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Online Casino News for Friday - March 5, 2004

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Online Casino News
Calif. tribe plan casino, require state agreement - 2004-03-05
Station Casinos Inc. stated on Friday that it had struck an agreement with a tribe in central California to construct a casino project worth some $225 million once the tribe bargains a gambling contract with the state and takes control of property held in trust by federal officials.

Station and the North Fork Rancheria of Mono Indians, a federally acknowledged group, plan to establish the gambling hall close to the town of Madera, which is roughly 25 miles north of Fresno and 130 miles east of San Jose.
Read the full story at IWon - Money
 
Rosemont, Ill., Casino Company Authorizes Lease - 2004-03-05
Isle of Capri Casinos Inc. agreed Thursday to pay over $4.7 million annually to lease a casino site and parking garage from Rosemont, hitting an agreement the company anticipates will increase the value of its bid for the state's last available casino license.

The deal calls for Isle of Capri to pay over $1.5 million a year to lease the casino land, with the approximate amount depending on the total of land the company needs.
Read the full story at Hotel Online
 







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