Casino Watch Focus reported that four companies remained in the hunt for Missouri’s 13th casino license and that the Missouri Gaming Commission was holding a meeting to hear a more in-depth proposal from each candidate. Now the St Louis Business Journal is reporting that one of the four companies has now been eliminated from consideration following the meeting:
Missouri Gaming Commission Chairman Jim Mathewson told reporters that North County Development LLC was knocked out after not participating in Wednesday’s public hearings in Jefferson City.
Ed Griesedieck, a Herzog Crebs attorney who represents North County Development, said the group needed more time to raise money for the Riverview Casino project. He had sent a letter to the commission saying that, given the size and complexity of the proposal, significant additional funding and sophisticated operating and funding partnerships would be required. If the extension isn’t granted, “we will regretfully need to withdraw” at this time, he wrote.