch museum t'other day when they heard a mother's shouts from the park pond near Memorial Drive. …

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