Casino Queen Sports Betting
| Casino Queen | |
|---|---|
| Location | East St. Louis, Illinois |
| Address | 2000 S Front St |
| Opening date | June 23, 1993 |
| Total gaming space | 38,000 sq ft (3,500 m2) |
| Casino type | Riverboat |
| Owner | Gaming and Leisure Properties |
| Operating license holder | Employee-owned management company |
| Coordinates | 38°37′33″N90°10′34″W / 38.62583°N 90.17611°W |
| Website | CasinoQueen.com |
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- Emerald Queen Casino Sports Betting
The Casino Queen is a riverboat casino located near the Mississippi River in East St. Louis, Illinois, just across the river from downtown St. Louis. It is owned by Gaming and Leisure Properties and operated by an employee-owned management company.
History[edit]
Emerald Queen Casino Tacoma Sports Betting
Illinois enacted a riverboat casino law in 1990 authorizing licenses for ten casinos to open around the state.[1] One of the licenses was guaranteed to East St. Louis, in an effort to help the financially troubled city.[2][3] The group that would ultimately open the Casino Queen, led by real estate developer Bill Koman, submitted its proposal to the Illinois Gaming Board in January 1992.[4] With no other proposals before the board, Koman's group was awarded the license in May 1992.[5]
The Casino Queen opened on June 23, 1993.[6] It was viewed positively by most city officials and residents, as the struggling city desperately needed both a revenue source and employment opportunities for its residents.[7] Casino Queen originally operated on a boat called the White Star One.
Construction of a hotel began in 1998.[8] The 157-room hotel, built at a cost of $15 million, opened in January 2000.[9]
Argosy Casino Alton readies for sports betting, will open region’s first Sportsbook. Ron DeBrock, ronald.debrock@thetelegraph.com. Updated 5:35 pm CST, Friday, February 7, 2020. “We are excited to bring sports betting to Illinois and the St. Louis community,” noted Terry Downey, President, DraftKings at Casino Queen. “The marriage of two iconic brands promises.
Changed regulations led to the casino to be moved inland, but still built above a shallow pit of water, in 2007. The move also allowed the casino to add 10,000 additional square feet of gaming space. In 2014, the White Star One was auctioned off and sold for $600,000.[10] Casino Queen has generated over $160 million for the city of East St. Louis between 1993 and 2009.[11]
In 2012, Koman and his partners sold the Casino Queen for $170 million to a newly formed Employee Stock Ownership Plan (ESOP), which would steer the casino's profits into the retirement accounts of participating employees.[12] In 2014, to pay down debt taken on to finance the purchase, the ESOP sold the real estate of the Casino Queen to Gaming and Leisure Properties for $140 million, leasing it back for $14 million per year.[13][14]
In 2020, the casino struck a deal with sports betting provider DraftKings to rebrand the property as DraftKings at Casino Queen.[15] As part of the rebranding, Sevens sports bar will be gutted and re-built as a full sportsbook, and the casino will be integrated into DraftKings' mobile betting app.[15]
Emerald Queen Casino Sports Betting
It operates under the casino license of DraftKings Sportsbook at Casino Queen and will soon be opening a retail sportsbook at that location. Sports betting in Illinois is regulated by the Illinois. DRAFTKINGS AT CASINO QUEEN LAUNCHES SPORTS BETTING IN ILLINOIS Brings Top-Rated Sportsbook App and Retail Experience to the State BOSTON – (August 5, 2020) – DraftKings Inc. (Nasdaq: DKNG) today announced the launch of the DraftKings at Casino Queen Sportsbook. Casino Queen Marquette. One of the smallest casinos in the state, the Casino Queen is the only commercial casino in Iowa not yet offering sports betting. However, the casino did get approved for a license to offer sports betting.
Property information[edit]
The casino includes both 1,100 slots and 34 table games in its 38,000 square feet of gaming space.[16] Per Illinois law and unlike neighboring Missouri casinos, it is not open 24 hours a day.[17]
Dining options include: the Market Street Buffet, Prime Steakhouse, Sevens, and Deli & Chips.
Both a hotel and an RV Park are located on the Casino Queen property.
References[edit]
- ^Robert Kelly (February 8, 1990). 'Dice to be rollin' on the river'. St. Louis Post-Dispatch – via NewsBank.
- ^Kathleen Best (September 11, 1990). 'East side casino assured: E. St. Louis wins right to riverboat'. St. Louis Post-Dispatch – via NewsBank.
