Issue 59
October 23 - 29, 2001
Volume 2
page 2

Stations Casino and Rande Gerber
To Open Whisky Sky

LAS VEGAS - Rande Gerber's Midnight Oil Company, a nightlife organization, and gaming company Station Casinos, Inc. announced a partnership on October 17 that will bring the first Midnight Oil Company nightclub to the Las Vegas area.

Whisky Sky, an innovative and spectacular nightclub, including an 8 acre backyard pool area, featuring private cabanas, day beds and an outdoor bar with gaming tables overlooking the strip, will reside at Station Casinos' newest resort, Green Valley Ranch Station, located 7 miles off the Las Vegas Strip in Henderson, NV. Green Valley Ranch Station Casino is expected to open on December 18, 2001.

"We are extremely excited about the future of this joint venture,'' says Mr. Gerber. "As the nightlife capital of the world, Las Vegas has been on our short list of cities for our organization to tap into. WHISKEY SKY was developed with our customer in mind as well as for the local patron. It will offer an exclusive social atmosphere, while providing a haven away from the mainstream culture on the strip.'' The opening of Whisky Sky marks the fifth property that Midnight Oil has opened in 2001, with a sixth in Times Square set to follow in January 2002.

The Las Vegas area, a city immersed in nightlife festivities, is a fitting location for Mr. Gerber to expand his network of bars and lounges. "We're thrilled to be the latest venue for one of Rande's bars and excited to be able to bring this level of entertainment to our Green Valley Ranch guests,'' said Mike Mecca, general manager, Green Valley Ranch.

In addition to its 50 percent ownership interest in Green Valley Ranch Station Casino,

Station Casinos, Inc. owns and operates Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Sunset Station Hotel & Casino, the Fiesta Casino Hotel, The Reserve Hotel & Casino and the Wild Wild West Gambling Hall & Hotel all in the Las Vegas, Nevada metropolitan area. The Company also owns a 50 percent interest in Barley's Casino & Brewing Company.

Gaming Industry Sees First Permanent Job Casualties Since Sept. 11 as Flamingo Reno
- RENO, NV - The gaming industry witnessed its first permanent job casualties since the Sept. 11 terrorist acts as Park Place Entertainment, one of the industry's leading companies, closes the Flamingo Reno Hotel & Casino in Reno, NV, on October 13. The Flamingo, which until then employed approximately 1,000 workers, is the first casino to close since the tragic events of Sept. 11. "We believe Sept. 11 pushed this struggling casino over the edge,'' said Courtney Alexander, gaming researcher for the Hotel Employees and Restaurant Employees Union.

Net Gambling Provisions Axed from Anti-Terrorism Act - TORONTO, CANADA - Before being passed in the House of Representatives Wednesday, H.R. 3004, the Financial Anti-Terrorism Act of 2001, lost sections 303 and 304 that targeted Internet gambling. To prevent money laundering, the original bill would have barred the use of credit cards, wire transfers, or checks to pay for Internet gambling. To smooth the bill's passage, House leaders dropped the controversial provisions before it was brought to the floor. "It looks like the Internet Gaming Association and the credit card companies have been really strongly against these provisions and have lobbied quite extensively and quite successfully," said analyst Rob Klein of Thomson Kernaghan & Co. Shares in Cryptologic Inc., an online gaming software company, rose sharply on Wednesday after the company confirmed that Congress would drop the online gambling provisions that would have had a devastating effect on the industry. "Internet gaming is here to stay. There's no country in the world that has been successful in any kind of prohibition at this time," said Cryptologic CEO Jean Noelting. "It's a win for regulations, it's a win for the development of the industry, and you can be sure that companies like us will continue to work to make absolutely sure we have the strictest measures for preventing any type of money laundering."

BB King

"Bossman of the Blues" B.B. King will appear at the Waynes Newton Theater at Stardust Hotel Casino November 23-25.

King succeeded the late Louis "Satchmo'' Armstrong as America's musical ambassador to the world when Armstrong put up his golden horn for the final time on July 6, 1971, and has worn the mantle proudly ever since.

SHOWTIME: 8 p.m.

TICKETS: $59.95 (Includes one drink)

For more information please call:
(702) 732-6325, (800) 824-6033
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