Barona
Valley Ranch Resort Ready for Launch
SAN DIEGO,
CA - The Barona Band of Mission Indians is set to launch a new
resort and casino - a $260 million undertaking - designed to
rival anything in Las Vegas.
"Barona
will be the first casino in San Diego to follow the Nevada gaming
tradition of putting it all under one roof - casino, hotel,
restaurants and more. When it's open, it will likely become
a major economic force in San Diego County," 10News reported.
The spacious
315,000 square feet of Barona Valley Ranch Resort and Casino's
sophisticated dining establishments and exciting casino games,
designed to reflect the flavor of 1930s ranch living and the
origins of the Barona Band of Mission Indians, is enhanced by
the availability of additional gaming and entertainment features.
An accommodating new 125-seat off-track betting area guarantees
that fans will never miss the excitement of a horse race. Founders
Hall, an expansive multipurpose room with 20,000 square feet
of fully-equipped event space and multimedia support, can easily
facilitate meetings and special events, or function as a concert
venue. The intimate Branding Iron Cafe allows guests to relax
and observe the excitement from its quiet, comfortable ambience,
which includes outdoor seating and views of the Barona Creek
Golf Club.
Eight stylish
dining establishments, including the Barona Oaks Steakhouse
and 850-seat Ranch House Buffet featuring patio dining and sweeping
views of the award-winning Barona Creek Golf Club join
2,000 Las Vegas slot, video poker and video keno machines and
52 exciting table games.
Blackjack
fans will appreciate the challenges afforded by Barona's single
deck, Double Deck and even six deck games, all featuring
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The $260 million expansion already
celebrated by Strictly Slots and Blackjack Forum as San Diego's
finest.
surrender,
and the thrill of California's highest limit. Poker players
can ante in at Pai Gow Poker, Three Card Poker, or Caribbean
Stud Poker, battle it out in a suspenseful game of Casino War,
or just Let It Ride. An 11-table poker room featuring 7-card
stud hi/low (8 or better), Omaha hi/low (8 or better), and Texas
Hold 'em will offer challenging propositions for all players.
Already
one of the most successful casinos in California, the new Barona
Valley Ranch Resort and Casino adds to its solid foundation
of exciting entertainment with additional premium services,
including the General Store gift shop, food court, and the acclaimed
Barona Creek Golf Club, rated California's 4th best golf course
by Golfweek magazine.
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Harrah's
To Take Charge for National Air Closure
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LOS
ANGELES - Casino operator Harrah's Entertainment Inc.
said on Nov. 12 that it would take a fourth-quarter charge
of up to $6.5 million to cover its exposure to Las Vegas-based
National Airlines, which has shut down.
Las
Vegas-based Harrah's also said in a filing with the Securities
and Exchange Commission that since voters extended gambling
in an Iowa county it would pay in the fourth quarter an
additional $50 million for its acquisition of Harveys
Casino Resorts, which does business in Iowa.
Bankrupt
National quit flying last week after extended negotiations
on a financing package fell through.
Harrah's
exposure to National through a $12.25 million letter of
credit had been widely known. Harrah's, which wrote off
an earlier equity investment in National, had shared the
credit exposure with an unidentified, third party investor
that made a deal with Harrah's.
"As
a result of this settlement with the investor and our
anticipated funding of the letter of credit following
NAI's (National's) cessation of operations, we expect
to record a charge of $5.5 million to $6.5 million in
fourth quarter 2002," the company said.
Separately,
voters in Pottawattamie County, Iowa, voted last week
to allow gambling to continue, leading to the extra $50
million payment in relation to the purchase of Harvey's.
"It
had been anticipated," spokesman Gary Thompson said.
Harrah's
bought Harveys Casino Resorts in July 2001 for $294 million
and assumed about $350 million in debt. It also agreed
to pay another $50 million for the acquisition if the
Iowa ballot measure passed.
Harrah's
bought four casinos in the Harvey's deal, two of which
were in Council Bluffs, Iowa.
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