Issue 100
August 5-11, 2002
Volume 3
page 1
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Gaming News
Triple City Bingo Opens in Texas

Detroit Council Grants 30-Year Deals For Casinos

Malaysia Mega-Resort Opens

Georgia Launches First Coin Lottery

Washington Says No More Gambling


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Triple City Bingo Opens in Texas

AUSTIN, TX - /BUSINESS WIRE/ - Littlefield Corporation announced August 2 the opening of a new bingo hall, Triple City Bingo in San Juan, Texas.

The premises consist of 16,000 square feet on approximately two acres. Triple City Bingo is located in the Rio Grande Valley, one of the fastest growing areas in Texas and in the United States. Triple City represents the Company's second bingo hall in that area.

Triple City Bingo will operate as a "night" hall operating 3-5 nights per week.

Jeffrey L Minch, the President and Chief Executive Officer of Littlefield Corporation, comments:

"Triple City Bingo complements our existing operations in the Rio Grande Valley. Our other hall, Americana Bingo operates as a 'day' hall. With the addition of Triple City Bingo, we are able to provide customers with places to play bingo anytime they desire."

Littlefield Corporation provides holding company support to its four operating business units and seeks to acquire "old economy" companies in accordance with its Adventure-less Capital(tm) concept.

Littlefield Entertainment is the largest operator of charitable bingo halls in the United States and operates 24 bingo halls in Alabama, South Carolina and Texas.


Detroit Council Grants 30-Year Deals For Casinos

DETROIT, MI - Ending months of wrangling, the Detroit City Council on August 2 gave its blessing to three casino operators by approving 30-year agreements allowing them to build permanent facilities in a designated area by 2006.

In May, the City Council had rejected a pact between Mayor Kwame Kilpatrick and MGM Mirage, the MotorCity Casino, which is 53.5 percent owned by Mandalay Resort Group, and the Greektown Casino, which is owned by the Sault Ste. Marie tribe of Chippewa Indians.

The revised deal, approved by the Council, calls for a new assessment on casino gross revenue of 1 percent starting in 2006 if combined revenues exceed $400 million a year. The money would fund recreational capital improvements for the city.

One casino executive said the deal would be good for the city's bottom line.

"It's a quite positive development, it's good for the city," Mandalay Resort Group President Glenn Schaeffer told Reuters. "It'll bring the permanent casino to the market that much faster."

An MGM Mirage spokesman was not immediately available to comment. The company closed a deal on Tuesday to buy a 25-acre parcel of land for a planned $500 million casino.

Both MotorCity and Greektown have said they plan to build 400-room hotels with their new facilities, as does MGM.

Earlier last week, MGM said it would have a site plan for the new casino with 120 days of approval. MGM's current temporary facility in the city supplied about 10 percent of its total revenue in the first quarter of 2002.

The nearest large casino is across the river in Canada, in Windsor, Ontario.

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