Issue 317
October 9 - October 15, 2006
Volume 6
page 2
 

Green Valley Ranch Resort Opens Third Major Expansion

Press Release

ENDERSON, Nevada – Station Casinos executives opened a $110 million expansion at Green Valley Ranch yesterday, the property's third major expansion since opening in December 2001. A 50/50 joint venture between Station Casinos, Inc. (NYSE: STN - News) and GCR Gaming, a company owned by the Greenspun family, Green Valley Ranch carries the distinction of being the first boutique luxury resort built off the Las Vegas Strip.

New amenities in the third phase expansion include a three-level, 1,200-space parking garage, a new state-of-the-art 170-seat race & sports book, which boasts a 96-foot video wall powered by 18 projectors; a new 22-table 24-hour non-smoking poker room; more slot and video poker machines; two more restaurants, Tides Oyster Bar and Turf Grill located next to the new race & sports book, and an additional 14,000 square feet of meeting and convention space.

Opening by Spring 2007 will be additional casino space featuring more slot/video poker machines and a 500-seat lounge and entertainment venue. Green Valley Ranch is one of four master-planned expansions occurring at Station Casinos-owned properties. Other expansion projects currently underway are at Fiesta Henderson, Santa Fe Station and Red Rock Casino, Resort and Spa which are scheduled to be completed in late 2006/mid 2007.

"The city of Henderson is growing at an exciting rate," said Scott Kreeger, Senior Vice President of Operations for Green Valley Ranch and Red Rock Casino. "This expansion is a demand-driven result of that growth."

"Green Valley Ranch is already a favorite among locals, known for its value, service and convenience," added Kreeger. "It's also an appealing destination for tourists who want a luxury resort experience off the Las Vegas Strip."

 

 

 

Yonkers Raceway Opening Postponed Again
As reported by the Hudson Journal News

YONKERS, New York – "The long-delayed debut of a $240 million video lottery casino planned for Yonkers Raceway will wait at least a few more days, as track officials again have pushed back the expected opening.

"Track officials two weeks ago targeted a 'soft opening' today for Empire City at Yonkers Raceway, the largest of eight planned video gaming casinos approved by the state Legislature in 2001. Ongoing construction, however, has pushed the expected opening back at least a couple more days.

"The delay has prompted track officials to contemplate holding off the opening until early next week, rather than test new staff with the large crowds expected on the weekend, said Timothy Rooney Jr., the track's general counsel and son of owner Timothy Rooney.

"…Rooney said the track, which has been closed for construction since late June 2005, does not yet have a firm opening date.

"…Yonkers Raceway and state officials are eager to open the casino, which is projected to reap millions per week for the state…"

Harrah's Receives Acquisition Proposal
Press Release

LAS VEGAS– Harrah's Entertainment, Inc. (NYSE:HET) today confirmed that its Board of Directors has received a proposal from Apollo Management and Texas Pacific Group to acquire all of the Company's outstanding common stock for $81.00 per share in cash.

The Harrah's Board of Directors has established a Special Committee consisting of all non-management directors to review the proposal. The Special Committee has retained UBS Securities LLC as its financial advisor and Kaye Scholer LLP as its legal advisor to assist the Special Committee. The Special Committee has not determined that a transaction is in the best interests of Harrah's and its stockholders or that Harrah's should not continue as an independent public company pursuing its business plan as the world's largest provider of branded casino entertainment. Accordingly, there is no assurance that Harrah's will enter into this or any other transaction.

Elton John - The Red Piano

The Colosseum at Caesars Palace: Singing, songwriting, and performing legend Elton John will be at The Colosseum at Caesars Palace October 10th through October 22nd. Elton John's career has spanned more than three decades. By all measures, he is one of the world's most successful touring artists and one of the top-selling solo artists of all time. Sir Elton has sold more than 200 million records worldwide, with 29 consecutive Top 40 Hits, earning 35 gold and 25 platinum albums.
 

Dates:  Tuesday & Wednesday October 10, 11, 17, 18
	                 Friday - Sunday    October 13-15, 20-22

Time: 7:30 p.m.

Ticket Price: $100 - $250

For more information: (888)-4-ELTONJ

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