Page 117: of Maritime Reporter Magazine (June 1994)

Fenco Wins Horseshoe

Fenco, which designs and manu- factures steel cash handling pedes- tals for riverboat casino cashier cages and redemption centers, was awarded the cashier/redemption center casework for the Horseshoe casino vessel in Louisiana. • • rial tun scru-H.i.. third Fenco has gotten in the last six months.

Primarily a supplier of financial institution undercounter (teller line) equipment, Fenco was also selected for Argosy's Alton Belle II and the

MV Scandinavian Dawn. "Designing and building teller line casework for several of the nations largest banks and holding compa- nies for the last 40 years offers a strong sense of security to casino industry buyers," said Matt Lyons,

Fenco's president.

Fenco is currently bidding on two other Argosy Corp. riverboat projects, and at press time was ex- pecting to hear the decision on the projects.

Some product line features in- clude heavy gauge construction, a full unibody welded design where corners and butting seams are welded and ground flush, and a three-step powder coat finish avail- able in 20 colors.

According to Mr. Lyons, indi- vidual designs are capable of being manufactured in 45 days from or- dering time. But there have been times when Fenco has delivered on shorter notice. "We were given 30 days to pro- duce the Alton Belle II and 40 days to produce the Horseshoe, both of which were custom unit orders," said Mr. Lyons.

For additional information on

Fenco products,

Circle 91 on Reader Service Card and video machines. Bally Systems has installed its products in 39 casi- nos and monitors more than 42,000 gaming machines throughout the

U.S. and the Caribbean.

Grand Casinos Begins

Trading On NYSE

Grand Casinos Inc. began trad- ing on the New York Stock Ex- change. The common stock was previously traded on the NASDAQ

National Market System. Grand

Casinos currently has 22.3 million shares outstanding.

In addition to four operating ca- sinos, Grand Casinos and affiliates currently have six additional prop- erties under construction or in de- velopment. These include Tunica

County, Miss.; two in Louisiana; one in California; the Stratosphere

Tower in Las Vegas; and one in

Montreal. Grand Casinos develops and manages casino gaming facili- ties in emerging gaming markets on both Indian and company-owned sites.

Casino Data Systems

Reports Earnings

Casino Data Systems (CDS), a

Las Vegas-based company which designs, manufactures and distrib- utes electronic slot machine ac- counting and player tracking sys- tems to the gaming industry, an- nounced its earnings for the year ended December 31, 1993.

CDS reports net revenues of $11 million, compared with $2 million in 1992. Net income was $3 million, up from about $500,000 last year.

Earnings per share for the year ended Dec. 31,1993 were $.75, com- pared with earnings of $.17 in 1992 based upon weighted average shares outstanding of4,359,000 and 3,525,000, respectively.

The company also announced two new contracts signed with Argosy

Gaming Company for the installa- tion of CDS' OASIS™ System II slot accounting and player tracking sys- tem in 1,800 slot machines on riverboat casinos in Louisiana and

Missouri, depending upon the pro- posed casinos obtaining licenses and approval for operation.

Additionally, CDS has been granted approval to manufacture and distribute its OASIS System II in Mississippi.

Hollywood Casino:

Financial Move To

Build Bigger Boat

Hollywood Casino Corp. an- nounced the filing of a registration statement with the Securities and

Exchange Commission for a public offering of units consisting of First

Mortgage Notes and Warrants to purchase Class A Common Stock for an aggregate amount of $225 million. Proceeds will be used prin- cipally to construct a larger riverboat casino for the Hollywood

Casino in Aurora, 111., subject to the

June, 1994 necessary approvals; to complete construction of the Hollywood Ca- sino in Tunica County, Miss.; to pur- sue future gaming ventures; to re- pay outstanding indebtedness; and for general working capital purposes.

