Page 30: of Maritime Reporter Magazine (August 1994)

Hilton Reaches New

Agreement In Kansas City

After weeks of negotiations, the

Port Authority of Kansas City and

Hilton Hotels Corp. announced a new agreement by which Hilton will develop and operate a riverboat casino on a single site in Kansas

City on the Missouri River. In

January of 1993, Hilton had been awarded exclusive rights to develop two Kansas City sites.

However, due to changing regu- latory requirements, changes in the

Missouri gaming laws, certain site constraints, and archaeological and environmental concerns, the two decided jointly to modify the original agreement. It is anticipated that a temporary floating casino facility could be in the water by the end of the year.

The revised agreement calls for a floating facility with up to 25,000- sq.-ft. of gaming space (with an op- tion to expand up to 50,000-sq.-ft.) offering 1,000 gaming positions, lo- cated at the Paseo Bridge site.

Upon final approval of the agree- ment by the City Council and Port

Authority, which was pending at press time, Hilton has until Dec. 31, 1994 to waive contingencies. These contingencies include, but are not limited to: Missouri Gaming Com- mission approval of continuous dockside gaming at the Paseo Bridge site; issuance of a gaming license; receipt of all required building per- mits; Section 404 and other U.S.

Coast Guard and Corps of Engi- neers required approvals, as well as other economic, environmental and archaeological matters.

Innovative Gaming Receives

License Approval From Miss.

Gaming Commission

Innovative Gaming Corp. of

America received approval from the

Mississippi Gaming Commission for its license to manufacture and dis- tribute its interactive video gaming machines in that jurisdiction. "This decision opens up one of the most significant gaming markets in

America to our video gaming ma- chines," saidD. Bradly Olah, chair- man and CEO. "This is, without doubt, our biggest potential market to date, and we already have a sig- nificant number of backorders for our Live Video Black Jack and Live

Video Craps machines to be filled."

Players' Riverboat Gaming

Revenues Up In June

Players International Inc. an- nounced that in June gaming rev- enues at the company's Metropolis, 111. casino were $5.7 million, com- pared to $5.3 million for the same period last year. Passenger count was slightly down (105,241 this year versus 108,685 last), which in turn raised the win per passenger to $54 this year compared to $49 a year ago.

In Lake Charles, La., gaming rev- enues were $8.5 million and passen- ger count was 95,546 in June, ver- sus $9.4 million and 95,574 in May of this year. "Results in Metropolis continued to exceed our expectations, and both the Metropolis and Lake Charles riverboats posted record breaking numbers over the Fourth of July weekend," said Peter Aranow,

CFO.

Close Vote Defeats Detroit

Gaming Initiative

In a hotly contested vote, the

New Detroit, Inc. Board of Trustees voted against supporting upcoming ballot proposals on gaming in De- troit. The board voted against both the Greektown Indian Gambling

Initiative (proposal C) and the

Riverboat Gambling Initiative (pro- posal B). The vote came during a regular meeting of the New Detroit board and followed extensive board discussion and presentations by

Detroit City Councilman Gil Hill and businesswoman/educator

Nellie Varner (both in favor of gaming proposals) and attorney

Patricia Arndt, who spoke in op- position.

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