The deal, completed on December 21, 2006, occurred at the same time Pinnacle was building its Lumière Place casino just adjacent to the President.

The 73,500 sq ft (6,830 m2) casino featured 756 slots and twenty table games.

Due to poor performance, the Missouri Gaming Commission had wanted to revoke its license, and eventually Pinnacle Entertainment decided to move on.

It actually closed earlier than expected, due to flooding on the Mississippi River at the time.

[4] The boat itself, the former SS Admiral, was cut up and sold for scrap after no buyer came forward.