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November 1999
North America

29th November  New York   Source: Press release
   
Trans World Gaming has announced that they are hopeful that changes in gaming legislation in the Aragon region of Spain will allow them to move their Casino Montesblancos to central Zaragoza.
    The company owns and operates three casinos in Europe and is preparing the opening of its fourth casino in January 2000.
Trans World Gaming Poised to Benefit From Spain's Proposed Gaming Law Changes
 

29th November  Horsham, Pa   Source: Press release


    The National Fraud Center, Inc. (NFC) announced today that it is joining forces with the internationally recognized consulting firm Spectrum Gaming Group to help governments and gaming companies regulate gambling on the Internet.
    With the rapid increase in internet usage and growth of online commerce, Governments so far have seemingly been pulling in different directions with regard to online gaming. The present situation leaving the potential customer with little information about the companies involved or the legality of transactions.
National Fraud Center Joining Forces With Spectrum Gaming Group to Help Regulate Internet Gaming
 

24th November  Connecticut   Source: Dow Jones


    October slot figures for the two Connecticut Indian casinos have been announced by the Connecticut Division of Special Revenue and reveal a monthly win of $109 million.
    Foxwoods slot win was $65.7 million, the Mohegan Sun was $43.2 million. Average daily win per machine was $360 and $460 respectively. Sun International Hotels has a 50% management stake in the Mohegan Sun.
 

24th November  Baton Rouge, Louisiana   Source: Yahoo News


Casino Licenses in Jeopardy - The Louisiana Gaming Control Board has subpoenaed four former company officials of Players International which operates two riverboat casinos in Lake Charles.
 

24th November  Las Vegas   Source: Detroit News


    The Las Vegas Mirage celebrated its 10th anniversary on 22nd November. Costing $630 million and requiring revenues of $1 million per day to break even. In the first year the resort generated revenues of $720.5 million, averaging nearly $2 million daily.
    Visitor volume to Las Vegas has jumped from 18.1 million in 1989 to a projected 32.3 million this year. Visitors are expected to pump $24.6 billion into the cities economy in 1999, more than double the $11.9 billion in 1989.
 

23rd November  Los Angeles   Source:Chicago Sun Herald


Web bettors pin losses on banks
    Cynthia Haines the woman who lost $115,000 gambling online using Visa and Mastercard last month had her online debts cancelled along with a $225,000 lawyers bill. Bolstered by old laws--some dating to the 18th century--that make gambling debts legally uncollectable in all 50 states, bettors such as Haines are going to court to have their online losses cancelled.
 

22nd November  Washington   Source: Dow Jones


Missouri Riverboat Casinos Oct. Gross Receipts Rose 10.5%
  Adjusted gross receipts from the riverboat casinos in Missouri totalled $80.9 million in October 1999, rising 10.5% from $73.2 million in October 1998, while admissions jumped 13.2% to 3.9 million, according to figures provided by the Missouri Gaming Commission.
 

18th November  Detroit, Michigan   Source: Detroit News


   The Detroit News carried a detailed story concerning the delays in licensing for the three city casinos and the cost to the city of the delay.  Although gambling was legalized in November 1996, after three years only the MGM has opened.
    The Motorcity casino is scheduled to open in mid-December. The Greektown group that were instrumental in pushing for legalization will perhaps only be able to open in May due to delays in background checks.
 

17th November  Louisiana   Monthly Gaming results


   The Louisiana State police have released the monthly gross receipts from the 13 riverboats in the State. Gross revenues were $120 million in October an increase of 8.3% from October 1998. Admissions for the month were 2.1 million or an average of 68,0000 per day.
    Win per admission averaged just under $57 up from $54.50 for October 1998. Casino Magic and the Isle of Capri both in Bossier City saw year-on year increases of 27% and 28% increases in gross revenues respectively.
 

17th November  Iowa  Source: Press release 


   Ameristar Casinos will be celebrating on November 22nd the opening of the third deck on their Iowa riverboat Ameristar II. The ship will be the largest in the market having over 1,800 gaming positions, 51 tables and 1,446 slots. Work on the new deck carried on whilst the riverboat was still open for gaming.
 

