Issue 113
November 11-17, 2002
Volume 3
page 2
 

Black Hawk Casino By Hyatt Files for
Chapter 11 Bankruptcy Protection

BLACK HAWK, CO - /PRNewswire/ - Windsor Woodmont Black Hawk Resort Corp., owner of the Black Hawk Casino by Hyatt in Black Hawk, Colorado, announced on Nov. 8 that it has filed a petition in Denver, Colorado seeking reorganization under Chapter 11 of the Federal Bankruptcy Code. The filing is not expected to impact the day-to-day operations of the casino, which will remain open for business as usual and without interruption.

"Windsor has been engaged in discussions with its creditors and Hyatt Gaming, the casino management company, to resolve outstanding issues between the parties and Windsor in hopes of avoiding today's filing," explained Windsor Chairman/CEO Jerry Dauderman. "After the November 1 appointment of a state court receiver, the company's Board of Directors determined that this was the company's best course of action to protect its creditors, shareholders, and the employees of the casino."

"Windsor intends to utilize the Chapter 11 process to reorganize its financial and operational affairs with the goal of preserving and enhancing the assets of the company for the benefit of creditors and shareholders," stated Mr. Dauderman. "We fully expect the casino to operate as usual, our valued employees to be retained, and for our post-bankruptcy obligations to be satisfied."

The Black Hawk Casino by Hyatt opened on December 20, 2001. It is the largest casino in Colorado and employs approximately 600 people. The casino

features 1,180 state-of-the-art slot and video games, 20 table games, the Kitchens of The World Buffet, the Hickory Grill steakhouse, Chip's All-American Burgers, a Wolfgang Puck Express, a Starbucks coffee shop, and an attached 800-space parking garage.


National Airline's Closes, Passengers Stranded -
LAS VEGAS – Tourists in the nation's gambling capital were left with questions and no tickets on Nov. 7 after National Airlines ended nearly two years in bankruptcy court and quit flying.

The Las Vegas-based airline grounded its 18 aircraft late Wednesday in Las Vegas with little warning and no refunds for thousands of travelers forced to make other travel arrangements.

Three volunteer former National ticket agents and two airport employees were helping dozens of travelers at the National counter at McCarran on Thursday, but the company was offering no refunds and was telling customers to contact their credit card companies. The airline's Web site also was shut down.

Rosemary Vassiliadis, deputy airport director, said most other airlines were honoring National tickets on a space-available basis, but were charging fees for the switch. Airport spokeswoman Hilarie Grey said that passengers with reservations for future National flights were being told to contact their credit card companies and other airlines by telephone.

InterCasino Launches Player to Player Online Poker Room - LONDON - The world's oldest online casino has launched a player versus player poker room. Building on six years of experience in the online gaming market and online payment systems InterCasino is proud to present InterCasinoPoker.

Unique among Internet Poker rooms, players will be able to log on to the poker software using their existing InterCasino or InterBingo accounts, and play using their existing balance.

Ryan Hartley, the manager of both InterCasino and InterCasinoPoker said "Poker has become the most ubiquitous card game in the world, played by players from all corners of the globe. To reflect this we are offering the world's first multi-currency poker room, with tables available in US Dollars, Euros and Pounds Sterling."

InterCasinoPoker are currently offering a $20 sign up bonus to all players.

Championship Boxing:
Erik Morales vs. Paulie Ayala

Boxers Erik Morales and Paulie Ayala will meet in the ring in Vegas for the World Featherweight Championship -- an important fight for both men - at the Events Center at The Mandalay Resort Casino on November 16.

Price:
$50.00, $100.00, $200.00, $300.00

Showtime:
5:00 p.m.

Reservations:
Reservations Recommended

For more information please call: (877) 632-7400
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