Possible
Las Vegas-Style Casino for
Mall of America
As
reported by The Las Vegas Review-Journal
Park
Place Entertainment Corp. joined a Minnesota state legislator
Wednesday in proposing a Las Vegas-style casino at the
Mall of America that could generate revenues of $1 billion
a year.
"We
believe the Mall of America would be a very attractive
market, but I can't emphasize strongly enough it's up
to the Legislature and the people of Minnesota if they
want more gambling in their state," said Park Place
spokesman Robert Stewart.
Stewart
said Park Place is confident the casino would contribute
jobs and other economic benefits to Minnesota while being
a very attractive opportunity for his company.
Park Place, which operates Caesars
Palace casino in Las Vegas and Caesars
Atlantic City, released an economic analysis of a
proposed Mall of America casino prepared by Ernst &
Young.
The
national accounting firm estimated that the proposed 160,000-square-foot
casino with 5,000 slot machines -- a size that would make
it one of the largest casinos in the United States --
would raise more than $1 billion a year in revenue.
The market impact was based on potential visitor interest,
with Mall of America's 40 million visitors a year leading
Orlando, Fla.'s 38 million, Las Vegas' 35 million and
Atlantic City's 32 million.
The
proposed casino would be owned by a new state corporation
and leased to a gaming company such as Park Place, which
is the leading candidate based on its association with
Simon Property Group, which operates the Forum Shops at
Caesars and Mall of America.
Markham
in new talks for a casino
As
reported by The Journal Gazette and Times Courier
Markham
officials are in preliminary talks with a new Native American
tribe regarding development of a bingo hall that could
eventually become a casino.
The
city council recently gave Mayor David Webb authority
to turn over up to 60 acres of city-owned land to the
Ottawa tribe of Oklahoma.
The
property, northwest of the interchange of 159th Street
and the Tri-State Tollway, was previously eyed by Wisconsin's
Lac du Flambeau tribe for a Native American-operated casino.
But the city couldn't come to terms with the Lac du Flambeau
tribe on a development agreement.
While
opening a bingo parlor would be a relatively easy process,
the Ottawa would face obstacles should they expand the
operation to include slot machines and table games.
The
tribe would need state approval for a casino but would
not require a state-issued license as existing casinos
now do. Gov. Rod Blagojevich, who by law must approve
any Native American casino in Illinois, has steadfastly
opposed an expansion of casino gambling in the state.