Issue 14
December 13 - 20, 2000
Volume 1
page 1

This Issue

Gaming News
Majestic Star Buys 3 Fitzgeralds' Casinos

National Airlines Files for Bankruptcy

Venetian Eyes Expansion

Garden State Park Racetrack Sold

Springfield to Take Stage in Vegas

St. Louis Casino in New Mooring Site

Harrah's and Venetian Close Poker Rooms

Harrah's Opens Casino in Lake Charles

Columns
Levy's Hit & Run - A Funny, Fresh Way of Winning at Virtually Everything

Last Minute Holiday Shopping...

Show Time
Bob Anderson will perform at Stardust Hotel & Casino Dec. 10-22

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Majestic Star Buys
3 Fitzgeralds' Casinos

GARY, IN -- Majestic Star Casinos announced December 5 that it is purchasing three of Fitzgeralds' casinos in Mississippi, Colorado and Las Vegas for $149 million in cash plus assumption of certain liabilities.

Also, Fitzgeralds Gaming Corporation and its subsidiaries filed for Chapter 11 Bankruptcy in U.S. District Court in Nevada the same day.

Majestic Star Casinos will take over the 638-room Fitzgeralds Casino-Hotel in downtown Las Vegas, the 507-room Fitzgeralds Casino-Hotel in Tunica, MS and Fitzgeralds Casino in Black Hawk, Co.

"With the addition of these three casinos, Majestic will operate in three of the top five gaming markets in the country," said Don H. Barden, owner of Majestic Star Casinos. "The Fitzgeralds purchase is the first step in our plan to grow Majestic Star beyond our home in Indiana. I want to thank my team at Majestic Star Casino for bringing this project to fruition and making this exciting opportunity a reality. I look forward to working with the many fine employees at these three great Fitzgeralds properties. Together we're going to build a highly competitive national casino brand with 4,300 slots, 120 table games, 1,145 hotel rooms, and 3,800 employees."

The Majestic Star Casino, LLC owns operates the Majestic Star Riverboat Casino in Gary, IN and is the country's only African American owned Casino Company.


National Airlines Files for Bankruptcy


National Airlines filed for Chapter 11 Bankruptcy protection
, but will continue to operation into Las Vegas

LAS VEGAS --National Airlines filed for Chapter 11 bankruptcy protection on December 6 citing escalating fuel prices, but vowed to continue business operations and uninterrupted services to its customers.

"We want to assure our customers that we will continue to operate on a normal schedule without interruption, and we are dedicated to serving our customers' needs today while we strengthen our ability to provide them with high-quality service well into the future," said Michael J. Conway, president and CEO of the airline. "Protecting customer interests and providing them with exceptional customer service has been and remains one of our top priorities."

He added, "We have carried more than 2 million passengers in less than 16 months of flying. We have been recognized as one of the best airlines in the industry for customer service. We are operating with unit costs that are lower than any other U.S. major airline. And we have the best employees, bar none. The fact of the matter is, the more established airlines have deeper pockets that help them to withstand these kinds of fuel prices.

Founded in 1995, National Airlines provides daily nonstop flights from Chicago Midway, Dallas/Ft. Worth, Los Angeles, Miami, Newark, New York JFK, Philadelphia, San Francisco and Washington, DC to Las Vegas. It is partners with Harrah's Entertainment which owns numerous gaming properties around the world, including Harrah's, The Rio Suites and the Showboat Hotel Casino in Las Vegas.

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