Issue 90
May 28 - June 3, 2002
Volume 3
page 2
 

Mandalay Resort Group to Build
All-Suites Tower On Las Vegas Strip

LAS VEGAS - Mandalay Resort Group announced May 23 plans to develop a new 1,122 all-suite, 41-story tower connected to the Mandalay Bay Resort & Casino at the southern end of the Las Vegas Strip. Groundbreaking for the project will begin in September 2002, with a targeted opening date of October 2003. Upon completion, the new tower's 750-square foot suites will be the largest average room size of any all-suites project on the Las Vegas Strip.

The new tower will specifically target attendees to the Company's Mandalay Bay Convention Center, which will open in January 2003. "This project will further enhance the power of our Mandalay Mile as the most integrated resort complex in the world. It is yet another asset that will drive our long term performance by further segmenting our room offerings and driving REVPAR gains," said Glenn Schaeffer, president of the Mandalay Resort Group. The Mandalay Mile includes the Mandalay Resort & Casino, Luxor, and Excalibur.

Specific features of the tower include 1,122 suites; average suite size of 750 square feet; 24 hospitality suites; a top-tier spa and fitness center, a full-service business center; restaurant and lounge; and complete access to all restaurants, shops and clubs at Mandalay Resort & Casino.

Mandalay Resort Group owns and operates 11 properties in Nevada: Mandalay Bay Resort & Casino, Luxor, Excalibur, Circus Circus, and Slots-A-Fun in Las Vegas; Circus Circus-Reno; Colorado Belle and Edgewater in Laughlin; Gold Strike and Nevada Landing in Jean and Railroad Pass in Henderson. The

Win at Geisha Lounge!

company also owns and operates Gold Strike, a hotel/casino in Tunica County, Mississippi. The company owns a 50% interest in Silver Legacy in Reno, and owns a 50% interest in and operates Monte Carlo in Las Vegas. In addition, the company owns a 50% interest in and operates Grand Victoria, a riverboat in Elgin, Illinois, and owns a 53.5% interest in and operates MotorCity in Detroit, Michigan.


Picov Downs Introduces 800 Slots - AJAX, ONTARIO - Picov Downs announced the introduction of 800 slots to their racetrack, however the expansion is in doubt with protests from the larger Metropolitan Toronto racinos like Woodbine. A 'wait and see' scenario here.

Maine Votes ''No'' to Casino Gambling - YORK, MAINE - Residents of York, Maine soundly rejected the idea of legalized casino gambling in a nonbinding referendum held on May 24. York voters were asked on a local ballot: "Do you favor legalized casino gambling in sourthern Maine?" The resulting vote was 3,057 against casinos and 767 to allow them. In an earlier poll, voters in the town of Berwick also opposed casino gambling by a 302-172 tally. Polls are also scheduled in other towns including Eliot, North Berwick, Wells and Kittery. The casino issue follows a proposal by two Maine Indian tribes to build a Foxwoods-style resort and casino in southern Maine.

Reno Pushes for River, Kayaking Project - RENO, NV - Nevada’s Commission of Tourism is pushing for a $5.7 million development project to improve the city’s Truckee River in an effort to boost tourism and diversify the local economy. Improvements would include building boat landings and removing abandoned concrete piers, making the river safer and more fun for recreation. "The Truckee River is going to become one of the major destinations for the state of Nevada," Lt. Gov. Lorraine Hunt predicted. The centerpiece of the project is the River Park at Wingfield, a proposed $1.5 million kayaking course that would attract national competitions to the area. The commission estimates a 2-day kayaking event could draw more than 4,000 people and bring in nearly $1 million, without considering money spent gambling. Increased guided rafting tours on the river could bring in an additional $2.46 million a year. Money for the project would come from the $40 million arts and recreation bond the City Council will place on the Nov. 5 ballot for approval. With funding, construction could begin on the course in August 2003.

The Who

The Who will perform at The Joint at Hard Rock Hotel Casino on June 28.

The Who was one of the bands at the forefront of the British Invasion of the mid-'60s. Over the years, the band has continued to be an influential and popular force in the music industry.

Price: $155.50, $305.50, $355.50

Showtime: 8:00 p.m.

Reservations: Reservations Recommended

For more information please call: (800) HRD-ROCK
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