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April 2000
North America

28th April   Las Vegas   Source: AP/Press release
  
Steve Wynn obviously has the casino business and Las Vegas in his blood. That is perhaps the biggest motivating factor in his agreed purchase of the Desert Inn from Starwood Hotels. The cash purchase price is believed to be in the region of $275 million and will be contingent upon the sale of Mirage Resorts to MGM Grand. Located at the northern end of the Las Vegas Strip the recently upgraded property has 715 rooms and a 30,000 square foot gaming floor. Small by the standards set by new openings during 1999 but coming at a fraction of the price.
    The change in ownership should see Mr Wynn being able to attract his faithful top customers that should add significantly to the drop and occupancy rates. The Northern end of the Strip as well as downtown Las Vegas casinos are forecast in coming years to be susceptible to additional competition in California from expanding Native Indian casinos.
 

27th April  Richmond BC.  Source: Reuters


   Great Canadian Gaming Corporation that operates six community casinos in British Columbia has been awarded a suppliers license for Washington State. The company through its wholly owned subsidiary Great American Gaming Corporation has completed the purchase of the Riverside Casino in Tukwila, Washington. Table games presently permitted in the state include Blackjack, Caribbean Stud and Let it Ride.
Great Canadian Gaming Corp. receives license to operate in Washington State.
 

27th April  New York  Source: Reuters


   The quest to open a casino in the Catskill mountains around 75 miles from New York City by the St. Regis Mohawk tribe has taken a new turn. Alpha Hospitality that were thought to be favourites to win the management contract have apparently been beaten by Park Place Entertainment's. The worlds largest casino operator intends to loan the tribe $3 million in exchange for the development and management contract at the Monticello raceway site.
 

27th April  Colorado  Source: Press release


   Some interesting statistics were contained in a Nevada Gold & Casinos release. The Colorado gaming market, which on the table side is limited to $5 bets has grown to now be worth over $500 million annually. In 1991 Black Hawk had revenues of $56 million and in 2000 it is expected to surpass $400 million. Nevada Gold has a 43% stake in the Isle of Capri casino in Black Hawk which is the states largest casino.
 

26th April  Connecticut  Source: Press release


   The Mohegan Sun one of the two Connecticut Native Indian casinos has reported gross gaming revenues of $175 million for the quarter ended March 31st. This represents a 15% increase over the same period in 1999. Win per slot, per day was $475 ($410) with slot revenue accounting for $130 million of the total (74%).
    The Mohegan Sun Tribal Authority is also embarking on an ambitious $800 million expansion programme "Project Sunburst", that will add some 115,000 square feet of gaming floor and a 1,200 room hotel.
 

25th April  Las Vegas  Source: Press release


   Boyd Gaming Corp. owners of Sams Town Las Vegas have chosen Casino Data Systems OASIS™/Windows® system as an upgrade from the present OASIS II casino management system that was installed in 1994. All Sams Town's 3,250 slots and 53 tables will be linked. Nationwide CDS has some 135,000 gaming devices in 115 casinos monitored using the OASIS system.
 

24th April  Mississippi  Source: Sun Herald/Press release


   The acquisition of Casino Magic, Bay St Louis and Boomtown Biloxi by Penn National Gaming has been given the all clear by the Mississippi Gaming Commission. The two casinos were put on the market by Hollywood Park (now Pinnacle Entertainment) that itself is now the subject of a takeover from Harveys Casino Resorts.
    The two properties will be the first casino operations run by Penn National that has racetracks and off track betting facilities in Pennsylvania. Plans are to add 600 hotel rooms to Bay St Louis. The casino will also continue to operate under the Casino Magic name.
Big plans set for Bay casino
Penn National Gaming Gets Miss. Regulatory OK To Buy Casinos
 

20th April  Biloxi  Source: CJPG Press release


   The upcoming Southern Gaming Summit in Biloxi, Mississippi between May 10 - 11th will include more than 250 exhibitors. Jointly organized by the Gulf Coast Gaming Association and Casino Journal Publishing Group the 1999 event had 5,000 attendees.
The Casino Management Association is conducting a series of six seminars with the award of "Southern Gaming Summit Gaming Professional" for delegates who complete the series.
 

19th April  Chicago Source: Press release


   William Gaming Inc. have announced that Scott D. Schweinfurth will be taking up the position of Executive Vice President-Chief Financial Officer and Treasurer. Mr Schweinfurth previously held virtually the same position with slot manufacturing competitor Alliance Gaming Corp. having been stationed in Berlin at Alliance's Bally Wulff subsidiary.
Scott D. Schweinfurth Named Chief Financial Officer of WMS Industries
 

19th April  New Orleans  Source: Press release


   Boyd Gaming Corp. that owns 11 casinos in Nevada, Mississippi, Illinois, Indiana & Louisiana has recorded record results for the quarter. Casino revenues were $225 million up 21% on 1999. Main properties in the companies portfolio including the Stardust and Sams Town, Las Vegas. The Par-A-Dice riverboat in Illinois and Sams Town in Tunica, Mississippi. Boyd is also developing the Borgata resort in Atlantic City in partnership with Mirage Resorts.
 

