The Adams Daily Report
Compiled exclusively for Compton Dancer Consulting
Friday, October 31, 2003
World's Largest Slot Tournament
National (Harrah’s) - PRNewswire-FirstCall - More than
260 of the nation's best slot players will gather at Harrah's
Las Vegas on Nov. 3 to compete for $1 million and the
title of National Champion of Slots at the finals of the
ninth annual Harrah's Millionaire Maker. Harrah's
Entertainment, Inc., which operates 25 casinos
nationwide, has been hosting Millionaire Maker
qualifying rounds at its casinos since January, with more
than 10,000 participants vying for the finalist spots. The
slot tournament is the largest in the world and the only
one in the gaming industry to span four nationally known
casino brands - Harrah's, Rio, Harvey's and Showboat.
Harrah's is bringing 262 top qualifiers along with a guest
to Las Vegas for the finals, where one player will win the
$1 million grand prize.
http://biz.yahoo.com/prnews/031031/phf005_1.html
Caesars cuts 80 table jobs
New Jersey (Atlantic City) – Joe Weinert - Caesars
Atlantic City eliminated 80 table-games jobs, the result of
lost business to the new Borgata Hotel Casino & Spa. "In
response to competitive conditions in the Atlantic City
marketplace, Park Place Entertainment is re-evaluating
staffing levels across its Atlantic City properties,"
spokesman Brian Cahill said Thursday. …Caesars is the
sixth casino to cut a batch of jobs since Borgata opened.
http://www.pressofatlanticcity.com/news/businesscasino/103103CAESARSOCT31.html
Trump casinos hit hardest by Borgata
New Jersey (Atlantic City) - While other casinos took
a third-quarter hit from the new Borgata Hotel Casino &
Spa, the Trump casinos took a staggering blow. Cash
flow declined 36 percent at Trump Plaza, 30 percent at
Trump Marina and 26 percent at Trump Taj Mahal,
parent company Trump Hotels & Casino Resorts reported
Thursday.
http://www.pressofatlanticcity.com/news/businesscasino/103103TRUMP3QOCT31.html
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Borgata to keep ‘Pimp’n’Ho’ clean
New Jersey (Atlantic City) – Joe Weinert - State gaming
rules explicitly - and we mean explicitly - prohibit casino
entertainment that includes actual or simulated sex acts
and the exposure of six very private anatomical areas.
With that in mind, Borgata Hotel Casino & Spa tonight
will throw an X-rated "Pimp'n'Ho Halloween Party" for
the public that promises flesh and fantasy. "The Double
X-Rated party you've been waiting for," Borgata boasts.
"Dress as a pimp, ho, or anything else in between."
Joseph Corbo, Borgata's general counsel, said the casino
is guilty of marketing hyperbole, not of violating gaming
regulations.
http://www.pressofatlanticcity.com/news/businesscasino/103103XRATEDBORGATA.html
Workers ratify MGM contract
Michigan (union) - Workers at MGM Grand Casino
have ratified a new four-year contract, union officials
announced late Thursday. The new contract -- approved
by 59 percent of those who voted -- includes pay raises,
enhanced retirement security and no increases in health
insurance premiums, the Detroit Casino Council said in a
written statement.
http://www.lasvegassun.com/sunbin/stories/gaming/2003/oct/31/515804579.ht
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Meeker blames account wagering, casinos
for Hollywood revenue decline
California (racing) - Though Hollywood Park was
Churchill Downs Inc.’s second-biggest earner during the
nine-month period ended September 30, 2003, company
President Tom Meeker said during an analyst conference
call last week that the Inglewood, California, racetrack
"continues to underperform." Net revenues in the
company during the first nine months of 2003 dropped
3.2% from $67.16-million last year to $65.011-million
this year. The company suffered a 12.5% drop during the
third quarter, from $18.674-million last year to $16.34million this year. "Several factors seem to be involved at
Hollywood Park," Meeker said. "First, the growth of
TVG account wagering seems to be pulling fans away
from the racetrack. "Clearly, increased competition by
Native American casinos hurts Hollywood Park and all of
California racing," Meeker continued.
http://www.thoroughbredtimes.com/todaysnews/newsview.asp?recno=39402&
subsec=1
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Antioch rejects gaming proposal
California (Indian gaming) - Jane Ramsey - With a
unanimous vote, the Antioch City Council on Wednesday
night rejected a proposed casino project that had ignited
fierce opposition from residents and nonresidents. With
its vote, the council also rejected putting the proposal of
Indian gaming as an advisory measure on the March
ballot. Emotions ran high as hundreds packed Antioch
High School's Beede Auditorium to oppose further
negotiations between Antioch city officials and delegates
of the Guidiville Band of Pomo Indians. …"We're
obviously disappointed. It's one of the better sites in the
Bay Area," said John Troughton, the tribe's Cushman &
Wakefield broker. Troughton remained confident that the
tribe would find another site. "The sites come to us," he
said.
