North America News - Page 1197

A selection of news and views from inside the industry this week.

The partnership that is planning a condominium and resort on a U-shaped 8.5-acre parcel near the Jockey Club has announced new details, including the name of the project.

Caesars Entertainment Inc. has agreed to sell off a second casino to private hotel chain Columbia Sussex Corp. in advance of its acquisition by Harrah's Entertainment Inc.

News Brief: The P.E.I. government has fast-tracked the Atlantic Lottery Corporation's ownership of the Charlottetown Driving Park.

Jimmy Pine is an animated, stocky former singer with a vague resemblance to Tom Jones and a propensity to gamble.

News Brief: Southeast Indiana's three riverboat casinos generated $62.3 million in total revenue in October, reversing a two-month revenue slide, according to figures released today by the Indiana Gaming Commission.

The Mohegan Tribal Gaming Authority, the operators of Mohegan Sun, announced today that Robert Soper has been designated to become President and Chief Executive Officer of Pocono Downs and five Pennsylvania off-track wagering operations.

Off-track bettors get their first sight of new Evangeline Downs Racetrack and Casino today.

News Brief: Churchill Downs Inc. may be able to install up to 700 slot machines at Fair Grounds Race Course, but the track's slots parlor will be competing in a saturated casino state.

Since no one correctly matched all six numbers in Saturday's drawing the jackpot will grow to an estimated $95 million.

One ticket matched all six Mega Millions numbers in the Friday, November 19, 2004 drawing, and now players in New York City, New York are checking their tickets to see if they are the newest winner of an estimated $149 million jackpot.

Caesars Entertainment has entered into a definitive agreement to sell its Caesars Tahoe casino resort to an affiliate of Columbia Sussex Corporation for approximately $45 million.

With the Sun now in Jupiter ruled Sagittarius, the last month of 2004 has begun.

A third meeting between a federal mediator and representatives of the Mandalay Resort Group and the International Union of Operating Engineers Local 501 is expected to take place after Thanksgiving in an effort to resolve a months-long contract dispute.

What was once one of the year's most-discussed local controversies ended with nary a whimper Thursday when the Nevada Gaming Commission unanimously reached a $100,000 settlement with Las Vegas' Hard Rock Hotel.

Standard & Poor's Ratings has raised its corporate and senior secured bank debt ratings for Wynn Resorts Ltd. and its subsidiary Wynn Las Vegas LLC to B+ from B based on higher performance expectations for Steve Wynn's upcoming Las Vegas resort, which is anticipated to open in April.

News Brief: Blockbuster business at Borgata paced the gaming industry to solid results in the critical third quarter.

News Brief: An Oklahoma Horse Racing Commission committee plans to have draft rules for governing gaming machines at horse racetracks ready by next month's meeting, officials say.

Rudy Schiffer discusses the kind of effort that goes in to the World Poker Open and the problems that accompany the WPO's growing popularity.

News Brief: According to Donald Trump, the French Lick casino development is on schedule despite the expectation of bankruptcy for his casino operations.