Issue 210
September 20 - 26, 2004
Volume 4
page 2
 

Slot-machine resort sought for a redeveloped Allentown, Pa., steel mill
As reported by The Knight Ridder/Tribune Business News

The recently completed deal between Big Sandy Band of Western Mono Indians and Caesars Entertainment could bring millions of dollars to the tribe and gives the Las Vegas gaming giant a foothold in the fast-growing local casino market.

But the payback for the Friant-Auberry community is less clear.

The tribe is negotiating how much it may pay Fresno County for deputies, roads, water and sewers. And many of the estimated 2,500 jobs could be low-paying with high turnover rates, said a former industry official.

Expected to open in 2006, the $250 million casino-resort will feature at least 2,000 slot machines and 20 gaming tables. A 250- to 300-room hotel, several restaurants and shops are planned for the resort.

Caesars and the tribe have not said where they will build the 48-acre development, but county officials have indicated it will be near the intersection of Auberry and Millerton roads, about 10 miles northeast of Fresno.

For the tribe, the agreement -- finalized this week -- means a stream of revenue leaders say will be used for social services such as education and health care.

If the casino is approved and built, it would mark Caesars entry into California, a move one analyst said shows the state's tribal gaming industry is "big league."

"The name Caesars means the best," said Bill Thompson, a University of Nevada at Las Vegas professor who has written 10 books on the gaming industry.

Caesars will be able to promote its other outlets to a growing Fresno population, he said. Also the company may be planning to draw out-of-state visitors by packaging the resort with trips to nearby Yosemite National Park.

 

 

 

 

Resort gets green light
As reported by The Sun Herald

GREENVILLE, MS -- Marlin F. Torguson, one of the pioneers in the Coast's gambling industry, will develop a casino resort with a Spanish-mission style theme on the Caillavet Street property owned by the Gollott family.

The resort will offer a golf course designed by Arnold Palmer within eight miles driving distance, a bowling alley suitable for national championships and 75,000 square feet of convention space. Its gambling barge will be on water but encased in a land-moored protective shell. Torguson, Chairman and CEO of Bacaran Bay Casino Resort Biloxi, received site development plan approval from the Mississippi Gaming Commission on Wednesday at its monthly meeting in Greenville.

The founder of Casino Magic and a former member of Pinnacle Entertainment's board of directors, Torguson has been securing financing for the development and hopes to begin construction after the first of the year.


Caesar's going down the
Wembley way
As reported by The Sunday Telegraph

LONDON, England -- Caesars Entertainment, the US casino owner that operates five casinos in Las Vegas, including the Caesars Palace and Flamingo complexes, wants to open the UK's biggest and most lavish gambling resort at the new Wembley stadium in north London.

It is in talks with Quintain Estates, the developer that owns the 42 acres surrounding the new National Stadium at Wembley. In June, Quintain said that it had won planning permission for a huge 5.3m sq ft development.

As well as 3,700 new homes, the complex has permission for 160,000 sq ft of leisure facilities and a 420-room, five-star hotel. Quintain also owns the adjacent Wembley Arena.

The US company has issued a public statement, saying that it is monitoring "developments in the United Kingdom" and future "significant liberalisation of the country's gaming laws".

Bette Midler

MGM Grand: Bette Midler, one of the world's best-loved and most versatile entertainers and winner of four Grammy Awards, performs at the MGM Grand.

Date: November 26, 2004

Price: $78.75 - $183.75

Time: 8:00pm

 

For more information please call: (800) 929-1111

 
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