Issue 49
August 14 - 20, 2001
Volume 1
page 1

This Issue

Gaming News
The Venetian To Add Hotel Rooms and Parking Spaces

Hard Rock Hotel & Casino
Launches Play-For-Fun Casino Site

Thunderbird To Open Casino In Venezuela

Littlefield Corporation Announces Status of Texas Bingo Halls

Saint Regis Mohawk Tribe and Sullivan County to Bring Resort Casino to the Catskills

Two Fresh New "How To" Titles For Serious Football Handicappers

Show Time
Broadway musical Les Mis rables will perform at Aladdin Resot Casino's Theatre for the Performing Arts September 19-23

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The Venetian To Add Hotel Rooms and Parking Spaces

Venetian Las VegasLAS VEGAS, NV - Las Vegas Sands, Inc., owner and operator of The Venetian Casino Resort, announced during its recent earning conference on July 26 tentative plans to finance the construction of a 1,000-room addition and 800 parking space addition to the Venetian Casino Resort.

Furthermore, an indirect, wholly owned subsidiary of the Company, which is the owner of approximately 15 acres of land adjacent to The Venetian, will construct 150,000 square feet of conference center space on land owned by the Phase II Subsidiary, which will be leased by the Phase II Subsidiary to The Venetian. The new 1,000-room hotel tower will be built by The Venetian and owned and operated by a newly created subsidiary of The Venetian.

In connection with the two projects, the current owner and operator of The Venetian heating, ventilating and air conditioning plant, HVAC Provider, has tentatively agreed to construct, own and operate, a $60 million expansion to its HVAC and related equipment facility, to provide via an energy services agreement, heating, cooling and related services to the new hotel tower and conference center space.

The Company, based on current information, estimates the 1,000-room hotel addition and parking garage addition cost to total approximately $155 million, excluding the HVAC Provider project, financing and pre-opening costs.

The Company further estimates the conference center space project cost to total approximately $30 million, excluding the HVAC Provider project.

The Phase II Subsidiary's $80 million credit facility will be secured by all of the Phase II Land, the Phase II Subsidiary's interest as landlord under the conference center lease, and the non-recourse loan to the Phase 1-A Subsidiary.

Hard Rock Hotel & Casino
Launches Play-For-Fun Casino Site

LAS VEGAS, NV - /Winner Online/ - A growing number of land-based Vegas casinos are going online by launching play-for-fun sites.

The sites look a lot like real-money sites, but don't accept wagers. That's not a problem for these casinos, however; the goal of these sites isn't to make money. The casinos are much more interested in establishing an online gaming presence and loyal customer base, with the hope that Nevada will eventually legalize online wagering.

MGM Mirage and Harrah's are already running free sites, and other casino giants are joining that exclusive club. This week, the Hard Rock Hotel and Casino of Las Vegas launched its own play-for-fun casino site.

The site, which was developed by dot com Entertainment Group, gives players a choice of play-for-fun Slots, Roulette, Video Poker, Craps, Blackjack, Caribbean Poker and Table Poker.

Players can enjoy better-than-average Java (no-download) games that are branded with the Hard Rock name. The games have a 'Vegas' look and feel to them, which means players will find a lot of pinks, turquoise blues, and purples on the tables.

This is dot com's first deal with a land-based Vegas casino, and that could possibly pave the way for future partnerships - especially if online gambling gets the green light in the Silver State. Other gaming software companies are likely to be working on their own Vegas deals at this time.

More importantly, however, the Hard Rock got its foot in the Internet casino door before most of the other big Vegas casinos. The brand recognition of the Hard Rock name will undoubtedly attract customers and that strong market share, along with the casino's position as one of the first Vegas casinos to go online, could translate into big money - provided real-money wagering gets approval.

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