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Issue 341
March 26 - April 1
Volume 7
page 1
 

This Issue

Gaming News

Casino City's March Sweepstakes

Mohegan Sun installs half-cent slots

West Virigina table gaming referendum bill signed

Caesars Atlantic City dealers vote for union

Mississippi casinos bouncing back

Show Time Brad Garrett at The Mirage

Column In poker, you usually raise or fold - but don't call much by Fred Renzey

Check out our entertainment highlights & upcoming tournaments

See the lucky winners

 

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Isle of Capri Casinos to aquire Casino Aztar
Press Release

Isle of Capri Casinos, Inc. (Nasdaq: ISLE) officials announced today the company has entered into an agreement to purchase Casino Aztar in Caruthersville, Missouri from an affiliate of Columbia Sussex Corporation.

The agreement is subject to general conditions including the approval of the Missouri Gaming Commission, and satisfactory completion of due diligence by the Isle of Capri. The purchase price is approximately $45 million.

Banc of America Securities LLC is serving as financial advisor to Columbia Sussex Corporation.

Isle of Capri Casinos, Inc., a leading developer and owner of gaming and entertainment facilities, operates 13 casinos in 11 locations. The company owns and operates riverboat and dockside casinos in Biloxi, Lula and Natchez, Mississippi; Lake Charles (2 riverboats), Louisiana; Bettendorf, Davenport and Marquette, Iowa; and Kansas City and Boonville, Missouri. The company also owns a 57 percent interest in and operates land-based casinos in Black Hawk (two casinos), Colorado. Isle of Capri's international gaming interests include a casino that it operates in Freeport, Grand Bahama and a two-thirds ownership interest in casinos in Dudley and Wolverhampton, England. The company also owns and operates Pompano Park Harness Racing Track in Pompano Beach, Florida.


Mohegan Sun installs half-cent slots
Press Release


It's the latest trend in slot machines and only Mohegan Sun has it. The Northeast's premier entertainment destination is pleased to announce the installation of 20 half-cent slot machines in its Casino of the Earth and Casino of the Sky, and plans to install an additional 15 to 20 half-cent machines over the next two to three weeks. This makes Mohegan Sun the only destination in the United States to offer this new technology.

This latest offering, which allows customers to wager half a cent instead of the traditional quarter, dollar or even penny, is just another way Mohegan Sun is revolutionizing the gaming industry. Back in February, Mohegan Sun announced that starting May 1st, all of its 6,200 current slot machines will be equipped with the state of the art ticket-in, ticket-out system, making for a coin free gaming environment. This innovation will allow guests to experience the ease of playing with paper tickets instead of coins or tokens.

Under a current gaming compact with the State of Connecticut, Mohegan Sun gives the State 25-percent of the monthly slot revenue. After the completion of its Project Horizon expansion in 2010, Mohegan Sun will be home to over 7,600 slot machines.

Project Horizon is a $740 million expansion at Mohegan Sun that features a new 1,000 room hotel with a unique House of Blues experience, 115,000 square feet of new retail and restaurant space and the new 64,000 square-foot Casino of the Wind.

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