Issue 44
July 10 - 16, 2001
Volume 1
page 2
 

Developer Plans Tower For
Atlantic City Resort

ATLANTIC CITY, NY - /Las Vegas Sun/ - The new owners of Resorts Atlantic City may spend more money renovating the property than they did buying it.

Colony Capital LLC of Los Angeles, which bought the city's first casino in April for $140 million, will build a 30-story hotel tower beginning later this year and is considering a renovation of Steeplechase Pier -- across the Boardwalk from the casino -- that would add hotel suites, a swimming pool and a convertible atrium.

The 496-room hotel tower will cost about $125 million.

The pier project, which is still in the conceptual stage, will cost between $50 million and $100 million, said Thomas J. Barrack Jr., Colony's chairman.

"Our goal is to create another niche in the marketplace, and that niche in the marketplace is a return to what people's memories of what this place used to be or could be, which is softer, more elegant," Barrack told the state Casino Reinvestment Development Authority board during a presentation.

The last owner of Resorts, Sun International Hotels of the Bahamas, announced a $150 million renovation plan it later scaled back to $50 million, but neither was completed.

Poor results prompted Sun to sell the property.

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The Casino de Hull Opens Non-Smoking Areas - HULL, CANADA - Effective July 6, the Casino de Hull becomes a non-smoking establishment, with the exception of one gaming area that is reserved for smokers. By implementing this major change, the casino becomes one of the few facilities of its kind in Canada that almost entirely prohibits smoking. "Practically the entire gaming area will become non-smoking, except for a new section where smoking will be permitted,'' explained Michel Belley, General Manager of the Casino de Hull. "We reached this decision after much deliberation, taking into account the opinions expressed by both our non- smoking and smoking clientele.''

The Casino de Hull features 1,870 slot machines and 64 gaming tables, and can accommodate 6,200 people.

Las Vegas Casino Owner To Build Border City Gaming Complex - LAS VEGAS, NV - A Las Vegas casino owner wants to build a gambling complex in Reynosa, Mexico, across the border from McAllen, Texas.

Bill Wortman, a partner in the Nevada Palace hotel-casino, said he and Mexican partners would spend $100 million to build a casino and 18-hole golf course in the community of nearly 1 million people.

The project needs approval from the Mexican government, which has opposed legalizing gambling.

However, Mexican President Vicente Fox, who was elected last year, has said he would support legalized gambling in areas frequented by foreign tourists.

The project would open with a temporary casino costing significantly less than the ultimate $100 million price tag, Wortman said, noting that he and his partner Renate Schiff could pay for the first phase on their own.

When fully developed, the casino project would include a 400-room hotel, golf course and spa.

Wortman declined to speculate when construction could begin, pointing to the country's uncertain political environment.

Whoopi Goldberg


Comedian, Actress,Humanitarian Whoopi Goldberg will appear at Paris Las Vegas Casino Resort's Le Th��tre des Arts July 25-29, 2001.

Goldberg has won almost every major award - a Grammy Award for a comedy album, an Oscar and Golden Globe for her supporting role in �Ghost,� multiple NAACP Image Awards, numerous People's Choice Awards (including a special tribute in 1998) and an unprecedented five Nickelodeon Kids' Choice Awards as "Favorite Movie Actress," as well as various awards and honors for her many humanitarian efforts.

SHOWTIME:
July 25 - 29 9:00pm nightly;
July 28 - 7:30 and 10:30pm

TICKETS:
$75 plus tax

For more information please call the Paris Las Vegas Casino Resort box office at 1-877-374-7469.

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