Issue 308
August 7 - August 13, 2006
Volume 6
page 2
 

Nevada Cancer Institute Named Official Partner of WSOP

Press Release

LAS VEGAS, Nevada – Nevada Cancer Institute (NVCI) has been named the official community-relations partner of the World Series of Poker, Harrah's Entertainment, Inc. (NYSE:HET) announced today.

"Our brand is global, but our home is Nevada and we are committed to giving back to the local community," said Jeffrey Pollack, Commissioner of the World Series of Poker. "Cancer is the No. 1 cause of lost years of life in our state and Nevada Cancer Institute offers treatment, research and hope for everyone affected by this disease."

"We are deeply gratified to be a partner with the World Series of Poker and Harrah's," said Clark Dumont, Vice President of Communications and Public Affairs for NVCI. "The Institute is committed to reducing the burden of cancer by pursuing the development of a comprehensive, world-class cancer research facility staffed by the finest scientists, clinicians, educators and caregivers. They are working every day to provide care, education, detection, prevention and cure through research."

NVCI is the official cancer institute for the state of Nevada. It is focused on a future without cancer achieved through initiated and collaborative research in basic, clinical and population science. A non-profit organization, the NVCI has raised more than $100 million in private community financial support and has built a 142,000 square-foot research and care facility in the Summerlin district of Las Vegas. Additional information on the Institute is available at 702-822-LIFE.

Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada, 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.

Harrah's strives to share its success with its communities, making them vibrant places to work and live. The company offers support through donations and sponsorships, public and private sponsorships, and encouraging employee volunteerism. In 2005, Harrah's gave more than $57 million in community contributions, including $8.1 million in assistance for victims of Hurricane Katrina, and provided more than 100,000 of employee volunteer time to community causes.

 

 

 

Trump Taj Mahal Begins Expansion Construction
Press Release

ATLANTIC CITY, New Jersey - Trump Entertainment Resorts, Inc. (the "Company") (Nasdaq: TRMP) announced today that construction officially commenced in July 2006 on the new, $250 million hotel tower at the Trump Taj Mahal Casino Resort (the "Taj Mahal").

"As we constantly strive to create a more entertaining and exciting atmosphere at each of our properties, the construction of our new hotel tower is planned to greatly increase our guest capacity at the Taj Mahal," said Mark Juliano, the Company's Chief Operating Officer. "As we renovate the casino floor and develop more dining and retail options at the Taj Mahal, these rooms will serve as a critical component of our plan to expand our business and attract more valuable customers."

Completion of the tower construction is expected during the summer of 2008. The new tower is planned to add 786 rooms to the Taj Mahal, which currently has 1,250 rooms in the existing hotel tower. Standing 40 stories high and 450-feet tall, the tower's rooms include 716 generously apportioned standard guest rooms and 70 suites with ocean views. The primary architect on the project is the Friedmutter Group.

Construction of the new tower is in addition to the Company's previously announced $110 million renovation and expansion plan. Projects already completed include the renovation of nearly every hotel guest room at all three Trump properties; the entire casino floor renovation and the opening of 24 Central Cafe at Trump Plaza Casino and Hotel; the Ego Bar and Lounge, Trump Exchange retail store, The Asian Gaming Pit and the new noodle bar, The Rim, at the Taj Mahal. Construction of the new retail and dining entrance corridor to the Taj Mahal is underway, as is the renovation of the casino floor. The master plan for the Trump Marina Hotel Casino is also currently being developed.

"We believe that expanding the Company's guest room inventory in Atlantic City is a critical component of our overall plan to capitalize on the changing and growing gaming marketplace," said James B. Perry, Chief Executive Officer of the Company. "As Atlantic City continues to transform into a destination market for customers, our expansion and renovation plan is being specifically tailored to create new entertainment options, to increase the overall quality of experience at Trump properties, and to increase value for shareholders of the Company."

Buffalo Casino Talks Not Over
As Reported by the Buffalo News

BUFFALO, New York – "Buffalo officials and the Seneca Nation of Indians may not be through talking about a downtown casino after all.

"On Wednesday Mayor Byron W. Brown declared an impasse in casino discussions, and the Senecas vowed to move ahead with a 'less grand' downtown gaming venue. But Thursday representatives from both sides acknowledged the door is still open for more negotiations.

"…Rajat Shah, Seneca Gaming Corp.'s development chief, also admitted the publicly warring parties could return to the bargaining table.

"…On Wednesday, Brown announced the parties had reached an impasse in talks on the sale of two blocks of Fulton Street to the Senecas, citing the nation's unwillingness to make a contractual commitment to such things as casino job guarantees for city residents and a marketing campaign targeting out-of-town gamblers…"

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