Harrah's to Buy Harveys
for $625 Million
- LAS VEGAS, NV - Casino operator Harrah's Entertainment
Inc. announced April 24 plans to acquire Harvey Casino
Resort for $625 million to expand its customer base. Under
the deal, Las Vegas-based Harrah's will purchase Harveys
casinos in Nevada, Iowa and Colorado. The sale does not
include Resorts Hotel Casino in Atlantic City, NJ. Harrah's
executives expect the transaction to close by August,
pending regulatory approvals.
Gaming Entertainment
Center in Mexico Underway
- LAS VEGAS, NV - Phoenix Leisure Corporation and Viva
Gaming & Resorts Inc. jointly announced April 27 that
they have agreed to terms to develop and operate government-approved
Gaming Entertainment Centers (GEC) in Mexico. Under the
proposed terms, funds provided by Phoenix Leisure will
be used to develop Viva Mexico's first GEC location at
the Gransur Parque Commercial (Gransur), one of Mexico
City's busiest malls, located in the southern part of
the city near Azteca Stadium. Viva has leased approximately
10,000 square feet of entertainment space at this government-approved
location. Viva Mexico's first GEC at Gransur will contain
approximately 500 slot machines to enhance lottery sales
and create quality employment opportunities in the local
economy. In addition, a portion of Viva Mexico's GEC profits
will be contributed towards charitable causes. Under the
proposed terms, Viva and Phoenix Leisure will have until
June 10, 2001 to execute the definitive agreements relating
to this transaction.
Greektown
Casino Voted "Best" in Detroit
- DETROIT, MI - Greektown
Casino was voted "best'' casino and best "place to
be seen'' by readers of the Detroit Free Press. "It is
a tremendous honor to be named Detroit's best casino by
the people who live and work in the community and who
read Michigan's largest daily newspaper,'' said Greektown
Casino Chief Operating Officer Sal Semola. "It's also
a tribute to our 2,600 Team Members, who make extraordinary
efforts every day to provide superior service and a fabulous
gaming experience to all of our guests. "More than two
million people have already experienced Greektown
Casino. Now everyone knows we're the best.''
Greektown
Casino is in the heart of Greektown, featuring 2,400
slot machines and 103 table games in 75,000 square feet
of luxurious Mediterranean-themed gaming space. Greektown
Casino is located at 555 E. Lafayette, a six-lane
road that is a direct exit off I-375, just a block from
the casino's main entrance. More than 1,600 terrific hotel
rooms are within quick access of Greektown
Casino.