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Casino moratorium in Missouri

Jun 17, 2008 7:00 PM

by Ray Poirier |Good news for Ameristar Casino Inc. (ASCA) and Pinnacle Entertainment Inc. (PNK): the Missouri Gaming Commission has placed a moratorium on new casinos until voters can decide the issue on a ballot this November.

New casinos are now being sought for the Kansas City suburb of Sugar Creek and by businessmen in Cape Girardeau.

Those two properties, if approved, would provide direct competition for casinos currently being operated by Ameristar and Pinnacle.

Those two companies are sponsoring a ballot initiative that would cap the number of casinos in Missouri at its current level.