Flayers Intl. Announces $9.3 Million Revenue For

Lake Charles Facility

Players International Inc. an- nounced that its riverboat casino in

Lake Charles, La. generated gam- ing revenues of $9,349,626 in March, versus $8,376,859 in February. For the month of March, passenger count was 95,529, up from 89,842 in Feb- ruary.

Gaming revenues at the company's Metropolis, 111. riverboat casino was $4,141,909 for March, versus $5,835,484 for March 1993, the facilities' first full month of op- eration.

Players International Inc. is a developer and operator of riverboat casinos, owning and operating fa- cilities on the Ohio River in Me- tropolis, 111. and in Lake Charles, La.

Crawford County, Ind.

OKs Riverboat Gaming

Referendum

Casino Magic Corp. announced that voters in Crawford County, Ind. approved a referendum to allow the development of riverboat gaming on the Ohio River in Crawford County.

Casino Magic has an option to lease a site on the Ohio River in Crawford

County, approximately 35 miles west of Louisville, Ky. The referendum was triggered by Casino Magic's ap- plication for a license in February.

Under the Indiana Gaming Act, lo- cal voter approval is required prior to the Indiana Gaming Commission's consideration of a gaming operator's license. The Indiana Gaming Com- mission is permitted to issue five gaming licenses on the Ohio River.

The company plans to file the second part of its gaming license application as soon as the Indiana

Gaming Commission sets a date for the filing. Gaming license approvals in south central Indiana are expected in 1995, although there is no assur- ance the company will receive a li- cense.

Treasure Bay Casino

Grand Opening

Surpasses Projections

Biloxi's 12th casino, Treasure Bay, was extremely successful by the ac- count of Sahara Gaming Corp. Presi- dent Jeff Dahl. The 400-foot (122- m) long casino is an authentic rep- lica of an 18th century pirate ship, featuring 66,000-sq.-ft. of gaming space, with 1,600 slot machines.

Isle Of Capri Casino

Riverboat Opens In La.

Casino America, Inc. opened its

Isle of Capri Casino in Bossier City,

La., a joint venture between Casino

America and Louisiana Downs, a racing track owner.

The Isle of Capri Casino includes a 30,000 sq.-ft. dockside riverboat casino with 927 slot machines and 60 table games includes eight poker tables. The joint venture has also developed an adjacent 74,000 sq-ft. land-based facility. The first 15 hours of operation reportedly saw 12,500 people visit the facility, ac- cording to Allan B. Solomon, secre- tary for Casino America, who also said that the limited licenses should combine with demand to make gam- ing very profitable in Louisiana.

Iowa Referendum Gives

Harveys Casino Go-Ahead

A successful referendum that ap- proved riverboat gaming in

Pottawattamie County, Iowa has paved the way for Harveys Casino

Resorts to continue its development of its $45 million Council Bluffs,

Iowa riverboat gaming project.

Harveys will now begin negotiat- ing with Council Bluff on land sale terms and identifying a sponsoring organization to assist them in the licensing process for their casino vessel operation — applications for which will immediately be filed. iBarataria ICnfting (Dunpang, 3nc*

COMPUTER LOFTING AND

NC PLATE CUTTING

The Perfect Combination To Increase Productivity

ADVANTAGES - • NC Plate Cutting eliminates the labor intensive manual methods of cutting plate parts • Greater accuracy of parts reduces man-hours involved with fitting and welding • Total repeatability results in a better learning curve that compounds savings in series construction

SERVICES PROVIDED - • Lines Fairing • Lofted Offsets • CAD Drawings (compliment your drafting effort with lofted contours) • Code for NC Burning Machine • Production related data (reports tailored to your specific needs) • Arrangements for cutting

FINALLY, A COST EFFECTIVE WAY TO ENJOY

THE BENEFITS OF THIS TECHNOLOGY, PREVIOUSLY

RESERVED FOR THE LARGER OPERATIONS.

Phone/Fax: (504) 340-5859 1616 Barataria Blvd., Ste. 4 • Marrero, LA 70072

Circle 209 on Reader Service Card 127