- ^Lynn Sweet (July 3, 1990). '10 vie for 5 riverboat gambling licenses'. Chicago Sun-Times – via NewsBank.
- ^'William Koman seeks license for casino boat in E. St. Louis'. St. Louis Post-Dispatch. January 3, 1992 – via NewsBank.
- ^Patrick E. Gauen (May 15, 1992). 'Illinois backs casino at E. St. Louis site'. St. Louis Post-Dispatch – via NewsBank.
- ^Margaret Gillerman (June 24, 1993). 'Casino Queen, a city's dreamboat, sails at last'. St. Louis Post-Dispatch – via NewsBank.
- ^Brett Pulley (21 July 1998). 'Casino Changes the Fortune Of a Hard-Luck Illinois City'. The New York Times. Retrieved 17 November 2019.
- ^'Mayor says hotel signals renewal of East St. Louis'. St. Louis Post-Dispatch. November 18, 1998 – via NewsBank.
- ^Denise Hollinshed (January 4, 2000). 'New hotel at Casino Queen opens for business with views of St. Louis skyline'. St. Louis Post-Dispatch – via NewsBank.
- ^Robert Patrick (4 April 2014). 'Old Casino Queen yields $600,000 at auction'. St Louis Post Dispatch. Retrieved 17 November 2019.
- ^'Gambling on the future of East St Louis'. Lindenwood University. Retrieved 17 November 2019.
- ^Tim Logan (December 28, 2012). 'Employee-owners hope to reverse Casino Queen's fortunes'. St. Louis Post-Dispatch. Retrieved 2020-07-26.
- ^Lisa Brown (December 10, 2013). 'REIT buying Casino Queen real estate for $140 million'. St. Louis Post-Dispatch. Retrieved 2020-07-26.
- ^'Gaming and Leisure Properties, Inc. closes acquisition of the real estate assets related to the Casino Queen in East St. Louis for $140 million' (Press release). Gaming and Leisure Properties. January 23, 2014. Retrieved 2020-07-26 – via GlobeNewswire.
- ^ ab'In deal with sports wagering firm, Casino Queen rebrands as DraftKings at Casino Queen'. St. Louis Post-Dispatch. July 24, 2020. Retrieved 2020-07-24.
- ^'Casino Queen'. Clayco. Retrieved 17 November 2019.
- ^'IL Says Casino Queen Can't Stay Open 24 Hours'. St Louis Public Radio. Retrieved 17 November 2019.
Sports Betting At Casino Queen
See also[edit]
External links[edit]
Emerald Queen Casino Sports Betting
Brings Top-Rated Sportsbook App and Retail Experience to the State
BOSTON – (August 5, 2020) – DraftKings Inc. (Nasdaq: DKNG) today announced the launch of the DraftKings at Casino Queen Sportsbook app and retail location in Illinois. Customers can download the sportsbook app and visit DraftKings at Casino Queen in East St. Louis to finish creating their account onsite, providing them with statewide mobile sports betting access.
“Illinois is home to some of the most passionate sports fans and most iconic sports teams in the entire country,” said Jason Robins, DraftKings Co-founder, Chairman and CEO. “DraftKings’ dedication to innovation and providing customers with a premier sports betting experience has made our app the top-rated option and we can’t wait for fans in Illinois to discover why.”
Once their account is created, customers can place a wide variety of bets, including pre-match, live and proposition wagers on several major professional and collegiate athletic events and teams. The top-rated app also features a number of promotional offers available only to Illinois customers. In addition to mobile and online sportsbook access, DraftKings at Casino Queen offers a retail sportsbook at the newly rebranded physical location in East St. Louis.
“We are excited to bring sports betting to Illinois and the St. Louis community,” noted Terry Downey, President, DraftKings at Casino Queen. “The marriage of two iconic brands promises to create an unforgettable experience that can only be found at DraftKings at Casino Queen. Fans will come to love the service, passion and innovation now available in our state.”
DraftKings at Casino Queen Sportsbook and the DraftKings daily fantasy products are available via iOS and Android here.
About DraftKings
DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories.
DraftKings is the official daily fantasy partner of the NFL as well as an authorized gaming operator of the MLB and NBA.
About DraftKings at Casino Queen
Emerald Queen Casino Sports Betting
Located across the Mississippi River from St. Louis, DraftKings at Casino Queen, formerly known as Casino Queen, has been welcoming visitors since 1993. DraftKings at Casino Queen is famous for its waterfront hotel, stunning views of The Gateway Arch and St. Louis skyline and an unforgettable gaming experience with extraordinary service.
Forward-Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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