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Aztar Casino Sale Dies Before Merger Deadline

ST. LOUIS-Fortunes Entertainment LLC couldn't earn licensing by the Nov. 19 timeframe for takeover of Aztar Corp., which owns Caruthersville casino.

By Robert Carr | Updated on November 06, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

ST. LOUIS-Aztar Corp. has terminated a sale of the Casino Aztar Caruthersville here, as part of a deal that will allow a merger of Aztar with Columbia Entertainment, also know as Wimar Tahoe Corp. Phoenix-based Aztar was supposed to sell the casino by Nov. 19 as part of the merger agreement, but the buyer, Fortunes Entertainment LLC, could not earn state licensing by the deadline, said an Aztar spokesman.

The Missouri Gaming Commission is taking steps to ensure that the casino doesn’t go dark, however. The Commission on Wednesday directed staff to take the necessary legal steps for the appointment of a supervisor of the property.

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