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Online Casino News for Wednesday - March 19, 2003

More Online Casino News
• Governor proposes state lottery to Senate committee
• Online-gambling ban receives support in Senate
• Park Place Casino operator selling notes
• Former Aladdin hotel-casino executive breaks his silence
• Regulators examine trading work cards for casino registration
• Furst Gamble For Place In Movie Biz
• Security increased behind the scenes in Nevada
• American native tribes fall under different regulations
• Sizzle brings in the bucks: Hooters turns 20
• Gateway Casinos: The 'Fund' reveals February 2003 distribution
• Illegal Online Gambling Thriving
• Legislators Against Online Gambling Tax Bill
Online Casino News
Park Place Casino operator selling notes - 2003-03-19
Park Place Entertainment Corp. of Las Vegas, the principal U.S. casino company, will be selling $300 million of 10-year notes, people aware of the sale notified Bloomberg News.

Park Place will use the funds accumulated through the sale to pay bank debt, sources reported. Bank of America Corp. and Deutsche Bank AG are managing the sale.
Read the full story at Las Vegas Sun
 
Former Aladdin hotel-casino executive breaks his silence - 2003-03-19
One-time Aladdin Chief Executive Richard Goeglein were aware that the $1.2 billion hotel was in trouble before launching. He knew that when he watched the casino floor being built 9 feet above the Las Vegas Strip sidewalk level -- a creative oddity that dissuaded tourists from entering.

"And he said, 'Oh, that's the casino.' And I said, 'No, no, no, that can't be the casino.' And he said, 'I swear to you it's the casino.'
Read the full story at at Las Vegas Sun
 







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