Palace gets into the game - 2004-01-30
A visit to the ESPN Zone in Atlanta gave Palace Casino General Manager Keith Crosby the idea for the Biloxi resort's $15 million development, scheduled to open Sunday.

At the time, Crosby and Palace Casino owner Robert Low were looking for a way to turn a barge that was serving as an entrance to the casino into a money-maker.

"I was talking to the general manager of the ESPN Zone, and he tells me how the whole second floor is taken up by arcade games," Crosby said. "The guy tells me, 'Imagine if the second floor was all slot machines.' Right after that, I called up our owner and said, 'I've got an idea!' "
Read the full story at Biloxi Sun Herald

Caesars reports deepening net losses - 2004-01-30
Net losses at Caesars Entertainment Inc., the recently renamed company that owns Bally's Casino New Orleans, increased to $84 million, or 28 cents per share, in the fourth quarter, after the Las Vegas company devalued two Nevada casinos and revenues dropped at other major casinos.

Those figures compare to a loss of $21 million, or 7 cents a share, in the fourth quarter of 2002.

Excluding a $127 million noncash charge tied to the devaluation of the two casinos and results from a property slated for sale, the company produced adjusted net income of $13 million, or 4 cents per diluted share.
Read the full story at Times Picayune