NV - The world's largest gaming company and a Native American
tribe have applied with federal authorities to build a casino
in the Catskills.
Entertainment Corp. announced March 26 that the Saint Regis
Mohawk Tribe filed an application with the Bureau of Indian
Affairs for approval of the acceptance of land into trust
for the development of a $500 million Las Vegas-style resort
and casino approximately 90 minutes north of New York City
in Sullivan County.
resort will include 165,000 square feet of gaming space, 15,000
square feet of meeting space, 8 restaurants and a spa.
goes as planned, the casino could open around 2004 or 2005.
worked closely with the tribe in the preparation of the application
and has entered into a letter of agreement to develop and
manage the casino for an initial term of 7 years.
to this agreement, Park Place will receive 30% of the net
cash flow from operations, commencing with the opening of
has also signed a consulting agreement to advise the tribe
in operating its existing Akwesasne Mohawk casino in Hogansburg,
and the tribe believe the development will be one of the top
casino resorts in the country serving the vast population
base of New York and the surrounding areas.
Place and the Tribe are working closely with the federal,
state and local authorities in securing all the necessary
Entertainment owns, manages or has an interest in 28 gaming
properties operating under the Bally's, Caesars, Paris, Flamingo,
Grand and Hilton brand names with a total of approximately
2 million square feet of gaming space, more than 28,000 hotel
rooms and approximately 57,000 employees worldwide.