Issue 22
February 7 - 13, 2001
Volume 1
page 1

This Issue

Gaming News
GB Holdings Withdraws Offer to Buy Claridge Hotel & Casino

Aladdin Mall's Tenants Unhappy

2 Hotels Host Second Annual Jack Binion World Poker Open

Foxwoods Celebrates 9 Years

Isle Of Capri Casinos Donates Over $1 Million To United Way

Web Gaming Company Closes Its Vegas Office

Aztar Gambles On Casino Plan; $175 Million Expansion In NJ

A Combination Book Review And Valentine's Day Gift Suggestion List�

Show Time
The NASCAR Winston Cup Racing Series Makes 4th Trip to Vegas on March 4

Check out our entertainment highlights & upcoming tournaments

See who are the lucky winners

Find out specials from our sponsor: Silver Dollar Casino

Not yet subscribed to the CasinoCity Newsletter? Sign up NOW!

GB Holdings Withdraws Offer
to Buy Claridge Hotel & Casino

ATLANTIC CITY, NJ. - GB Holdings, Inc., the parent company of the Sands Hotel & Casino, announced February 2 that it will not proceed with its efforts to buy the Claridge Hotel and Casino.

Rival casino company Park Place Entertainment has already been approved by the New Jersey Casino Control Commission, after submitting an all cash bid for $83 million for the property. GB Holdings, Inc., had submitted a stock-based bid for $85.8 million.

The Claridge Hotel and Casino has been operating under Chapter 11 Bankruptcy protection since 1999.

Park Place Entertainment owns three other Atlantic City properties including Caesars Palace, Bally's which is home to the Wild West Casino and Coyote Kate's Slot Parlor and the Atlantic City Hilton.

Aladdin Mall's Tenants Unhappy
By Kevin Ferguson / Gaming Wire

LAS VEGAS, NV - The Desert Passage mall would be better named "Deserted Passage," according to disgruntled retail store owners at the upscale shopping mall surrounding the Aladdin megaresort.

The retailers argue that mall management and the adjoining Aladdin are failing to draw the amount of pedestrians promised when they signed their high-rent leases.

In fact, a couple of them wondered aloud during a Friday morning gathering how mall managers would respond if the tenants collectively refused to pay their rent until changes were made.

Many of the 70 tenants in attendance said Desert Passage managers are doing a poor job at advertising the mall, have failed to sign a strong anchor tenant, and plan disruptive events in front of shops that detour visitors.

In a phone interview after the meeting, Desert Passage general manager Jim Harris said some tenants have voiced concerns that sales are not meeting certain stores' individual expectations, but downplayed the magnitude of tenant problems.

"I've met with a lot of retailers and we've been able to talk our way through these problems in negotiations," Harris said. "It's a two-way street. How can I help you? And how can you help yourself increase sales."

But a number of tenants say the amount of visitors going through the mall are not nearly as many as they were promised in August, when most of them signed their leases. Many of the retailers dispute the average daily volume mall managers say it attracts: 54,000.

"There's no way 40,000 to 60,000 pass through daily. Dodger Stadium (in Los Angeles) holds 55,000," said one tenant who requested anonymity. "They should call it Deserted Passage."

Harris said Desert Passage co-owners TrizecHahn Corp. of Toronto spent $250,000 on a sophisticated counting device that counts people entering the mall at the nine entrances. (continued page 4)

Play for FUN or for REAL
at Silver Dollar Casino!

Silver Dollar Casino gives you your favorite games including Blackjack, Slots and many more for you to choose. There are MORE ways to win than ever! Each week, we give away $1,000's to our real players IN ADDITION to their winnings!

Download the FREE casino software NOW and be one step closer to striking it rich!

Right now, at Silver Dollar Casino, we welcome our new players by giving them a $25 Bonus on their first $25 purchase of casino chips.

That's a 100% FREE BONUS! HURRY
This limited time offer won�t last long
Click to get started NOW!

Enter To Win One of These
Great Prizes

Prize Package #1
Round - Trip Airfare to Las Vegas!
Including: FREE 2-Night Stay at
Binion's Horseshoe
(home of the WORLD SERIES of POKER)

Prize Package #2
FREE complete Poker Package Starter Kit from POKERPproducts.COM
the countries #1 source for poker & card games that includes:
1-46" Oak Poker table, Ranch Oak Finish,
4 - Matching Chairs
1 Set of 300 Clay Poker chips with Oak Case with 2 Decks of Bee "Casino" Cards
1 Instructional video on "How To Play Poker"
1 Copy of the Classic Poker Movie "ROUNDERS" starring Matt Damon
FREE Shipping in the US

Enter Today!

Tell us what you think about our newsletter.
Copyright � 2000-2001 Casino City. All rights reserved
Casino City is a trademark of Please read our Disclaimer of Warranty