Issue 50
August 21 - 27, 2001
Volume 1
page 1

This Issue

Gaming News
Black Hawk Casino by Hyatt Set To Open in October

MGM Mirage Warming Up To Atlantic City Mega-Resort

Mission Indians Opens New Casino

Atlantic City Race Course Sold for $13 Million

Ray Charles Comes To the Gaming Floor

Love To Play Those Winning Angles? There's A Bonanza of Books For 2001

Show Time
Sam Butera will bring his rollicking, rambunctious and high-energy show band, "The Wildest" to the Castaways Windjammer Lounge for a special repeat engagement August 22-26

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Black Hawk Casino by Hyatt Set To Open in October

BLACK HAWK, CO - The latest symbol of Colorado's gaming transformation from small-time amusement to large-scale entertainment is on track to open October 29.

The $150 million Black Hawk Casino by Hyatt will be the largest gaming complex in the state, featuring 1,332 slot and video games and 22 tables for poker and blackjack.

The centerpiece of the casino will be the Fireside Lounge, a circular area featuring a bar and stage surrounded by four seven-story fireplaces. Live entertainment could include "everything from comedy to lounge acts to bands to cooking demonstrations," said Jack Breslin, marketing director for Black Hawk Casino by Hyatt.

The casino will have 55,000 square feet of public space and boast a Starbucks and four eateries, Robinowitz said.

Parking will be ample, with 650 valet spots and 800 other spaces.

The casino is the first step in Dallas-based developer Windsor Woodmont Resort Corp.'s plan to create a destination resort in this former mining community. Ultimately, it could include everything from a wildlife preserve to a winery to biking trails, said Dan Robinowitz, chairman and chief executive officer of Windsor Woodmont.

A 25-story Hyatt hotel with 350 rooms -- all suites -- will be built starting next year if the casino is successful, Robinowitz said.

MGM Mirage Warming Up To Atlantic City Mega-Resort

LOS ANGELES, CA - /Reuters/ - MGM Mirage's proposed new mega-resort in Atlantic City's up-and-coming Marina District will cost $1 billion to $1.5 billion, and will have a warm weather theme, CFO Jim Murren said on August 20.

Las Vegas-based MGM Mirage first disclosed its plans for the resort in 2000, saying the project would be on 50 acres of land next to the Borgata, its $1 billion joint venture with Boyd Gaming Corp. now under construction.

Since then, however, MGM Mirage has provided few details about the Atlantic City project on the New Jersey shore.

Speaking in a phone interview, Murren told Reuters the resort is expected to cost "toward the upper end'' of the $1 billion to $1.5 billion range.

Murren said the resort will create an environment that will be "comfortable and compelling'' throughout the year.

"That means you've got to bring a lot of energy and a lot of warmth and excitement inside to an area that's pretty raw in the winter,'' he said. "People are going to feel transported from the bracing weather of the East Coast in the winter.''

Murren also said that Renaissance Pointe would be the new name for land formerly known as the H Tract, where the Borgata and other new casino will be located. Both resorts are in Atlantic City's emerging Marina District, which is away from most of the older and smaller casinos in the traditional Boardwalk area. "We spent a lot of time on the name,'' Murren said.

"We kept coming back to Renaissance Pointe because of a variety of connotations. At minimum, it represents the rebirth of an area and in many respects...a rebirth of a city as well.''

Murren said more details on the resort would be announced by early next year. He added that MGM Mirage would like to open the property one to two years after the Borgata.

He said the new resort would not necessarily be bigger than the Borgata, which, with more than 2,000 rooms, will become Atlantic City's largest casino when it opens in 2003.

The two new casinos combined will significantly increase the number of hotel rooms in a city whose growth has been limited by a relative shortage of rooms. The city, home to 12 casinos, now has about 12,000 rooms, or a fraction of the 125,000 rooms in Las Vegas.

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