Casino News
Lake of the Ozarks Casino Closer to Becoming a Reality
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- Category: Casino News
- Created: Monday, 06 May 2024 20:06
Casino goers in Missouri may no longer have to hope on a riverboat casino for their next casino outing. This is because If the Lake of the Ozarks Casino is approved by the voters of Missouri, the state will see the development of a new resort. One that will include a hotel, casino, spa, restaurants, shops, and a convention center, among other amenities. This project represents a departure from the traditional riverboat model that many other casinos in the state still adhere to.
More than 320,000 voters in Missouri have signed a petition to approve a casino at Lake of the Ozarks. After four unsuccessful attempts to get the casino question on the ballot, it may finally go to the voters.
In Missouri, casinos can only be built near the Missouri and Mississippi rivers, so a constitutional amendment is needed for other waterways to allow gaming. In addition, online casinos are also not legal which makes it tougher for casino players to enjoy their pastime.
The state will now verify the signatures, with approximately 173,000 certified signatures required to proceed to the ballot.
If approved by Missouri voters, the Lake of the Ozarks casino will bring a new resort with a hotel, casino, spa, restaurants, shops, and a convention center, a departure from the traditional riverboat model.
Missouri defines casinos as "excursion gambling boats," but the term is broadly interpreted, allowing for non-floating facilities. In 2021, the definition was amended to include shore-based casinos within 1,000 feet of the Missouri or Mississippi River, with a minimum of 2,000 gallons of water on-site.
The Lake of the Ozarks Casino will Greatly Benefit the Local Economy
The Osage River Gaming & Conventions (ORGC) investor group is actively promoting the Lake of the Ozarks casino proposal. After previous attempts to include the casino matter on the ballot failed, the group turned to polling and is now optimistic about its progress. However, they have not given up on starting a casino at the lake of the Ozarks.
The organization emphasizes the significant benefits that the project will bring to the local economy. One of the key advantages is the boost in tax revenue, which will greatly benefit local schools. Moreover, the increased local revenue will contribute to various public services, including important infrastructural upgrades.
Furthermore, supporters of the Lake of the Ozarks casino anticipate a positive impact on tourism. The expansive 20-acre property will offer a wide range of entertainment options for both gaming enthusiasts and non-gaming visitors.
Bally's Corporation will be responsible for operating the new casino, which is expected to create approximately 700 to 800 permanent job opportunities.
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