Issue 25
February 28 - March 6, 2001
Volume 1
page 1

This Issue

Gaming News
Park Place Plans 30-Story Tower at Caesars Palace

Hollywood Casino Corporation Announces
Major Expansion of New Dockside Casino

Foot and Mouth Threat to UK Racing Hits Bookies

Come Aboard the Foxwoods
$500,000 Caribbean Cash Giveaway

Passengers Evacuated From Mississippi River Casino

Facial Surveillance Used to Catch Casino Cheats

Insight Annual; Pitching Ace Key Research Tools For Serious Baseball Bettors In 2001

Show Time
David Benoit to perform at Sunset Station Hotel Casino's Club Madrid
March 10

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Park Place Plans 30-Story Tower
At Caesars Palace

LOS ANGELES, CA - /Reuters/ - Casino operator Park Place Entertainment Corp. went before municipal planners February 22 to seek approval to build a new 30-story, 864-room tower at its Caesars Palace Resort in Las Vegas.

The addition of 400-foot-tall tower would bring the total number of rooms at Caesars to more than 3,300.

According to Park Place's application, the new tower would also include 320,000 square feet of space for restaurants, shops, meeting rooms, showrooms and subterranean parking.

Park Place Chief Financial Officer Scott LaPorta said the company would like to start construction on the tower in the second half of this year, with completion in the first half of 2003.

According to information filed with the planning commission, the tower and an associated low-rise building would be on the southeastern portion of the Caesars property, with frontage on Flamingo Road. It would connect to existing pedestrian bridges, linking it with Bellagio and the Flamingo-Barbary Coast.

In January, the Planning Commission previously approved Park Place's request to add 10 luxury villas within a 90-foot-high, five-story building with an associated spa on the Caesars property.

Park Place acquired Caesars as part of its 1999 acquisition of Caesars World Inc. for $3 billion. Before that, the property's previous owner added a 1,134-room tower in 1997. Since the sale, Park Place has modernized the outside of the property's 34-year-old tower.

Hollywood Casino Corporation Announces
Major Expansion of New Dockside Casino

DALLAS, TX - Hollywood Casino� Corporation announced February 26 it is commencing construction of a major expansion of its Aurora Casino.

The expansion includes the construction of a new dockside casino, a new restaurant and entertainment lounge, and the expansion of the property's existing buffet. The Company expects to be under construction by the end of the week, with the expansion scheduled to open in the summer of 2002. The total cost of the project is approximately $75 million, which will be funded from the Company's existing cash balances.

The cornerstone of the Company's Aurora expansion is the development of a new 95,000 square foot floating barge. The new barge will be connected to the property's existing pavilion in a seamless manner, providing a land-based feel for the property. The first floor of the barge will contain 53,000 square feet of gaming space. The dockside casino will replace the property's existing riverboats, which offer 29,500 square feet of gaming space spread out on eight floors of the two boats. The new dockside casino will have a luxurious and richly appointed interior, and will feature a dramatic forty-one foot atrium in the center of the casino.

The new dockside casino has been meticulously designed to be the most comfortable and highest quality gaming facility in the Chicago marketplace. The new dockside casino will dramatically increase the passenger capacity and customer appeal of the Aurora casino. The passenger capacity for the new dockside casino will be 3,900, which is more than double the 1,875 total passengers that can currently be served by Aurora's two existing riverboats. The Aurora Casino has historically been operating with effectively less capacity than its competitors in the Chicago market due to the small size and relative unattractiveness of one of its two existing riverboat casinos. Aurora's small riverboat offers 9,950 square feet of gaming space on four floors. The comfort and spaciousness of the small riverboat is also restrained by its low ceiling heights, which average approximately nine feet. (continue page 4)


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