Officials at Isle of Capri have announced the closing of the company casino operation in Tunica, Miss.
Operations ended in anticipation of the previously announced sale of the facility. The hotel and support facilities will remain open pending finalization of the transaction, which is expected within 30 days.
Isle of Capri owns and operates 14 riverboat, dockside and land-based casinos at 13 locations, including four in Mississippi, three in Iowa, two in Louisiana, one in Colorado, two in Missouri and one in Las Vegas.
The company also owns Pompano Park Harness Racing Track in Florida.
Ohio tracking slots
Timothy Hagan, the Democratic candidate for governor in Ohio, released a proposed budget that would include video lottery terminals at the state’s seven racetracks.
Hagan said that if elected, he would push for legislature to enact a law permitting slots at the tracks, which could generate $500 million a year.
"We have bingo, the lottery, racetracks and for those who bet on Enron and Tyco, we have Wall Street," Hagan said. "It’s not an issue in my mind."
The proposal is opposed by Gov. Bob Taft, a Republican.
Harrah’s raises Wilmott
Prominent Atlantic City casino executive Timothy Wilmott is being promoted to oversee operations of all 26 Harrah’s Entertainment Casinos.
The Wilmott move is part of the company’s management restructure. Wilmott will become CEO, with Phil Satre resigning at that position. Satre will remain chairman, while Gary Loveman shifts to president.
The changes are not expected to have any impact on the company’s casinos.
Senecas ready to roll
The Seneca Nation could begin construction at the Niagara Falls Convention and Civic Center this week depending on whether it can take possession of the building.
The compact signed by Gov. George Pataki and the Senecas called for the state-owned building to be turned over "within 30 days" of the deal’s execution.
Seneca officials estimated the cost of rehabilitating the building at $50 million. The Senecas are pointing to a Jan. 1 opening date, but critics say a year would be more likely.
Horse revival in Michigan
The Michigan horse racing industry has been buoyed by plans from two groups to open tracks in the state within three years.
The Eqtah Group of Wilmington, Del., announced plans to build a track near Lansing in time for the 2003 race season. Earlier in the week, Magna Entertainment of Ontario announced plans to open a track near Romulus in 2004.
"We have always viewed Michigan as an important market for horse racing and Detroit as the ideal location for a modern racetrack," Magna chief executive Jim McAlpine told the Detroit News last week.
ALSO: Peninsula Gaming Partners has acquired all of Evangeline Downs in Louisiana and purchased the land to build a new racetrack and slot machine casino in St. Landry Parish-Councilors in Fairfield, Conn., voted 5-0 last week to place a question on the November ballot asking voters if they want casino gambling in their town.