Issue 11
November 19 - 25, 2000
Volume 1
page 1

This Issue

Gaming News
Let-It-Ride Target of Nevada
Regulators

Choctaw Indians Break Ground on Casino

Christmas Shopping For
That Special Gamers

Multi-Coin Multi-Line Slots Hit Mississippi Casinos

Aladdin Casino to Sell Land for Time Share Development

Casino Windsor to Get Betty Boop Slot Machines

New York-New York Plans to add ESPN Zone

MotorCity Casino Lays Off 154, Adds More Slots

Fiesta Casino Hotel to Operate Under Station Casinos

Columns
Santa Can Bring Some GIfts For Those Who Need Help At the Tables

Show Time
Regional Finals for Second Annual Miss Swimsuit International December 1 at Trump Taj Mahal

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Let-It-Ride
Target of Regulators

By KEVIN FERGUSON
GAMING WIRE

LAS VEGAS - After meeting November 13 to discuss proposed rules that would require casinos to more clearly define the relationship between wagers made on some table games and their payouts, Nevada gaming regulators decided they needed more time to consider their options.

The issue was to be discussed by the Nevada Gaming Commission Monday, but was postponed so regulators can meet again with industry representatives about how to reduce players' confusion about payoffs from Shuffle Master's Let It Ride card game, a variation of poker.

Many of the casinos offering the game place table limits on the amount of money they can pay Let It Ride winners. Whether a gambler bets $30 or $300, there's only so much a table will pay. Some casinos offer a cap of $75,000 for each hand played at a table, and critics charge that many gamblers are not aware of the cap.

The reason: Placards on many Let It Ride tables explain that the "aggregate limit" for each table is $75,000.

"Any wording should be approved by the (Nevada Gaming) control board, because aggregate is not a usual term," said Gregg Gale, the control board's Audit Division chief. The wording had not been previously approved because the board did not require such a move.

At the November 13 meeting between regulators and casino industry executives, Shuffle Master President Mark Yoseloff said gamblers choose to place Let It Ride wagers above table minimums.

"Assuming that the aggregate is posted in a clear and nondeceptive manner, players making bets above the minimum do so in light of the fact that their win may be limited by the aggregate for certain infrequent outcomes, such as a royal flush," Yoseloff said.

The control board is also eyeing the payouts of Fortune Pai Gow Poker, Three Card Poker and Caribbean Stud Poker because they also have aggregate limits and question the fairness of those limits.

In Let It Ride, a player places three bets per hand. If they wager $500 per bet and hit a royal flush, in theory, the payout would be $1.5 million because a royal is 1,000-to-1 odds.

Shuffle Master executives argue that the cap does not pose a problem for most gamblers because few ever receive winnings that exceed the limit.

One control board member offered a ready reply at the meeting. "It should come down to take a bet, pay a bet," board member Bobby Siller said.



Choctaw Indians Break Ground on Casino

PHILADELPHIA, MS - The Mississippi Band of Choctaw Indians broke ground on its Golden Moon Hotel & Casino outside Philadelphia in Neshoba County November 16.

The 572-room gambling and hotel operation, a mirror of the tribe's highly successful Silver Star Resort & Casino, is part of the first phase of the Choctaws' $750 million Pearl River Resort.

The Golden Moon, a 280-acre recreational lake, a cultural center, the Pear River Town Center business park and a 300-room lakefront hotel are all expected to be completed by 2002.

An amphitheater, fairgrounds, a water park and a university style fitness and health center also will be developed.

Pearl River is designed as the only large-scale resort development on a tribal reservation. The plan was inspired by the success of the Silver Star Resort, which with its 90,000-square-foot casino and world-class golf course designed by Tom Fazio has continued the economic development that began when Martin brought manufacturing jobs to the region.

The Golden Moon will be a near duplicate of the first hotel-casino and, with the other development, will generate another 2,000 jobs.

The tribe owns and operates 15 manufacturing, service and retail businesses on a reservation that is scattered over 30,000 acres. The businesses help the tribal government provide its 8,300 members with education, health care, job training, housing, police and fire protection, tribal courts, utilities and other community services.

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