Issue 300
June 12- June 18, 2006
Volume 6
page 1
 

This Issue

Gaming News

Casino City's June Sweepstakes

Mt. Airy Casino Moves Ahead

Renovation in Plans for Caesars Indiana Casino

Maxim Magazine Gambles on Vegas Casino

Bluff Poker Radio to Air 2006 WSOP 

Show Time David Copperfield performs at MGM Grand's Hollywood Theatre.

Column Good Gamblers Know their Beans about the Casinos By Al Krigman.

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Four Winds Casino Resorts Breaks Ground
Press Release

NEW BUFFALO TOWNSHIP, Michigan – After six years of delay, the Pokagon Band of Potawatomi Indians is finally breaking ground last week for Four Winds Casino Resort in New Buffalo Township.

Four Winds Casino Resort, managed by Lakes Entertainment, Inc. for the Pokagon Band, will feature 3,000 slot machines, 90 table games, 20 poker tables and six restaurants. Construction will begin later this month and is expected to be completed in approximately 14 months. The project is expected to create approximately 1,000 construction jobs and 2,000 casino jobs.

"We want to celebrate and thank everyone for all of their support through the years at our ground breaking celebration," said Tribal Chairman John Miller of the Pokagon Band of Potawatomi Indians. "We are excited about this historic event. This has been a long time coming and something we have been working very hard towards for many years now. The ground breaking will be a celebration of progress for the Pokagon Band as we move forward on the road to self-reliance and begin the construction phase on our tribal project," said Chairman Miller.

"We look forward to working with the Pokagon Band to help make their casino project a success," said Tim Cope, President and CFO of Lakes Entertainment, Inc. "Our goal is to offer an exciting and fun gaming experience."

The ground breaking will kick off an entire day of celebration for the tribe and supporters in the community. The ceremony will include a tribal blessing, drum groups and the release of four clusters of balloons to represent Four Winds.

The four balloons will symbolize the tribe's past, present, and future, as well as their partnership with the community. Representing these four hallmarks respectively as they release the balloons will be Elder Council Chair Marge Moody, Tribal Chairman Miller, Pokagon Band Youth Council officers: Chairman Marcus Winchester, Vice-Chairman John Morseau, Secretary Margaret Mersereau, and Treasurer Chuck Mersereau, as well as Agnes Conway, the New Buffalo Township Supervisor.

A special promotional prize will be attached to each cluster, and the lucky finders will be able to redeem them at Four Winds Casino Resort when it opens.

The Pokagon Band will pay two percent of electronic game revenue payment to a designated Local Revenue Sharing and eight percent to the Michigan Strategic Fund as required by the 1998 tribal-state gaming compacts.

The tribe will also provide additional funding over and above what is required under the compact for the Pokagon Fund. The community foundation, made up of both tribal and local community members will distribute revenue sharing funds from Four Winds Casino Resort to local communities surrounding New Buffalo Township, including the local school district.


Mt. Airy Casino Moves Ahead
Press Release

PARADISE, Pennsylvania – Casino took another step forward Tuesday night, as the Paradise Township Board of Supervisors voted unanimously to approve the preliminary land development plan for the first phase of a $360 million plan to redevelop the site of the former Mt. Airy Lodge.

"This action keeps us moving ahead as we seek to secure a gaming license for the region," said Louis A. DeNaples, the northeastern Pennsylvania businessman who owns Mount Airy. "We will continue to work with Paradise Township to ensure Mount Airy Resort & Casino meets the needs of the community and complements - not competes with - existing businesses and attractions in the Poconos."

Phase I of the redevelopment plan calls for the construction of a 200-room luxury resort hotel, a gaming and entertainment complex that would house 3,000 slot machines, four restaurants, two live entertainment lounges, an 18-hole championship golf course, an indoor pool, spa, retail shops, and a covered parking facility.

Phase I construction is estimated at $300 million, which would be followed in Phase II with an expanded casino to accommodate a total of 5,000 slot machines, an additional 200 luxury hotel rooms, and additional conference, entertainment and parking facilities. The plan also provides nearly 550 acres of green space.

The Supervisors attached a number of conditions to its vote. Conditions include securing local, county, state, and federal permits before construction and signing of a developer's agreement outlining the process by which Paradise Township will take over Woodland Road from the state.

Mount Airy is expected to open in the Fall of 2007 after the first phase of construction is completed. The resort will be run by a world-class team of gaming industry executives led by Paul Henderson, the former President and Chief Operating Officer of Caesars Atlantic City, the Atlantic City Hilton, and Trump Marina Hotel and Casino. The operations team has worked at more than 50 casinos and gaming companies worldwide, and has an extensive background in the development, design, opening and operation of gaming facilities.

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