The new Credit Facility of $50 million, which includes a $46 million payoff for the unpaid balance, replaces the original $80 million loan. The amount of the new credit Facility may be increased by a maximum of $30 million on a one-time basis if requested by the Company prior to the second anniversary of the closing date. Read the full story at Yahoo News
Jowell seeks to pacify casino bill critics - 2004-03-01 The culture secretary, Tessa Jowell, yesterday came closer to a consensus with peers and MPs on the need to offer stronger "social responsibility" protection of vulnerable groups when the government issues its bill to relax the laws on gambling.
If the minister responds to pressure it is likely to mean that licences to run the kind of big casinos which the government envisages - from Blackpool and Newcastle in the north to possible London venues such as Olympia at Earl's Court - will be made explicitly dependent on commitments to address issues such as gambling addiction and money laundering. Read the full story at Guardian
