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Online Casino News for Thursday - January 29, 2004

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Online Casino News
MADISON: Report sees no financial windfall from a casino - 2004-01-29
A deal that would permit the Ho-Chunk Nation to convert a bingo hall into a casino would most likely not result in a financial windfall for the city, according to a new report.

The city's yearly share of Ho-Chunk revenue would probably amount to just enough to cover added police and fire costs, according to the report released Tuesday.

The report from city comptroller Dean Brasser shows the city would need to add a new police beat at a cost of $450,000 to $500,000 a year. The city also would probably need a new fire station at a cost of about $3 million a year.
Read the full story at St. Paul Pioneer Press
 
MGM ‘encouraged,’ coy on plans for A.C. casino - 2004-01-29
Gaming giant MGM Mirage isn't saying it will certainly open a new casino in Atlantic City. It's not saying it certainly won't, either.

Terry Lanni, MGM Mirage's chairman and chief executive officer, said he is encouraged by Gov. James E. McGreevey's new promise not to increase taxes on casinos or push for video slot machines at New Jersey racetracks without first winning the gaming industry's support.

But whether the Las Vegas company will finally build a new casino here remains anyone's guess because Lanni isn't tipping his hand.
Read the full story at Press of Atlantic City
 






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