Slots Pay Off Big for
AC Casinos
- ATLANTIC CITY, NJ - Slot machines continued last year
to take a bigger bite out of Atlantic City's casino revenue
pie.
The
city's 36,000 slots accounted for 71.8 percent, or $3.1
billion, of the $4.3 billion in total casino revenue.
That's the 20th straight year in which slots increased
their share of the total. In 1980, slot revenue accounted
for just 41.7 percent of all gaming revenue.
Over
the last 15 years in Atlantic City, slot revenue has increased
184 percent while table-games revenue has increased only
15 percent.
Group Eyes So. Las
Vegas Blvd. Site for New Casino
- /GAMING WIRE/ - A group of California developers are
proposing to build an Asian-themed 600-room hotel-casino
on 10 acres along the west side of Las Vegas Boulevard,
just south of the Strip near the Belz Factory Outlet World.
Plans
call for the $104 million Dynasty Forbidden City hotel-casino,
a privately financed project, to have a four-story hotel
tower with a U-shaped parking garage wrapped around it
in a design reminiscent of the Great Wall of China, according
to documents filed with the Clark County Comprehensive
Planning Department.
The
proposed project is scheduled to go before the Enterprise
Town Board Feb. 14 and awaits later hearings before the
Clark County Planning Commission and the County Commission
.
Gaming Board Shoots Down Rosemont Bid for Casino
- /AP/ CHICAGO - The Illinois Gaming Board has nixed a
deal that would have allowed a casino to open just a few
blocks from O'Hare International Airport.
The
board voted 4-1 January 30, against plans that would have
allowed a defunct riverboat's owners to switch their license
to Rosemont, a northwest Chicago suburb.
''The
process is absolutely broken,'' said Kevin Flynn, chairman
and CEO of Emerald Casino Inc., the casino company that
had hoped to move to Rosemont.
Emerald
attorney Mike Ficaro said he would appeal the decision.