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July 1999
North America

29th July    Detroit  Source: Various
    The first of the three Detroit temporary casinos opened on the 29th July. The operators MGM Grand Detroit and local investors have stolen a huge march on their competitors by getting open, only days after the Barden challenge in the courts, concerning the licensing procedures had failed.
    The MGM property has opened with 2,370 slots and 83 tables and is expected to create 2,700 jobs and have in the order of 10,000 visitors per day. The casino is in a renovated Internal Revenue Service building on the western fringe of downtown, close to a freeway and the Joe Louis Arena.
    When all three temporary casinos are fully in operation around 11,000 jobs will have been created, roughly the same as GM employs in the city.
    Detroit area gamblers have for the last few years been making the short trip into Canada to play at Casino Windsor, which now is expected to see a great fall off in the drop and number of visitors.
    The Detroit market is expected to be $1.5 billion per annum. That would put the area into number 4 spot behind Las Vegas, Atlantic City and Mississippi.
AP/Yahoo. Detroit Casino Ready to Roll
 

22th July    Las Vegas  Source: Press release


    Americas 2 largest slot manufacturers have potentialy become engaged in a new struggle off the gaming floor
    Alliance Gaming Corp through its subsidiary Bally Gaming, Inc., has filed an antitrust lawsuit in the United States District Court for the District of New Jersey against International Game Technology.
    The suit charges that provisions in IGT's contract with Atlantic City casinos bar the casinos from using progressive systems from IGT's competitors, thereby preserving IGT's monopoly in the lucrative Atlantic City progressive
market.  The suit alleges the restrictive provisions have frustrated Bally's efforts to
launch its Thrillions(tm) wide-area progressive system in Atlantic City.
 

22th July    Las Vegas  Source: Press release


Mikohn developes new table game based on Monopoly
  The Monopoly Poker(TM) casino game is expected to debut in casinos later this year. It has been developed under licence  from worldwide family entertainment industry leader Hasbro, Inc
    The game, dealt on a blackjack style table, is based on a unique deck of 50 Monopoly Poker(TM) playing cards. By accumulating railroads, utilities or color groups, players may win up to 125 times their wager. For an additional $1 wager, players may win all or part of a progressive jackpot, a feature utilizing Mikohn's patented bonusing technology.
 

21st July    New Jersey  Source: Press release


Council on Compulsive Gambling of New Jersey, Inc.
    Persons calling the compulsive gambling helpline are for the first time reporting average gambling debts which exceed their annual incomes.
   In 1998, the 25,038 calls to the 1-800-GAMBLER(TM) Helpline reported average gambling debts of $38,030 and average annual income of $36,134. One year earlier, data from 23,606 calls showed annual income exceeding gambling debt by more than $5,100.
 

21st July 


    The middle of July sees the posting of second quarter results for American gaming companies. Whilst most of the reports contain material not of two much interest from a Casino gaming prospective they are useful sources of information regarding new openings and industry trends, also which destinations are performing well and popular with the public.
    Click on the company to be taken to their report in the financial sections of Yahoo. News from that company can then also be accessed by a link contained in the report.
 

20th July    Memphis  Source: Press release


Harrahs to sell Showboat
    Harrah's Entertainment announced today that it had reached agreement with VSS Enterprises, LLC to sell the Showboat Las Vegas Hotel, Casino and Bowling Center.
    Located on the northern end of the Boulder strip the Showboat offers a full-service, Mardi Gras-themed hotel with 447 hotel rooms, 80,000 square feet of casino space, four restaurants, a showroom, 8,300 square feet of convention/banquet space, and America's largest bowling center.
 

15th July    Las Vegas  Source: Press release


    MGM Grand has also recorded record second quarter earnings with net revenues of $319 million up 72% on 1998. Some of the key stats from the report are as follows.
    Casino revenues at the MGM Grand (City of Entertainment) were $191 million an 18% rise due to increased slot and table play as well as good hold figures. Non Baccarat table drop increased 12%. The daily room rate for the property averaged $100 dollars and the 5005 rooms were almost sold out during the period.
    At New York - New York net revenues were $54 million in line with the same period in 1998. Hotel occupancy again being almost sold out at 99.3%.
    In Australia the MGM Grand Darwin contributed $3.2 million. South Africa now beginning to come on strong chipped in $2.7 million from management and development fees of the temporary casino in Johannesburg. With the companies partners in SA paying all project costs, MGM is naturaly looking for new licence opportunities with its partners.
    Expences incurred for the quarter included $14 million of charges for the proposed Detroit temporary casino.
    Earnings per share for the period increased from 25 cents to 52 cents the share price currently standing at $48.
 

15th July    Las Vegas  Source: Press release


    Station Casinos reported net revenues for the second quarter ended June 30, 1999, of $235.4 million, a 14 percent increase over the prior year's quarter.
    Nevada operations reported record net revenues increasing 12 percent to $147.3 million from $131.6 million in the prior year's quarter. The Company's Missouri operations also reported solid net revenues increasing 11 percent from the prior year's quarter to $77.0 million.
 

9th July    Atlantic City  Source: AP


    Donald Trump, said Friday he will demolish Trump World's Fair casino and build a new casino on the 12-acre Boardwalk site next to Convention Hall.
    Trump World's Fair, a 21-story building that was built as a Playboy casino and taken over by Trump in 1989, will be closed in the fall to prepare for demolition.
 

7th July    Colorado  Source: Press Release


    The Colorado Limited Gaming Commission has approved a reduction in taxes for casinos in the state and the elimination of fees on gaming devices as well as table games.
    Due to the growth in the gaming revenues in the state of Colorado, led by the
casinos in the Black Hawk area, the Colorado Limited Gaming Commission expects the state of Colorado to generate the same tax revenues as last year, even with the lower taxes and elimination of device fees.
    For the first time ever, the casinos in Black Hawk generated gaming win which topped the $30 million mark, breaking the old record set in March 1999.
    Since 1991, the Colorado gaming industry has grown to more than $500 million in annual revenues. Black Hawk, which accounts for more than half of the state's gaming activity, was approximately $56 million in 1991 and is expected to exceed
$300 million in 1999. The Black Hawk market has 19 existing gaming facilities of which the Isle of Capri Casino -- Black Hawk is the largest, and the first casino that receives patrons from the Denver market.
 

1st July    Louisiana Source: AP.


Louisiana Shuts Down Video Poker
  Nearly one-third of Louisiana's 15,000 video poker machines were turned off on Thursday.
    Voters in 33 Louisiana parishes voted 21/2 years ago to get rid of the machines, which are set up at truck stops, bars, racetracks, casinos and other locations. Thirty-one parishes voted to keep them.