Issue 287
March 13 - March 19, 2006
Volume 6
page 1
 

This Issue

Gaming News

Red Rock solid - Eight things that might surprise you about Red Rock Resort

$1B casino plans get commission approval: Broadwater goes to City Council for final consent

Olympia Gaming Expands Scope of Southern Highlands Casino Resort

Casino measure said to be close

Online Casino Group BetandWin finalises Ongame acquisition

Show Time Stanley Clarke will be at The Railhead.

Column How Long is the Long Run? By Elliot Frome

Check out our entertainment highlights & upcoming tournaments

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Red Rock solid - Eight things that might surprise you about Red Rock Resort
As Reported by Las Vegas Sun

LAS VEGAS - The $925 million Red Rock Resort, at the southeast corner of the Las Vegas Beltway and Charleston Boulevard in Summerlin, is Station Casinos' 15th property in the valley. It's also nothing like any other locals casino in town.

Millions of dollars went into touches such as multicolored onyx imported from India and Italy, polished sandstone, pearl wood, blown glass and 3 million pieces of Swarovski crystal that show up in dozens of chandeliers and curtains.

The 850-room property, which will open on April 18 with 415 rooms, is designed for "the experienced Las Vegas visitor" who is looking for an alternative to the Strip, Station Casinos Chief Executive Officer Frank Fertitta III said.

About 80 percent of the property's revenue will come from locals in the surrounding neighborhood - which surpasses the upscale Green Valley region as one of the wealthiest and most populated regions in the valley.

1. Station is touting Red Rock as a feat of layout and parking design, with six entrances, two parking garages and a porte-cochere with underground valet parking. “It’s all about convenience,” Fertitta said. More access means customers can get to places such as the movie theater, sports book, poker room and restaurants without walking through the casino.

2. There’s a bingo room with its own private restrooms and a glass-walled, nonsmoking bingo area with a self-contained air-conditioning system.

3. Rectangular and tube-shaped crystal chandeliers — a modern take on vintage Las Vegas — are all over the place, including a 60-foot chandelier that spans the length of a high-limit pit. “This comes from our memories as kids growing up in Las Vegas,” Fertitta said. “We think Vegas kind of lost its way” when themes took over, he said.

4. The hotel lobby includes a dramatic three-story rotunda with two curved stairways and a huge chandelier that will hang low and dazzle the eye. VIP hotel guests can take a separate elevator to their suites, bypassing the casino altogether.

5. Water features are prominent part of the resort. In front are giant fountains and reflection pools while in the rear, accessible from the casino and several restaurants, is a three-acre pool area with a fountain that will light up at night. Private plunge pools are available for customers who rent cabanas, hotel guests staying in ground-level suites and customers of the hotel’s spa.

6. The chosen few retailers at Red Rock include Mordechai jewelers and clothing boutique Talulah G, while the food court will feature local favorites Capriotti’s and Villa Pizza.

7. The casino is circular, giving restaurant customers outdoor views of water features and pools. “It’s really a theater in the round,” Station President Lorenzo Fertitta said of the central hotel pool. Several restaurants and Cherry, a nightclub, open to the pool and can be seen through clear and red-tinted glass. There are also a poolside cafe, an outdoor stage for concerts and a fire pit.

8. Station will own all of the full-service restaurants inside Red Rock, including Salt Lick BBQ, the franchise of a famed outpost in Driftwood, Texas. The TBones steakhouse has a private room and an outdoor casino pit.


$1B casino plans get commission approval: Broadwater goes to City Council for final consent

As Reported by The Sun Herald

BILOXI, Mississippi — The $1 billion Broadwater Resort proposal passed the Biloxi Planning Commission on Thursday, with stipulations that plans for future phases would have to be approved by a committee.

After about 3½ hours of discussion, developers of the 261-acre condo, hotel and casino resort got a height variance -- which will allow one structure to be built at 403 feet, as opposed to the 220 feet specified in the city's Land Development Ordinance -- among other variances and a zoning change.

Now, the plans will go before the City Council for final approval.

The Broadwater plans call for two casinos: one at the site of the Broadwater Hotel and another south of U.S. 90.

Mark Calvert, who gave the presentation on behalf of the developers, said the project could be finished by December 2008.

"I don't think the city has seen a project this big, and probably won't see another one this big," Calvert said.

The Broadwater Resort would be built with some 3,375 total condo and 1,900 hotel-room units on site and would also have an 18-hole golf course, with possible condominiums to be built on the site of the former Broadwater Sun Golf Course. The golf course, which is about 180 acres, would also have retail shops along the edges.

Broadwater Development LLP is a partnership formed by Coast businessmen W.C. "Cotton" Fore and Roy Anderson III, who own the 261 acres involved in the project.

The plans have also included one possible exit from the resort area at Jim Money Road onto Pass Road, near the post office, which is a three-way stoplight. This raised the ire of one resident, Terrance Young, who lives on Grady Drive east of the project. He also said the project was moving too fast.

"We are not talking about small variance requests," Young said. "We are talking about substantial exceptions to the laws on the books."

Planning Director Ed Shambra said the commission should ask the developers to come back with more-specific information, including details related to the entrances and exits to the property.

Shambra also said he was concerned the group was asking for a variance on parking spaces, which would be roughly 1.8 spaces per unit, less than the normal 2.5 per unit.

"Obviously, this is a very convoluted application," he said.

With about $1 billion in estimated cost for the project, Calvert said each month the Broadwater Resort isn't running costs governments a combined $6.5 million in tax revenue, based on the developers' economic-impact study.

One of the project's selling points is it conformed with design concepts laid out by the Governor's Commission, Calvert said, touting the "walkability" of the site, and also the mixing of residential and commercial structures.

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