Competitions - Win With Us!
Want to win some prizes, then enter our competitions to win!

Get Reviewed By Me
Do you have a worthwhile product or website that needs some extra attention from our herd? Then you have come to the right place. Buy a Review on my blog to generate unprecedented buzz. Read some past reviews -

Buy a Review today!

Some of our most popular posts -

Check back often for more popular posts

One More Tab

  • Place whatever you like in here
  • Just make sure you keep the HTML tags intact

Any other information


topbg

Pittsburgh casino developer behind on payments

Posted by admin in Casino News

PITTSBURGH - The developer of Pittsburgh’s slots casino is late in paying contractors.

The primary contractor, Dan Keating III, chairman of Philadelphia-based Keating Building Corp., blames the lateness on Don Barden’s difficulty putting together a $780 million financing package.

Keating says Barden is trustworthy, but if financing isn’t in place by Monday, work could slow or stop. Two general contractors and at least 20 subcontractors are on the project. They’re owed at least $10 million.

Barden spokesman Bob Oltmanns says it’s uncertain financing will be in place by Monday. Oltmanns says the economy is affecting all casino owners.

Barden missed a self-imposed deadline in May to have financing in place. The casino is scheduled to open next May.

No Comments Yet »

House rejects Michigan casino bills

Posted by admin in Casino News

WASHINGTON — The House on Wednesday overwhelmingly defeated a proposed settlement to a longtime land claim dispute in the Upper Peninsula that would pave the way for two Michigan Indian tribes to build casinos in southeastern Michigan.

Supporters of the land swap deal lost, 121-298.

Under the proposal, the tribes — the Sault Ste. Marie tribe of Chippewa Indians and the Bay Mills Indian Community — would swap their claim to land in the Charlotte Beach area for parcels in Port Huron and Romulus, where they could build casinos.

“We’re not happy with the outcome,” said Cory Wilson, spokesman for the Sault Ste. Marie tribe.

“We are going to find out what options we have. We do not want to say this thing is dead. We just don’t know. We will get our experts in the room and find out what our options are,” he added.

In a heated debate on the House floor, supporters — including Reps. John Dingell, D-Dearborn, and Candice Miller, R-Harrison Township — argued that the deal would lead to much-needed jobs in their districts.

“Let us give justice to the Indians,” said Dingell, adding the two new casinos could provide up to 4,000 “desperately needed jobs” in Romulus in his district and another 4,000 jobs in Port Huron, in Miller’s district.

The possibility of the new casinos in southeastern Michigan drew equally passionate opponents.

Detroit’s lawmakers — John Conyers and Carolyn Kilpatrick — argue the casinos could threaten jobs at the city’s three gaming houses.

Meanwhile, critics from other states warned that allowing Indians to open casinos 350 miles from their original land could open the floodgates for tribes elsewhere to create land disputes so they could open casinos far away from their reservations.

Even had it passed the House, the proposed deal faced little chance in the Senate, where it is opposed by Senate Majority Leader Harry Reid.

“Sen. Reid has consistently opposed these bills for many years and will continue to do so,” said Reid spokesman Jim Manley.

Rep. Bart Stupak, D-Menominee, said non-Indian homeowners at Charlotte Beach have seen their property values assessed at 90 percent below value because of the legal cloud over the land.

The problem arose after speculators in the mid-1800s sold tribal lands without consent.

In 2002, then-Gov. John Engler reached a deal with the parties — later supported by Gov. Jennifer Granholm — to settle the dispute with the land swap.

The deal, however, requires ratification by the Congress.

No Comments Yet »

Barden contractor optimistic casino financing to come

Posted by admin in Casino News

The general contractor of a planned casino in Pittsburgh said he is optimistic financing will come through to keep the project moving, but acknowledged there’s a scenario under which construction could be temporarily halted.

Don Barden, the operator of the planned Majestic Star Casino, has until June 30 to pay contractors for work, said Dan Keating III, chairman of Philadelphia-based Keating Construction, the general contractor on casino project.

Keating said he is “deeply involved” in Barden’s attempt to resolve financing, most urgent of which is a final $150 million loan.

“We’re the contractor,” Keating said. “We’re working with Don, trying to help him resolve his financing issues. He has been very upfront with us and our vendors. We knew he had interim financing, and he kept all of our vendors fully apprised of every move.”

Keating said he will meet with Barden on June 30. “My hope is we’ll have a resolution, and we’ll figure out a plan. The subcontractors have been terrific. I can tell you we’ve been prepared for (any problems). There are no surprises here.”

Still, Keating admitted, if a permanent financing plan isn’t agreed to, work could stop, at least temporarily.

“They’ve got to get paid,” Keating said of contractors and subcontractors. “We need a program to get paid and paid in a timely manner. Because of the limited capital, if they burn through their burn-rate, they simply stop. It’s no different than hiring a roofer. If they run out of capital, they say, ‘I’ll continue when I have more money.’”

Barden spokesman Bob Oltmanns did not return a call for comment.

Despite a possible financial issue, Keating said the casino work is proceeding well, and even might be ahead of the May 2009 completion schedule.

“There’s not a lot of obstructions, we’re really hitting this job,” he said.

No Comments Yet »

Joint-venture partnership in works to build Miss. casino

Posted by admin in Casino News

Diamondhead Casino Corp. has signed a nonbinding letter of intent with Casinos Austria International Holding to form a joint-venture partnership to develop, build and operate a destination casino resort in Diamondhead.

The casino resort would cover 50 acres of a 404-acre tract in Hancock County owned by Mississippi Gaming Corp., a wholly owned subsidiary of Diamondhead Casino, which fronts I-10 and the Bay of St. Louis. The property is debt- and lien-free.

Larry Gregory, executive director of the Mississippi Gaming Commission, would not comment because the casino plans have not been presented to the commission. The site is the same one Donald Trump had said two years ago he intended to develop a gaming resort in partnership with a Mississippi company.

It was the second time in a dozen years Trump has announced plans to enter into the Coast gaming market, but nothing materialized.

In 1996, Trump appeared before the Gaming Commission to discuss his proposed $8.5 million renovation of Marine Life Oceanarium in Gulfport and a $90 million casino complex. Nothing came of the proposal.

Hancock County has zoned the property as a special use district-waterfront gaming district.

Deborah Vitale, president of the Mississippi company, said in a news release that the company “has enjoyed a long-term relationship with Casinos Austria in prior years and knows the company to be a quality organization with extensive gaming experience and expertise in the international gaming industry.”

The casino industry in Austria began in 1934. Casinos Austria today owns and operates the 12 casinos in Austria.

In 1977, Casinos Austria International was founded to consolidate the company’s international activities. It has been involved in 215 casino projects in more than 35 different countries.

No Comments Yet »

topbg