Downtown casino buys shuttered bar in Laclede’s Landing

Big Daddy owner Ryan Loeffler said he closed the bar in January 2021 and sold it a year later.

ST. LOUIS — The parent casino company in downtown Horseshoe St. Louis has purchased the shuttered restaurant Big Daddy’s on the Landing because its chef says he hopes to see more residential and office uses in the area.

A casino-related entity in January purchased two adjacent properties, 118 Morgan St. and 718 N. 2nd St., for a total of $1.2 million. Together, the two properties, including the restaurant and patio, are about 10,000 square feet, according to city records.

New owner Tropicana St. Louis LLC is tied to Caesars Entertainment Inc. (Nasdaq: CZR), the Las Vegas-based casino company that operates the Horseshoe, renamed in May from Lumière Place. A different company, Real Estate Investment Trust Gaming and Leisure Properties Inc. (Nasdaq: GLPI), owns the Horseshoe property.

Big Daddy owner Ryan Loeffler said he closed the bar in January 2021 and sold it a year later because plans to relaunch the neighborhood as a residential area wouldn’t come soon enough to attract enough customers to ensure the location was as successful as other locations. it could open. He operates four other restaurants: Big Daddy’s Soulard, Big Daddy’s 618 in Belleville, Big Daddy’s Edwardsville and Silver Creek Saloon in Belleville. And Loeffler is now considering options for a fourth Big Daddy site.

“I think they’re going to do very well with (the landing), but it’s not enough that a Big Daddy is there at the moment or a Wheelhouse or a Paddy O’s, for someone to want go there and endure for a few years until they bring 3,000 in. It just takes time,” Loeffler said.

Read the rest of the story on the St. Louis Business Journal website.

David H. Henry