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A Gambling Boat Docking in the Big Apple?

14 January 1998

ST. LOUIS -– Officials from President Casinos, Inc. announced January 13 that they've submitted to the New York City Gambling Control Commission the appropriate applications to operate a "cruise-to-nowhere" vessel from New York City.

The New York City Gambling Control Commission was established in 1997 to regulate potential "cruise-to-nowhere" operations originating from New York City. The Commission's regulatory authority encompasses the review of license applications, performance of background checks and the issuance of licenses, among other areas. It is not known at this time whether the Company will receive a license and, if so, when it would be issued.

President owns a 308-foot deep-water vessel, the Majestic Star, which would be available for re-deployment in New York should the Company receive a license.

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