Issue 15
December 20 - 27, 2000
Volume 1
page 1

This Issue

Gaming News
Venetian Owners Honored by LV Jewish Community

Anchor Gaming Completes Sale of Racetrack

MotorCity Casino Celebrates Its First Birthday

Trump Marina Now Offers Three Card Poker

Women Hold Majority In Online Gaming

One-Millionth Bus Passenger Arrives at Foxwoods

Spotlight
Captain Cooks Casino

Columns
Gambling Guru Al Krigman tells you if it Worth What It Costs to Hedge Your Bets

Last Minute Holiday Shopping...

Show Time
Gladys Knight will visit the Aladdin Theatre for the Performing Arts on Saturday, December 30

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Venetian Owners Honored by LV Jewish Community

LAS VEGAS, NV --(BUSINESS WIRE)--Dr. Miriam and Sheldon G. Adelson received the Founder's Award by Chabad of Southern Nevada on Sunday, Dec. 10, 2000, at a gala honoring their innumerable contributions to the Las Vegas community and to Chabad of Southern Nevada.

The banquet was held at The Venetian Resort-Hotel-Casino, which is the "heart and soul" creation of the Adelsons. Mr. Adelson, chairman of Las Vegas Sands Inc., developed the $1.5 billion Venetian Resort-Hotel-Casino, which opened in May 1999. As a prominent entrepreneur, he is also the sole creator of COMDEX, the world's largest trade show.

MRabbi Shea Harlig commended the Adelsons for their unparalleled support of Chabad, enabling the organization to expand and grow beyond its wildest dreams. Dozens of elected officials, friends and businesses from across the entire nation sent tributes expressing their admiration and respect for the Adelsons.

Not only were the Adelsons commended on their stunning addition to the Las Vegas Strip, but they were also recognized for opening and operating two drug abuse clinics -- one in Tel Aviv, Israel, and one in Las Vegas. As a specialist in Internal and Emergency Medicine, Dr. Adelson has devoted her life to helping people overcome drug additions.

In particular, the Dr. Miriam and Sheldon G. Adelson Clinic for Drug Abuse Treatment and Research, located in Las Vegas, provides the highest-quality and most compassionate care and treatment for people suffering with serious drug dependency problems. The Clinic has had a remarkable success rate in the short time it has been open due, in large part, to the personal involvement by the Adelsons in its day-to-day operations. (continued page 4)

 

Anchor Gaming Completes Sale of Racetrack
By Jeff Simpson (GAMING WIRE)

LAS VEGAS, NV - Anchor Gaming said December 18 it completed a $66 million sale of its Sunland Park Racetrack & Casino in New Mexico to the company's former chairman and founder, Stan Fulton.

Fulton, 70, announced his resignation from the company September 25. He agreed to assume the company's debt in the racetrack.

The transaction also included the company acquiring 4.5 million shares of stock from Fulton and members of his family for a purchase price of $66.60 per share. The stock purchase transaction closed on October 17, the effective date of his resignation.

Fulton was replaced as board chairman by T.J. Matthews, who also serves as chief executive officer.

The $306 million purchase consisted of $240 million in cash and $66 million of the racetrack's debt. The deal received the necessary regulatory approvals.

The company also announced it expects imminent closing of the sale of its 25 percent interest in a Massachusetts horse racing facility to Fulton.

The University of Nevada, Las Vegas International Gaming Institute opened this year in the campus' Stan Fulton Building.

Anchor Gaming shares were down $1.50 Monday, closing at $32.

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