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MGM MIRAGE to Sell Two Laughlin Properties
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LAS VEGAS, Oct 16, 2006 - MGM MIRAGE announced today that it has entered into an agreement to sell its Colorado Belle and Edgewater hotel-casinos located in Laughlin, Nevada, to a group led by Anthony Marnell III for $200 million. The transaction is subject to customary closing conditions contained in the purchase agreement, including receipt of all necessary regulatory and governmental approvals. Both parties anticipate the transaction to be completed by the second quarter of 2007.
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Boyd Gaming Announces Agreement to Sell Barbary Coast to Harrah's Entertainment
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LAS VEGAS, Oct. 2. 2006 -- Boyd Gaming Corporation (NYSE: BYD) today announced that it has reached an agreement with Harrah's Entertainment, Inc. to trade the Barbary Coast Hotel and Casino in a tax-deferred exchange for approximately 24 contiguous acres of Las Vegas Strip property that Harrah's has contracted to acquire from third parties. The land that Boyd Gaming is to receive in the exchange is located directly to the north of its 63-acre Echelon Place development site. Boyd Gaming expects to recognize a non-cash gain of approximately $280 million in the quarter in which the transaction closes and plans to begin reporting the results of operations from Barbary Coast in "discontinued operations" in the third quarter 2006. The transaction is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the first quarter 2007.
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Pinnacle Entertainment buying Sands in Atlantic City for $250 million
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LAS VEGAS, Sept. 5, 2006 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. (NYSE: PNK) and Atlantic Coast Entertainment Holdings, Inc. ("ACE Hi") today said they have signed a definitive agreement under which Pinnacle agreed to purchase the entities that own The Sands and Traymore sites in Atlantic City, N.J. from entities affiliated with financier Carl Icahn for approximately $250 million, plus an additional $20 million for certain tax-related benefits and additional real estate.
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Isle of Capri Casinos, Inc. Completes Sale of Vicksburg, Miss. and Bossier City, La. Properties
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BILOXI, Miss., July 31, 2006 /PRNewswire-FirstCall/ -- Isle of Capri Casinos, Inc. (Nasdaq: ISLE - News) announced today that it has completed the previously announced sale of its Vicksburg, Miss. and Bossier City, La. properties to Legends Gaming, LLC for $240 million cash subject to closing adjustments.
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Trump and Diamondhead Casino Corporation form a joint venture to develop casino in Diamondhead, Mississippi
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une 12, 2006 - Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) and
Diamondhead Casino Corporation (OTCBB: DHCC) announced today that they have signed a letter of intent pursuant to which the parties intend to form a joint venture partnership to develop, build and operate a destination casino resort in Diamondhead, Mississippi.
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American Casino Guide Announces 2006 Readers' Choice Winners
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June 1, 2006--The publishers of the American Casino Guide have announced the results of their readers' poll concerning their favorite casinos in all major gaming cities.
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Pinnacle Entertainment to Acquire Harrah's Lake Charles Definitive Agreement Includes Sale of Casino Magic Biloxi to Harrah's Entertainment
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LAS VEGAS, May 31 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. (NYSE: PNK) today announced it has signed a definitive agreement under which it will acquire certain Lake Charles, Louisiana gaming assets of Harrah's Entertainment, Inc. (NYSE: HET). The agreement, which formalizes a letter of intent announced on April 17, also calls for the sale of certain of Pinnacle's Casino Magic Biloxi assets to a subsidiary of Harrah's Entertainment.
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Harrah's Completes Acquisition of Imperial Palace in Las Vegas
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LAS VEGAS--12/23/05--Harrah's Entertainment, Inc. (NYSE:HET) said today that it has completed its previously announced acquisition of the Imperial Palace Hotel & Casino in Las Vegas.
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Harrah's To Re-Open Hotel in Lake Charles, La.
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LAS VEGAS-1/25/06-Harrah's Entertainment, Inc. (NYSE:HET) said today that its hotel in Lake Charles, La., will re-open as scheduled on February 1.
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Boyd Gaming Opens New Blue Chip Casino
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LAS VEGAS, Jan. 31, 2006 - Boyd Gaming Corporation
(NYSE: BYD) today announced that Blue Chip Casino Hotel opened its new casino this morning, completing the final stage of the property's $170 million
expansion. The expansion, which began in April 2004, includes three new
dining outlets, an entertainment lounge, a 950-space parking garage, and a
new single-story casino, that is more than 50 percent larger than the three-
story riverboat that it replaced.
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