19th April  New Orleans  Source: Press release


   The Louisiana Gaming Control Board has released March revenue figures for the New Orleans Harrah's casino. Win was $20.5 million, up slightly on February's result. The casino is operated by Jazz Casino Company and managed by Harrah's who themselves part own Jazz. The casino employs in the region of 3,000 people and New Orleans parish benefits to the tune of $100 million annually in direct taxes from the operation.
 

18th April  Glendale, California  Source: Reuters/Press release


   The takeover of Pinnacle Entertainment (that was a few months ago known as Hollywood Park Inc.) by Harveys Casino Resorts has been announced with the signing of a definate agreement between the companies. The newly formed PH Casino Resorts will result from the payment of $24 per Pinnacle share by privately owned Harveys. Including the assumption of debt the deal is valued at $1.3 billion.
    The merger will create a company with 10 casinos in 5 US juristictions, two of which are presently up for sale by Pinnacle to Penn National Gaming Inc. There are also 2 casinos in Argentina that are run under the Casino Magic brand.
 

14th April  Missouri  Source: Dow Jones


   On 11th April the Missouri Gaming Commission announced that the 10 riverboats in the state had revenues of $90 million up 22% over the $73.8 million achieved in 1999.
Admissions were up 28% to 4.3 million giving gaming win per pax of $21.
Missouri Casinos' March Gaming Win Rose 22% To $90.1M
 

14th April  Atlantic City  Source: Dow Jones/NJ Casino Control Commission


    Revenues from the 12 casinos in Atlantic City for March were $361 million. This represents an 8% rise from the $334 million recorded in 1999. Slots continue to dominate the bottom line with a win of $262.7 million (72.7%) Table games win was $98.5 (27.3%).
    Harrah's showed a win of $35.4 million up 20% on 1999, of which almost 85% came from the slot department.
N.J. Casinos March Gaming Revenue $361.2M Vs $334.7M
 

13th April  Las Vegas  Source: Press release


   The Venetian privately owned by Las Vegas Sands Inc. has reported gross revenues of $177 million for the first quarter. Casino win totalled $96 million of which table games made $70 million on a drop of $294 million, a hold of 24%. Hotel occupancy averaged 94% at an average room rate of $181 per night.
 

13th April  Las Vegas  Source: Press release


   Shuffle Master Inc. has announced that its PC based slot Press Your Luck™ has been approved for trials by the Nevada Gaming Control Board. Ten of the machines have been installed at the Excalibur with the trial expected to last 60 to 90 days. The Press your Luck™ theme is taken from a 1980's television series and was debuted at the 1999 World Gaming Congress & Expo.
 

13th April  Las Vegas  Source: Press release


   Las Vegas based casino equipment manufacturer Paul-Son Gaming Corporation has announced turnover of $6.33 million for the first three months of 2000 slightly up on the same period in 1999. Earnings per share after all costs and expenses was $0.03 for the period. Paul-Son has its main manufacturing facilities in San Luis, Mexico.
 

11th April  Las Vegas  Source: Press release


   Station Casinos Inc. have announced record revenues for the 11th consecutive quarter. Revenues for the company were $255 million for the first 3 months of 2000 an increase of 11% over the same period in 1999. Earnings per share standing at $0.53 cents for the 3 months.
    The company operates 5 "locals" casinos in Las Vegas and Henderson, Nevada and 2 riverboats in St. Charles and Kansas City, Missouri. Revenues from casino operations in the two states were $160 million $82 million respectively.
 

11th April  Nevada & Chicago  Source: Press release


   Williams Gaming Inc. has announced that it has received approval from the Nevada Gaming Commission for the introduction of MONOPOLY™ Movers & Shakers®. The company expects placement of the machines to commence shortly. The game is a nine line, five-reel video slot and is the sixth model of machines utilizing the MONOPOLY theme that Williams has under exclusive license from Hasbro Inc.
WMS Gaming's Monopoly Movers & Shakers Participation Game Approved for Sale in Nevada
 

9th April  New York   Source: Bergen Record/AP/Reuters


   The push to legalise casinos in the Catskill Mountains, North West of New York has made progress with the federal recognition of the St. Regis Mohawk Indians. The tribe wish New York State to place the Monticello raceway in trust so that they can then build a $500 million casino. The tribes partners in the programme are Alpha Hospitality who are the proposed managers of the property that could have a 160,000 sq.ft. gaming floor with 3,000 video lottery terminals and 200 tables.
Big M may feel pinch from Monticello casino
 

7th April  New Jersey   Source: NJCCC/Dow Jones


    The New Jersey Casino Control Commission have released annual results for the 12 Atlantic City casinos. Revenues were $4.5 billion in 1999 up 2.4% over 1998's results. Hotel occupany rates averaged 91.3% for the year up 2.3% on 1998. Bally's Park Place had operating profits of $166 million and Harrah's $130 million. The later showing an year on year increase of 21%.
 

