LAKE OZARK, Mo. — The group working to develop a casino at Lake of the Ozarks unveiled artist renderings of the planned development, at the Lake Ozark Board of Aldermen meeting on Tuesday evening.
The investor group Osage River Gaming & Convention (ORGC) has partnered with Bally's Corporation — a gaming/gambling company that operates 15 casinos across 10 states — to bring a casino to the Lake of the Ozarks.
It's not just a casino: the planned development would also include a hotel & conference center and other retail spaces, according to ORGC.
The planned casino would not actually sit on the Lake of the Ozarks, but would be built near the Osage River in the City of Lake Ozark. An area along Highway 54 that has been quarried for years was announced as the site of the planned casino, in November 2023.
And it's still subject to approval by Missouri voters, who will see it as Amendment 5 on the November ballot. Specifically, the proposed constitutional amendment asks voters to change the Missouri constitution to allow gambling on the Osage River downstream of Bagnell Dam (currently the constitution only allows gambling on the Missouri and Mississippi Rivers). It also asks voters to add a license to the current number of Missouri gaming licenses. Casinos must have a gaming license in order to legally operate, and Missouri law currently sets the number of gaming licenses at 13. If Amendment 5 passes, it would be the first time the state constitution specified the number of licenses.
Separately the Osage Nation is working with the federal government for permission to open its own casino operation in Lake Ozark. That casino would not be subject to state gaming regulations, and the Osage Nation would need the governor's signature in order to fully operate.
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