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Online Casino News for Friday - January 30, 2004

More Online Casino News
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• Dice on ice: Tribe revokes proposal for hotel
• Committee declines tribes’ slots bid
• Gearing up
• China could be dubbed Las Vegas of Asia
• Panel make request for 2 stadiums
• Landmark Castaways casino shuts down
• Illinois could enter into casino industry
• Gambling on a diminishing tradition
• Results of Mohegan Tribal Gaming Authority Disclose For 2004
• Bidder Proposes Casino To State
• 2 academics: Casino agreement bad
• For bettors, the Super isn't all its cracked up to be
• Mayor's Former Colleague Suspected In Scam
• Registration increases following changes at music school
• Palace Casino jumps into the game
• Gaming business humming
• Coalition forming in oppposition of slots
• Local lawmakers confront faculty's worries
• Taft discusses employment
• Chances of gambling, good or bad in Nebraska
• Texas may proceed with VLTs
Online Casino News
Landmark Castaways casino shuts down - 2004-01-30
The Castaways shut down its casino and hotel Thursday, leaving around 800 employees out of work at the 49-year-old property previously known as the Showboat.

The end of a second historic Las Vegas casino this month followed after creditor Vestin Mortgage, acting under authority of a U.S. Bankruptcy Court order, informed Castaways owner VSS Enterprises it would go on the premises of casino and gather its collateral backing a mortgage loan.
Read the full story at Las Vegas Review-Journal, NV
 
Illinois could enter into casino industry - 2004-01-30
Illinois would be the first state to have a casino if a proposal by a Pennsylvania company for the state's only remaining gaming license wins at an upcoming auction.

The proposal, sources stated, would see Penn National Gaming, which owns Hollywood Casino in Aurora, give upwards of $500 million for the license and sell it back to the state for $1.
Read the full story at Chicago Sun Times, IL
 






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