Issue 102
August 19-25, 2002
Volume 3
page 1
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This Issue

Gaming News
Isle of Capri Plans $135 Million Expansion

The Bicycle Casino Hosts $5,000 Charity Poker Tournament

Turning Stone To Add
Hotel, Events Center to Casino Complex

Former TV Star Wants to Build Nevada Casino

Mississippi Grand Casinos Issue Commemorative Elvis Coins

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Goo Goo Dolls, Third Eye Blind, and Vanessa Carlton will performa at the Event Center at Mandalay Bay Resort Casino on September 10

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Isle of Capri Plans $135 Million Expansion

BILOXI, MS – Isle of Capri Casinos Inc., which owns casinos in the Southern and Midwestern United States, on August 15 said it would spend $135 million of free cash on expansion projects at three casinos.

The Biloxi, Mississippi-based company Isle of Capri unveiled plans for a $79 million expansion of the Point Cadet casino, and $50 million to build a new hotel tower at its casino in Bossier City, Louisiana; and $6 million to build a 60-room inn at its Marquette, Iowa, location.

The expansion includes a 400-room hotel, a 12,000-square-foot multipurpose center, a 1,000-vehicle parking garage that would be the base for another hotel expansion, a Caribbean-theme casual dining restaurant and rum bar, a pool and a spa. Construction is scheduled to begin this fall and be finished by fall 2004.

The Isle had discussed the expansion for several years but legal issues over the property at Biloxi's southeastern tip kept the deal from happening. The land is owned by the city and the state College Board, and the Isle leases the property.

Along with providing more money for the city and the College Board, the Isle expansion will result in several hundred jobs.

Maria Rickert, a gambling analyst with Jeffries & Co. in New York, said Wall Street reacted positively to the expansion.

The Bicycle Casino Hosts $5,000 Charity Poker Tournament

BELL GARDENS, CA -- On July 31st, The Bicycle Casino hosted an evening of fun, food, drinks and a grand old time for the media, other neighboring casinos and card rooms. This event kicked off one of their largest poker tournaments of the year, the Legends of Poker! With an estimated prize pool of over $2,000,000, including two $150,000 guaranteed events, this tournament brings together some of the best players from across the country for a month long competition unlike no other!

This year, this "Tournament of Tradition" kicked off with an event specifically designed for the media and casino representatives from around the country! This "Tag Team" event, composed of 3-5 players per team, provided an opportunity for casino employees and the media to come together to vie for prize pool money and a chance for the first place winners to donate $5,000 to their favorite charity. Not bad for a night that began with a special Poker Workshop at 4:30 p.m. Taught by Sharon Silvas, "Dean of Poker College" for The Bicycle Casino and Greg Dinkin, Card Player columnist and the Director of Marketing for the World Poker Tour, this workshop was designed for the novice player who needed to brush up on their poker skills.

The evening officially began at 5:30 p.m. with cocktails and a fabulous international buffet fit for a king. Prepared by the legendary chefs of The Bicycle Casino the guests of this event were pleasantly surprised at the fare that awaited them when they entered the ballroom! Steve Lipscomb, CEO of the World Poker Tour, which will film the Legends championship finals, showed a promotional film and predicted that the WPT would bring poker into a new era. In the course of a year, 13 major world tournaments will be tapes on a 14-foot high, 27-foot square stage using 15 cameras, including cameras that will show the players hands to the watching audience. Commentators will be on hand to guide the audience through the series of two-hour shows, set for national broadcasting in early 2003.

This year's event was a huge success for The Bicycle Casino. With over 150 guests making up a total of 48 teams, this year's competition was fierce but filled with fun and laughter. Team Card Player Magazine and Team Soboba tied for first place. Team Card Player's members included writer Andy Glazer, Card Player associate Marshall Ragir, and Max Shapiro, columnist and designated Legends of Poker tournament writer, it was an evening of excitement and winnings. Both Marshall and Andy have made the final tables at several major tournaments. The real winners of this event were the two charities, Mothers Against Drunk Driving and Bikers Against Cancer, who will receive $2,500 each! "We are excited that we have so many people who chose to come and support our industry here tonight. Not only do we have a HUGE turnout from our neighboring casinos but our media partners chose to come and support this event in a big way!" stated Kelley O'Hara, Marketing Director of The Bicycle Casino.

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