Lady Luck Riverboat Remains in Dry Dock State Gaming Board Delays Casino Bid 12-18 Months

By Roy Malone Of the Post-Dispatch | St Louis Post-Dispatch (MO), June 15, 1995 | Go to article overview

Lady Luck Riverboat Remains in Dry Dock State Gaming Board Delays Casino Bid 12-18 Months


Roy Malone Of the Post-Dispatch, St Louis Post-Dispatch (MO)


A billboard on Interstate 55 near the Kimmswick exit says the Lady Luck Casino will be opening soon. But it's a safe bet it won't be.

The smaller print on the billboard says the opening depends on approval of state gaming authorities. It turns out that the approval will not be coming any time soon.

The sign advertising Lady Luck's Mississippi River casino near Kimmswick was installed before the Gaming Commission recently put Lady Luck's application on the back burner. It was lumped with others that won't be investigated for 12 to 18 months.

Steven Roberts, a local partner in the project, says he is disappointed but still optimistic that the $70 million casino will become a reality. He said the billboard will stay up.

"We hope to convince the Gaming Commission that Jefferson County is deserving of a project of this magnitude," Roberts said Friday.

He said it appeared the commission was more impressed with bigger projects. "It's hard to compete with projects that are two or three times the size of yours," he said.

Earlier this year, Lady Luck reported that several Chicago investors, called the Duffy group, were seeking to become 51 percent owners.

"Additional investors came forward, and there are even more," Roberts said. He said another group is also interested but he would not name the individuals. He said the new ownership plan was still being worked out and that the Duffy group may be in for a smaller share.

Roberts said two of the Duffy group investors include Charles Bidwill III and Tim Rand, both investors in the Casino Queen in East St. Louis.

Roberts has a 7 percent interest in the project. …

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