Miami
casino expanding
As
reported by The Joplin Globe
MIAMI,
Oklahoma- AIt didn't take long for Buffalo
Run Casino's gamble to start paying off.
John
Froman, chief of the Peoria Tribe, said the casino has
outgrown its space and will initiate a 20,000-square-foot
expansion that will cost $2 million.
"It's
a good problem to have," Froman said.
He
said a conservative estimate is that the expansion will
add about 50 to 100 jobs.
The
expansion will allow the casino to add about 500 to 600
more slot machines and some administrative space.
Mike
Spurgeon, Miami's city manager, said the casino has been
beneficial to the community in a number of ways. He said
adding "good-paying" jobs would be a big benefit
to the community as a whole. He did not elaborate on the
wages.
"Those
folks working there are going to have more money to spend
in the community," Spurgeon said.
Since
opening in October, the casino reportedly has grown from
200 employees to about 380, making it one of Miami's largest
employers.
The
tribe has started getting the construction documents together
and hopes to start construction within two or three weeks,
Froman said. He said he hopes the work is complete by
Aug. 1.
The
casino has added 18 blackjack tables. Poker games, such
as Texas Hold'em and Three Card Poker, also will be added
at Buffalo
Run.
Orange
County welcomes casino bid
As
reported by The Indianapolis Star
FRENCH
LICK, Indiana - Orange County residents hoping a casino
will turn around the area's struggling economy said they
hit the jackpot today when two Indiana companies announced
plans to use gambling revenue to renovate the county's
two historic resort hotels.
"We feel like these guys are our angels," said
Irma Dilllard, 79, of West Baden. "This is what we've
been waiting for."
Dillard was among about 200 people gathered at French
Lick Springs Resort & Spa to hear details of the project
proposed by Indianapolis development and construction
firm, Lauth Group Inc., and CFC Inc., and affiliate of
Bloomington-based medical device maker Cook Group Inc.
Cook Group founder William Cook has already invested $37
million in preserving the West Baden Springs Hotel.
Cook CEO Steve Ferguson said the partnership came together
over the last two or three weeks and officials plan to
submit an application for the Orange County casino license
by the deadline on Wednesday.
The project is unique from other Orange County casino
proposals, Ferguson said, because the Cook group's share
of gambling revenue would go to a charitable trust. The
trust would purchase and renovate both the West Baden
Springs Hotel and French Lick Springs Resort & Spa.
Ferguson said his company got involved after watching
negotiations last summer that resulted in the casino license
being awarded to Donald Trump's Trump Hotels and Casino
Resorts Inc.
Trump's bankruptcy prompted state officials to cut off
negotiations last month and reopen the application process.
"We saw that this wasn't going to work out with the
competing interests, with different people owning the
hotels and the casino, Ferguson said. "Our determination
was that this would not work without all three components
being tied together."
Moving in that direction, Cook will finalize purchase
of the French Lick Springs Resort & Spa for $25 million
on Wednesday. Plans are still being finalized, but it
appears the casino will be built adjacent to French Lick
Springs, Ferguson said.
Ferguson said his company is not interested in being involved
in the gambling end of the project, but saw this as the
only viable option to boost the local economy.
State officials could issue the casino license as early
as June. Ferguson said it is not clear what his company
would do with the two hotels if the partnership does not
receive the casino license.
He said his group is negotiating with three separate companies
to operate the casino.