Unveiling the Mystery: Who Owns River City Casino?

River City Casino, a renowned gambling and entertainment venue, has always been a topic of intrigue for many. Its luxurious ambiance, captivating games, and numerous attractions have made it a favorite among both locals and tourists. However, the question that often lingers in people's minds is: Who owns River City Casino? This article delves into the history, ownership structure, and impact of River City Casino on the local community.

I. A Brief History of River City Casino

Established in 1996, River City Casino has come a long way from its humble beginnings. Located in St. Louis, Missouri, the casino was built on the former site of the St. Louis Greyhound Bus Station. The property was acquired by Gaming and Leisure Properties Inc. (GLPI) and Penn National Gaming Inc. (PENN) in 2000. Since then, River City Casino has undergone several expansions and renovations, making it one of the most popular destinations in the region.

II. Ownership Structure of River City Casino

1. Gaming and Leisure Properties Inc. (GLPI)

GLPI is a publicly traded real estate investment trust (REIT) that owns and leases gaming and leisure properties across the United States. The company was founded in 2013 by the merger of Penn National Gaming and GLPI. As a REIT, GLPI is required to distribute a majority of its taxable income to shareholders, making it an attractive investment for many.

2. Penn National Gaming Inc. (PENN)

PENN is one of the largest gaming and racing companies in the United States, operating more than 30 properties across 18 states. The company was founded in 1971 and has since grown to become a major player in the industry. Its diverse portfolio includes casinos, racetracks, and resort hotels.

III. The Impact of River City Casino on the Local Community

1. Economic Boost

River City Casino has had a significant positive impact on the local economy of St. Louis. Since its opening, the casino has generated millions of dollars in tax revenue, which has been used to fund various public projects and services. Additionally, the casino has created numerous job opportunities for residents, contributing to the growth of the local workforce.

2. Community Engagement

River City Casino has actively engaged with the local community through various initiatives. The casino has partnered with local non-profit organizations, hosting charity events and contributing to community programs. These efforts have helped to build strong relationships between the casino and the residents of St. Louis.

3. Attraction and Tourism

River City Casino has become a major attraction in the region, drawing visitors from all over the United States. The casino's wide range of games, dining options, and entertainment events have made it a must-visit destination for many. This influx of tourists has helped to boost the local tourism industry, benefiting local businesses and the economy as a whole.

IV. The Future of River City Casino

As the gaming industry continues to evolve, River City Casino is poised to adapt and thrive. With plans for further expansions and improvements, the casino is expected to maintain its status as a leading entertainment destination in the region. The collaboration between GLPI and PENN ensures that River City Casino will continue to be a driving force in the local community, providing economic benefits and fostering strong relationships with residents.

Q1: How has River City Casino contributed to the economic growth of St. Louis?

A1: River City Casino has contributed to the economic growth of St. Louis by generating millions of dollars in tax revenue, creating job opportunities, and attracting tourists, which in turn boosts local businesses and the economy.

Q2: What are some of the entertainment options available at River City Casino?

A2: River City Casino offers a wide range of entertainment options, including slot machines, table games, dining establishments, and live entertainment events. The casino also features a spa, a poker room, and a sportsbook.

Q3: How does River City Casino engage with the local community?

A3: River City Casino engages with the local community through partnerships with non-profit organizations, hosting charity events, and contributing to community programs. The casino also supports local schools and provides job training opportunities for residents.

Q4: Who owns River City Casino?

A4: River City Casino is jointly owned by Gaming and Leisure Properties Inc. (GLPI) and Penn National Gaming Inc. (PENN).

Q5: What is the future of River City Casino?

A5: The future of River City Casino looks promising, with plans for further expansions and improvements. The collaboration between GLPI and PENN ensures that River City Casino will continue to be a driving force in the local community, providing economic benefits and fostering strong relationships with residents.