Boyd Gaming's Vacations
Hawaii Selects New Charter Service
- LAS VEGAS - Boyd Gaming Corporation announced on October
1 that Vacations Hawaii, its Honolulu-based travel agency
specializing in all-inclusive Las Vegas bound tour packages,
has entered into an agreement with Omni Air International
to provide direct air service from Hawaii to Las Vegas
beginning February 1, 2003. The existing agreement with
Hawaiian Airlines is set to expire January 31, 2003.
Commenting on the announcement, William S. Boyd, Chairman
and Chief Executive Officer of Boyd Gaming, said, "We
are very pleased to have a new agreement in place with
Omni Air International so that we can continue to offer
our Hawaii customers a high level of service at the same
great value.
Omni is a very experienced airline, particularly in this
market, and has a solid record of success over the years.
We have had a great relationship with Hawaiian Airlines,
and we look forward to the years ahead with Omni."
Headquartered
in Las Vegas, Boyd Gaming Corporation is a
leading diversified owner and operator of 12 gaming entertainment
properties located in Nevada, Mississippi, Illinois, Indiana
and Louisiana.
Bininons Insufficient
Reserves Forces 40% Shut Down
- /LAS VEGAS REVIEW-JOURNAL/ - The financially struggling
Binion's
Horseshoe was forced to shut down about 40 percent
of its 1,300 slot machines and three of its four table
game pits on October 1 after gaming regulators found the
casino had insufficient cash reserves, Nevada Gaming Control
Board Chairman Dennis Neilander said on October 2. "The
Horseshoe's been in some (financial) difficulty, and we've
been monitoring their bankroll to make sure it complies
with state rules," says Neilander. "They had
difficulty making the minimum bankroll, so we took action."
Although unusual, Neilander said regulators may order
such a step a few times a year. Industry sources say similar-size
casinos are required to maintain bankrolls of about $3
million to $5 million. The Horseshoe listed its required
minimum as $1.2 million in a Nevada Supreme Court filing
earlier this year. Nick Behnen, husband of Horseshoe owner
Becky Binion Behnen, said the game and device closures
are just temporary. Binion's Vice President Lynn Saladino
blamed the bankroll shortfall on an unanticipated number
of Horseshoe employees cashing their paychecks at the
casino cage. "Needless to say it has caused us some
embarrassment, but we are working to correct the problem
to be in full compliance with gaming regulators."
she said.