Casino and Gambling NewsUS Casino Magazine Directory - Return to Casino News Menu Palace Casino Resort in Biloxi, Mississippi to Upgrade Its Legacy IGS System to the IGT Advantage(TM) Casino System The NexGen(R) displays, combined with the power of Bonusing, give the Palace Casino a distinctive edge in the highly competitive Gulf Coast market. "The Palace Casino Resort has long relied on system technology from IGT Systems. We are excited about upgrading our floor and our marketing programs to utilize the Bonusing tools offered by IGT," said Keith Crosby, General Manager of Palace Casino Resort. "Our Player's Club has consistently helped us maintain loyal customers over the years. Now with the latest technology tools from IGT Systems, we plan on further differentiating our Company by offering uniquely branded promotions and loyalty-building incentives to our customers." "We are thrilled to keep Palace Casino Resort as one of our premier customers and are eager to empower their management team with the tools required to successfully compete in their market," said Richard Schneider, President of IGT Systems. "We always stand behind our products and continue to evolve our technology offering to match the needs of our customers. The Palace Casino Resort continues to be our technology partner, and we'll continue to work closely with them to meet their market, cost, and profit goals." The upgrade also includes slot accounting, patron management, cage and table games accounting, credit and collections, table ratings and several system interfaces including point-of-sale and property management systems. IGT Systems offers a full suite of gaming products and software designed to enable operators to attract and retain loyal customers, improve operations, and increase their bottom line. "Whether our customer's needs are for coinless technology, enhanced marketing, loyalty promotions, table games management, or accounting, IGT Systems has the solution," added Schneider. Statements in this release, which are not historical facts, are "forward looking" statements under the Private Securities Litigation Reform Act of 1995. Although IGT believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT does not intend, and undertakes no obligation, to update forward-looking statements to reflect future events or circumstances. Information on risks and factors that could affect IGT's business and financial results are included in our public filings made with the Securities and Exchange Commission. IGT (http://www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products. Palace Casino Resort, owned by Robert and Lawana Low of Springfield, MO, is a Four Diamond Hotel and 24-hour Casino. The resort is located in Biloxi, along the beautiful Mississippi Gulf Coast and offers a magnificent view of the Biloxi Back Bay and the Gulf of Mexico. The resort has luxurious accommodations, which include: a lavish resort hotel with 236 rooms, a 43,500 square foot casino, five restaurants, full service spa and salon, gift shop, SportsZone with giant video walls broadcasting sports on over 50 HDTVs, Z the Gulf Coast's hottest nightclub, a fabulous pool and award-winning marina. The hotel rooms are stylish and extensive, offering free Internet access, Web TV, video games, and in-room movie rentals. At the Palace Casino Resort the gaming is unmatched, the service is extraordinary, and the experience is unforgettable! 1-800-PALACE-9 SOURCE IGT New Casino Planned for Reno, Nevada Station Casinos has agreed to purchase a second land parcel in Reno near the site of a planned open-air retail complex Las Vegas Review-Journal (KRT) via NewsEdge Corporation : May 27th, 2005 - Station Casinos announced Wednesday it has agreed to purchase a second land parcel in Reno near the site of a planned open-air retail complex. The Las Vegas-based casino operator said it will build a casino complex on the location. No timetable was given for the project, and the company did not reveal a sale price for the 50-acre site, which is on the southeast corner of the Mount Rose Highway and Interstate 395 in southern Reno. The company is spending just less than $1 billion in Las Vegas to build the $800 million Red Rock Station in Summerlin and make $190 million in capital improvements to two of its existing casinos. It is also planning to unveil a development project on a 58-acre site near Tropicana Boulevard just west of Interstate 15 later this year. "We will build a regional gaming and entertainment resort in Reno, but we haven't drawn up plans for the site," Station Casinos spokeswoman Lesley Pittman said. She said the new complex will be integrated into its environs similar to the way the Green Valley Ranch Station in Henderson is intertwined with the neighboring District, a retail, office and residential complex. The 50-acre Reno site is part of a 200-acre master-planned project that will include the Summit Sierra, an open-air entertainment, retail, office and residential development. The 650,000-square-foot retail component is under construction and expected to open in March. It includes retailers such as Dillard's and Williams-Sonoma, and a Century Theatres cinema complex. "Station Casinos will bring an important element to the site, and we think this will be a tremendous enhancement to the Reno market," said Jeffrey Bayer, president of Bayer Properties, whose company is developing Summit Sierra and agreed to sell that portion of the land to the casino operator. Station Casinos recently