Did you know that the Quad Cities was the first in the U.S. To offer riverboat gaming? In 1991, the region launched a nationwide resurgence of gaming when the Diamond Lady Casino was the first casino to open in Bettendorf, Iowa. The President Casino opened about an hour later on the riverfront in Davenport, Iowa. Jumer's is a casino hotel in Rock Island, IL serving the Quad Cities, including Davenport, IA in gaming & entertainment.
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.
Riverboat Casinos Davenport Iowa
History[edit]
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]
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]
Riverboat Gambling Davenport Ia
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]
Riverboat Casino Davenport Iowa
- ^International Directory of Company Histories, Vol. 22. St. James Press, 1998
- ^http://biz.yahoo.com/e/090130/prezq.pk8-k.html
- ^https://www.semissourian.com/story/1182456.html
External links[edit]
Did you know that the Quad Cities was the first in the U.S. to offer riverboat gaming? In 1991, the region launched a nationwide resurgence of gaming when the Diamond Lady Casino was the first casino to open in Bettendorf, Iowa. The President Casino opened about an hour later on the riverfront in Davenport, Iowa.
Today, three land-based casinos operate daily in the Quad Cities – Isle Casino Hotel Bettendorf, Jumer's Casino & Hotel in Rock Island, and Rhythm City Casino Resort in Davenport.
The new William Hill Sports Book Area of the Isle Casino is an excellent place for fans to gather for sports wagering, and the Elite Sports Book at Rhythm City Casino's Draft Day Sports Lounge features a 360-degree screen and tv screens for customers to view odds or their preferred games. Sports wagering will be available on the Illinois side later this year.
Besides gaming, each property offers a variety of dining options, beautifully appointed hotel rooms, live entertainment options, and all are close to attractions, golf, and other entertainment amenities.
Riverboat Casinos Davenport Iowa
History[edit]
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]
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]
Riverboat Gambling Davenport Ia
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]
Riverboat Casino Davenport Iowa
- ^International Directory of Company Histories, Vol. 22. St. James Press, 1998
- ^http://biz.yahoo.com/e/090130/prezq.pk8-k.html
- ^https://www.semissourian.com/story/1182456.html
External links[edit]
Did you know that the Quad Cities was the first in the U.S. to offer riverboat gaming? In 1991, the region launched a nationwide resurgence of gaming when the Diamond Lady Casino was the first casino to open in Bettendorf, Iowa. The President Casino opened about an hour later on the riverfront in Davenport, Iowa.
Today, three land-based casinos operate daily in the Quad Cities – Isle Casino Hotel Bettendorf, Jumer's Casino & Hotel in Rock Island, and Rhythm City Casino Resort in Davenport.
The new William Hill Sports Book Area of the Isle Casino is an excellent place for fans to gather for sports wagering, and the Elite Sports Book at Rhythm City Casino's Draft Day Sports Lounge features a 360-degree screen and tv screens for customers to view odds or their preferred games. Sports wagering will be available on the Illinois side later this year.
Besides gaming, each property offers a variety of dining options, beautifully appointed hotel rooms, live entertainment options, and all are close to attractions, golf, and other entertainment amenities.
Start planning your trip to the QC today and check out the details below on our QC casinos.
