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Online Casino News for Friday - March 5, 2004

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Online Casino News
Merrill Maintains 'Buy' on Argosy Gaming - 2004-03-05
Analyst David Anders claims performance at the Lawrenceburg riverboat casino in January (gaming revenue rose 17%) ran well ahead of his estimates, and he believes the trend sustained through February. For 2004, he had modeled in 2% same-casino revenue growth, which now is modified upward to 6%.

In addition, Anders states the newly remodeled and expanded Kansas City riverboat has been running ahead of his calculations.
Read the full story at BusinessWeek Online Investing
 
Harrah's New Orleans Casino Intends Tower for Highrollers - 2004-03-05
Harrah's New Orleans Casino, which is one of the few casinos in the country that does not boast an adjoining hotel, will have a place to house its highrollers by 2006. The gaming company gained authorization from its board to start construction on a $142 million, 450-room hotel tower downtown.

"Harrah's is the only casino allowed in Downtown by law, and casino guests have had to stay in other hotels, " clarified Kim Priez, vice president of tourism at the New Orleans Visitors & Conventions Bureau.
Read the full story at Commercial Property News
 







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