16th November  Michigan  Source: Press release


   The Bay Mills Indian community has proposed to the Pontiac City Council that it would be interested in building a casino at the Pontiac Silverdome that would potentially provide 3,000 jobs.
    The tribe say that they would provide a minnimum payment of $30 milion annually to the city or 2% of gaming revenue - which ever is higher. Under the deal, the tribe would purhase 30 acres of the Silverdome site from the settlement of a land claim, where tribal land was improperly sold in the 1800's.
 

11th November  Reno, Nevada  Source: Press release 


   IGT has revealed its fourth quarter and end of year results. Total revenues for the year were $930 million up from $824 million. For the fourth quarter the company registered a loss of $40 million due to costs associated with the acquisition of Australia's Olympic Amusements.
    The company has over 15,000 machines operating on its MegaJackpots systems platform. IT also sold 24,300 machines world-wide in the fourth quarter and 116,000 machines during the year. International sales at 74,900 machines accounted for 65% of the total. 30 new games were unveiled to the public during the WGCE in September.
 

9th November  Las Vegas   Source: Press release 


Acres Gaming Receives Approval for Wizard Slot Accounting System
    Acres Gaming has announced that its Wizardô slot accounting system has been approved by the Nevada Gaming Control Board.
   Wizard has been in use at Mandalay Bay since it opened on March 2, 1999. Acres Gaming has also received an order to install Wizard at Mandalay Resort Group's MotorCity Casino in Detroit. The company has headquarters in Las Vegas and has offices in Corvallis, Oregon. Detailed information about Acres products and promotions is available at www.acresgaming.com.
 

8th November  Las Vegas   Source: Press release 


   Boyd Gaming Corp. has received approval from the Indiana Gaming Commission for the acquisition of the riverboat Blue Chip Casino located in Michigan City, Indiana.
    The deal is reported to be for $255 million in cash including hotel and parking facilities. The company presently operates 11 casinos in Nevada, Mississippi, Illinois and Louisiana. Through a joint venture with Mirage Resorts  Incorporated, Boyd is also developing a $750 million casino resort in Atlantic City.
 

3rd November  New Jersey  Source: Casino Journal 


   Casino Journal Publishing Group have announced the dates and locations of their conferences and trade shows for the year 2000.
    The five events start with the American Gaming, Lodging and Leisure Summit on the 9th and 10th February. This will be jointly held at the Venetian and Paris Las Vegas.
    On March 8th in the Atlantic City Convention Center is to be found the Greater Atlantic City Chamber of Commerce Expo.
    The Mississippi Coast Convention Center is the venue for the Southern Gaming Summit on the 10th and 11th May. This is the largest gaming trade show outside Las Vegas and is apparently the exhibition space is already sold out.
  UNLV's Casino Ops will have keynote speakers and panelists and gives gaming personnel an opportunity to network and further their careers. The event to be held at The Resort at Summerlin, Las Vegas on the 12th and 13th June.
    CJPG's final show of the year is the Northern Gaming Summit. This will be held at the Cobo Conference Center in Detroit on September 12th and 13th. It is believed that all three casinos will be open in the city by the time of the show. The area being forecasted to become the 4th most important gaming jurisdiction in the country.
    For exhibiting or sponsorship information about any CJPG conference or
trade show, call 1-800-877-7176. For information on attending these events
or the agenda, call 1-800-394-2467.
 

2nd November  New Orleans  Source: Various


   The Harrahs New Orleans Casino opened its doors on October 28th. The property in the center of the downtown area close to the French Quarter was bought out of bankrupcy in October 1998 by JCC holdings.
    The casino will be operated by its subsiduary, Jazz Casino Company. A management contract has been undertaken by Harrahs and the casino will trade under their name.
 

1st November  Connecticut  Source: Press release


    The Mohegan Tribal Gaming Authority has announced net revenues for its Conecticut casino the Mohegan Sun of $185 million an increase of 17% over the same 3 month period in 1998.
    Slot revenue totaled $135 million or 73% of the total. Win per slot per day came in at a fraction under $500. Total slot revenue for the fiscal year ended September 30th was $475 million. Slot revenue for Connecticut including Foxwoods was $1.2 billion for the year over the same period.