purchased a 96-acre parcel in Reno, which is a relatively short distance from the company's newest site. Station Casinos is entering the Reno market at a time when gaming results are lagging behind the rest of the state. In March, the most recent monthly gaming revenues reported by Nevada casino regulators, Reno was the only jurisdiction in the state that reported a decrease in total gaming win, with casinos in the city collecting $62.5 million from gamblers in the month, a 1.56 percent drop from $63.5 million the previous year. Washoe County in March reported a monthly gaming win of $86.3 million, up 0.67 percent from the $85.7 million won in March 2004. Pittman said that Reno's population is significantly growing, with Washoe County up 33 percent over the past decade. Much of that increase is centered in the southern Reno region. Unemployment in Reno is 3.6 percent, compared with 4 percent in Las Vegas. Job growth in Reno over the past two months has been as high as 4.9 percent. "We believe the Reno market desires a project of this type, and we think a facility similar to the Green Valley Ranch Station would have significant regional appeal," Pittman said. Bayer, who expects the Station Casinos project to be open by 2007, also believes the Reno gaming market is underserved and a casino element would enhance the project's overall offering. "The city's population is moving south, and there is an affluent population from California relocating to that area of Reno," Bayer said. "There hasn't been a new casino opened in Reno in some time, so we think this will add considerably to our master plan." Station Casinos shares fell $1.10, or 1.71 percent, Wednesday to close $63.15. Deutsche Bank gaming analyst Marc Falcone said Station Casinos' move into Reno is another growth vehicle for the company, which has five potential gaming development sites around the Las Vegas Valley. Falcone said he would expect Station Casinos to roll out expansion plans for Northern Nevada by the end of the year. "The Reno market lacks a quality locals property similar to Station Casinos' properties in Las Vegas," Falcone said. "We believe this type of land purchase is consistent with the company's historical track record of securing valuable and desirable land in a favorable supply and demand environment."
MACAU, June 1 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM - News) -- At a ceremony held Wednesday morning in Macau, MGM Grand Paradise, the international partnership of Pansy Ho and MGM MIRAGE, officially launched construction on its joint venture MGM Grand Macau, which on opening in the second half of 2007 will take the Macau gaming industry to a new level. The MGM Grand Macau hotel tower will be a unique structure located on a prime waterfront site in Macau's central Nam Van gaming district. The 600-room resort hotel will rise 28-floors into the sky and as the shimmering glass of the building reflects the South China Sea, the shape of the building itself will reflect the rolling swell of the ocean surf. Separated into three distinct horizontal segments as it rises, the exterior walls curve rhythmically like waves in the ocean. The resort will feature a signature atrium which will be the focus of the resort. The casino will feature 300 table games and 1,000 slots with room for significant expansion. Other features planned at the new Macau resort include a luxurious spa, convertible convention space, entertainment facilities, and a variety of dining destinations. Total project cost is set at $975 million, including land, subconcession fees, pre-opening and capitalized interest. Project completion is expected in the second half of 2007. MGM Grand Paradise, the developer and operator of MGM Grand Macau, is owned 50/50 by Pansy Ho Chiu-King and MGM MIRAGE under a subconcession approved by the government of Macau S.A.R. Pansy Ho is Managing Director of MGM Grand Paradise; Terry Lanni is its Chairman. Ms. Ho also serves as Managing Director of Shun Tak Holdings Limited, Chairman of Macau Tower Convention & Entertainment Centre and Executive Director of Air Macau Company Limited. MGM MIRAGE (NYSE: MGM - News), the world's leading and most respected hotel and gaming company, owns and operates 24 properties located in Nevada, Mississippi and Michigan, and has investments in three other properties in Nevada, New Jersey, and the United Kingdom. MGM MIRAGE has also announced plans to develop Project CityCenter, a multi-billion dollar fixed-use urban development project in the heart of Las Vegas and has a 50 percent interest in the MGM Grand Macau hotel/casino under construction in Macau S.A.R. MGM MIRAGE supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its properties. MGM MIRAGE also has been the recipient of numerous awards and recognitions for its industry-leading Diversity Initiative and its community philanthropy programs. For more information about MGM MIRAGE, please visit the company's website at www.mgmmirage.com. Statements in this release which are not historical facts are "forward looking" statements and "safe harbor statements" Under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the company's public filings with the Securities and Exchange Commission. SEO Consultants | Home Medical Classifieds | Auto Racing | RVs and Motor Homes | Photography Classifieds | Restaurant Equipment Classifieds | Vending Machines | Auto Repair Classifieds | Go Kart Racing | Free Magazine Subscriptions | Make Quick Easy Honey | Links | Casino News | |