Issue 304
July 10 - July 16, 2006
Volume 6
page 2
 

House Expected to Hold Online Gambling Debate

As reported by Reuters

WASHINGTON, DC – "The full U.S. House of Representatives is expected to debate next week legislation that would attempt to ban Internet gambling, a $12 billion-a-year industry that gets half its revenue from American gamblers, two Republican lawmakers said on Thursday.

"The legislation to be debated blends two versions of bills that have been offered by Rep. Bob Goodlatte of Virginia and Rep. Jim Leach of Iowa, the two said in a statement.

"Leach's bill has been approved by both the House Financial Services Committee and the House Judiciary Committee. It has broad support among conservative and religious activist groups, who want to keep gambling out of easy reach of minors.

"The anti-gambling bill is expected to be debated by the full House as early as Wednesday, a legislative aide said.

"However, it remains unclear whether the Senate will pass similar legislation as Congress scrambles to finish its work before the November general elections…"

 

 

 


Tioga Downs Opens Gaming Facility with Record Breaking Numbers
Press Release

HOUSTON, Texas – Nevada Gold & Casinos, Inc. today announced that Tioga Downs opened the new 19,000 square foot gaming facility on July 4, 2006. Approximately 10,000 visitors enjoyed 750 video gaming machines achieving $343.00 win per unit. The facility's other entertainment offerings opened last month with a new 90,000 square foot grandstand, restaurants, lounges, arcades, entertainment, retail, live racing and simulcasting. The grand opening celebration of Tioga Downs gaming will be on July 10, 2006. Tioga Downs is located in the Southern Tier in Nichols, New York, near Binghamton.

John Arnesen, President and Chief Operating Officer of Nevada Gold & Casinos, Inc., commented, ``Tioga Downs gaming opened beyond our expectations. We received great reviews by the customers and we anticipate a robust summer as we introduce our gaming product to the marketplace. We believe gaming makes this facility a complete entertainment experience with harness racing, live entertainment, great food, and now gaming.'

Nevada Gold & Casinos, Inc., through its subsidiary Nevada Gold NY, Inc., owns a 40% membership interest in American Racing and Entertainment, LLC. American Racing owns 100% of Tioga Downs Racetrack, LLC, which owns the Tioga Downs Racetrack in Nichols, New York.

Century Casino Opens Ahead of Schedule
Press Release

COLORADO SPRINGS, Colorado – Century Casinos, Inc. announced today that due to better-than-expected construction progress, the Company will open its new property, Century Casino & Hotel, in Central City, Colorado, on July 10, 2006, instead of early August as originally planned. The July 10 "soft" opening will be followed by a full week of opening celebrations at the end of the month

The new property includes a 60,000 square foot casino with 627 slot machines, 12 table games (including a separate Poker Room), 27 hotel rooms, retail, food and beverage amenities and a 500- space, on-site, covered parking garage.

Century Casinos owns 65% of this $50 million project, with an option to buy out the minority shareholder.

JuJBOYZ II MEN

Orleans Showroom: With over 60 million albums worldwide, a host of Grammys, American Music Awards, World Music Awards, NAACP Image Awards, and Soul Train Music Awards, the unstoppable quartet will be performing at the The Orleans Hotel & Casino on July 6-9.

Date: July 6-19, 2006

Time: 8pm

Ticket Price: $50

For more information: (702) 365-7075

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