http://www.bayarea.com/mld/cctimes/news/7148967.htm
Thunder Valley brings in $18M to Station
Casinos
California (Indian gaming) - Station Casinos Inc.,
which manages Thunder Valley Casino for the United
Auburn Indian Community, reports Thursday that
Thunder Valley generated $18.2 million in management
fees for the third quarter. Station's management fees are
based on 24 percent of Thunder Valley's profits.
http://sacramento.bizjournals.com/sacramento/stories/2003/10/27/daily32.html
Thunder Valley launches bingo room
California (Indian gaming) - Thunder Valley Casino,
the $200 million-plus gambling, entertainment and
restaurant complex that opened in June in Placer County,
on Monday opened a 500-seat bingo parlor to join the slot
machines and table games already offered.
http://www.bizjournals.com/sacramento/stories/2003/08/25/daily5.html?jst=s_r
s_hl
Station bullish on gaming plans for RP
California (Indian gaming) - Mary Fricker, Press Democrat Station Casinos Inc., the Las Vegas gaming company that
has partnered with Sonoma County's Federated Indians of
Graton Rancheria to build and manage a casino in
Rohnert Park, said Thursday it is confident the Rohnert
Park project will be developed in spite of local
opposition. "We're making progress on the Rohnert Park
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site.... This site is arguably one of the best in the
country," said Station Casinos' chief financial officer,
Glenn Christenson.
http://www.pressdemo.com/local/casino/31casino.html
Senate panel approves sovereign status for
six Va. tribes
National (recognition) - Associated Press - A Senate
committee has endorsed legislation awarding
sovereign status to six American Indian tribes in
Virginia. The Indian Affairs Committee sent Sen.
George Allen's bill to the full Senate on Wednesday.
The six tribes have about 3,000 members. "I think
this is a big day," said Chief Kenneth F. Adams of
the Upper Mattaponi tribe. "These 3,000 people that
have really been so mistreated by Virginia — to
have the state stand behind us and support this bill,
it's big for us." More than 560 tribes nationwide
have the legal status the Virginia tribes are seeking.
http://home.hamptonroads.com/stories/story.cfm?story=61699&ran=179845
Discounter plans flights between LV,
Dallas
Nevada (Las Vegas) - AirTran Airways, a discount
passenger carrier that currently offers 12 nonstop round
trips a week between McCarran International Airport and
Atlanta, will link Las Vegas and Dallas with a pair of
nonstop round trips early next year.
http://www.lasvegassun.com/sunbin/stories/gaming/2003/oct/31/515804583.ht
ml
£30m deal for Rank's slot machine arm
International (UK) – The Yorkshire company once
known as Kunick has bought the slot-machine business of
leisure giant Rank for £30m. Leeds-based Danoptra
Holdings, the name adopted by the management of
Kunick after they took the business private, leaving the
Stock Exchange in June last year, said the deal for Rank
Leisure Machine Services would increase its games
machine business by 50 per cent. Danoptra has two
businesses, slot-machine operation Gamestec, and
Leisure Connection, which manages local authority
leisure centres as well as national sports operations such
as the National Watersports Centre in Nottingham and the
national sports injury clinic at Lilleshall. Colin Daniels,
chief executive of Danoptra, said that the acquisition of
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the Rank business, which made an operating profit of
£3.1m on turnover of £50m last year, would cement its
position as the second biggest games machine operator in
the UK. Gamestec, which had a turnover of £80m before
the acquisition, is second to Leisurelink, with almost
40,000 machines in the UK.
The Rank business, which has assets of £28.1m, employs
800 people.
http://www.yorkshiretoday.co.uk/ViewArticle2.aspx?SectionID=56&ArticleID
=684545
Yesterday’s News
10-30-03: 'Devastating' losses on Indian reservations
California (Indian gaming) - Chet Barfield, San Diego UnionTribune - More than half of San Diego County's 18 Indian
reservations are threatened or have burned in the region's
wildfires, with some sustaining major damage and at least one
becoming a site of lost lives. … The only one of the region's
casinos that has remained open with full power and services
has been Pala's, near Fallbrook. A few miles east, Pauma's
casino has been operating with generator power and limited
food service since Sunday, as has Campo's Golden Acorn
Casino in the remote East County. Barona reopened its casino
yesterday afternoon with generator power. Viejas was planning
to do the same by tomorrow and Sycuan by the weekend.
http://www.signonsandiego.com/news/uniontrib/thu/news/news_1n30tribal.htm
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10-30-03: 1 Dead, 18 Hurt in Garage Collapse
New Jersey (Atlantic City) – Associated Press - A five-story
section of a parking garage under construction at the Tropicana
Casino and Resort collapsed Thursday, killing one person and
injuring at least 18, officials said. Twelve people were missing.
http://cnn.netscape.cnn.com/news/story.jsp?oldflok=FF-APO1110&idq=/ff/story/0001%2F20031030%2F132691377.htm&sc=1110&floc=
NW_1-T&oldflok=NW_5-L1
This report is complied for Compton Dancer Consulting by
Ken Adams
210 Marsh Avenue, Suite 103, Reno, NV 89509, (775) 322-7722
kenadams@softcom.net
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