Cape Girardeau Leaning Towards Isle of Capri for a Casino
Isle of Capri Casinos and Argosy Gaming both introduced proposals to the town of Cape Girardeau, Missouri for a new casino. City officials have stated that they are leaning towards the proposal presented by Isle of Capri.
The Isle of Capri proposal states that a casino would open on the riverfront of Cape Girardeau. This area would be built along fifteen acres of property that has not been developed on. A 750-seat center for special events would also be opened on the site. Isle of Capri states that about four hundred new jobs would be created if their proposal was accepted.
City officials have been concerned with regards to how the Argosy proposal was not very specific. St. Louis Capital Partners, which made a proposal before these two new ones were posted, was not very specific. Officials are asking for St. Louis Capital Partners and Argosy to provide more details on what is going on with their plans.
The casino would be the only casino in Cape Girardeau if it was developed. It would take over the only open casino license in the state. This license was opened for potential developers after the President Casino closed down in St. Louis.
