JEFFERSON CITY, Mo. -- Managers of the President Casino in St. Louis have told state regulators they want to replace the aging riverboat.

The Missouri Gaming Commission held a special meeting Tuesday on the future of the President, which sits on the Admiral riverboat near downtown St. Louis. But after meeting for nearly six hours, regulators decided not to take any action.

The Admiral was built in 1907 and rebuilt in 1940. It won't be certified for passengers after next July without significant repairs.

Pinnacle Entertainment owns the casino and had been planning to seek permission to move it to a new location. But company officials said Tuesday they've decided instead to replace it at the same location.

Pinnacle also owns a newer casino just a few block away.