7th April  Las Vegas   Source: Press release


   MGM Grand have announced some boardroom changes including the return of J. Terrance Lanni in a full time capacity. He will continue as Chairman of the Board of Directors of MGM Grand and Chairman of its Executive Committee.  Robert H. Baldwin will become President and Chief Executive Officer of Mirage Resorts, subject to the  the acquisition being completed.
 

6th April  Las Vegas   Source: Press release


   Mikohn Gaming have released an upbeat forecast for the company during the rest of 2000. Some details on the Yahtzee™ slots include that the company now has 1,215 machines on signed contracts with a currently installed base of 560. The number of installations increasing by 50 units per week. Each 1000 machines sited also being calculated to add 50 cents to earnings per share.
 

6th April  Las Vegas/Mississippi  Source: Press release


   Shuffle Master have announced an order of 40 shuffling machines from the Silver Star Resort & Casino in Mississippi. An order worth in the region of $450,000. Operated by the Mississippi Band of Choctaw Indians the machines will be placed on each of the properties tables. The company also announced that Gaming Laboratories International (GLI) have approved the King™ multi-deck shuffler. The Ace™ is the single deck model.
 

5th April  Detroit   Source: Detroit Free Press


   The Detroit Free Press detailed on the 29th March the delays surrounding the opening of the Greektown Casino. Presently owned 50% by the The Sault Ste. Marie Tribe of Chippewa Indians and 10% by a group of "black Detroiters" the problems concern the remaining 40%.
    Licensing troubles have resulted in the individuals concerned being required to sell their stake. The DFP goes on to detail who the likely bidders are and when if ever the property will open for business. Detroit City expects to have received most of the budgeted $51.5 million in taxes by June even with only 2 of the 3 casinos open.
Greektown Casino faces more delays
 

5th April  Indiana Source: Dow Jones/IGC


   The Indiana Gaming Commission have released February results for the nine riverboats in the state. Revenues were $144.8 million in February a 3.1% rise from February 1999. The increase came despite admissions falling almost 15% to 2.9 million. Combined average daily admissions for the boats translating to approximately 100,000 per day. Win per pax being slightly under $50.
Indiana Casinos Feb. Gross Winnings $144.8 Million Versus $127.1 Million
 

4th April  Lake Tahoe  Source: Press release


   Harvey's Casino Resorts that operates 4 properties most notably Harveys Casino & Resort in Lake Tahoe has reported revenues of $109 million for the three months ended February 29th. This according to the press release is the strongest quarter that the privately owned company has achieved since its founding in 1944.
 

4th April  Iowa  Source: Dow Jones/Excite News


    The Iowa Racing and Gaming Commission has released figures showing that the 10 riverboats in the state have recorded a 22.5% rise in revenues for February 2000 compared with 1999's results. Total revenues for the month were $51.8 million and an average daily win per slot of $173.
Iowa Casinos Feb. Adjusted Gross Revenue $51.8 Million Versus $42.3 Million
 

4th April  Nevada  Source: Press release


   The third edition of Nevada Gaming Law published by the Law firm of Lionel Sawyer & Collins is now available. Edited by Anthony Cabot the book covers the history and legal analysis of Nevada's control of casino gaming. Other notable titles authored or edited by Mr Cabot include Federal Gambling Law, International Casino Law and The Internet Gambling Report.
 

2nd April  New Jersey  Source: Press release


   Casino Careers have announced that the Belterra Resort and Casino, a division of Pinnacle Entertainment Inc. has signed up as a Corporate Member to access the companies database of casino personnel who have posted their CV's online. The company has over 65 casino operators, cruise lines and other clients signed up for the service to help solve their industry recruitment needs.
 

1st April  San Diego  Source: Press release


    International Thunderbird Corp. have released 1999 results that show a 19% rise in revenues to $17.7 million. Profit for the year was $812,000 against a loss of $11.28 million in 1998. The company has operations in in British Columbia, California, Guatemala and Venezuela and recently entered into a contract with Cryptologic to provide software for an online casino targeting the latin American market.
Thunderbird announces 1999 year end results