Ameristar

This is from msnbc.com

LAS VEGAS, NV — Ray Neilsen has announced plans to resign his position as executive Chairman of the Board and as a member of the board of directors of Ameristar Casinos, Inc. (NASDAQ: ASCA), effective May 5, 2011.

"It is now time for me to shift my attention to The Craig H. Neilsen Foundation established by my father and significantly expand my work on its programs focused on spinal cord injury (SCI) scientific research, quality-of-life for SCI patients and adult literacy and education," said Neilsen. "I am looking forward to a new chapter in my life, and I know I am leaving the Company in the hands of talented and capable people."

Ray Neilsen joined Ameristar's original Jackpot properties in 1991 after completing his M.B.A. and held several management positions in food and beverage before being promoted to Senior Vice President and General Manager of Ameristar Casino Hotel Council Bluffs and later Senior Vice President and General Manager of Ameristar Casino Hotel Vicksburg. He was later named Corporate Vice President of Operations and Special Projects before being promoted to Co-Chairman and then Chairman of the Board. Among his many accomplishments over the years were leading Ameristar Council Bluffs to become the first riverboat casino-hotel property to earn the American Automobile Association's prestigious Four Diamond Award and the spearheading of Ameristar Vicksburg's growth project that included the permanent dry-docking of the casino to facilitate its expansion from 44,500 to 70,000 square feet, a 1,000-space parking garage and additional food and beverage outlets.

"The Company has never been more successful than it is today," said Gordon R. Kanofsky, Ameristar's Chief Executive Officer. "Ameristar owes much to Ray and his family, who over the last 45 years helped transform two small casinos in Jackpot, Nevada into a leading Las Vegas-based gaming and entertainment company. Ray's knowledge and insight of the gaming industry and his passion for Ameristar invaluably contributed to our success. We will deeply miss him and wish him well."

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General Counsel

Missouri Gaming Commission

P.O. Box 1847

Jefferson City, MO 65102

Phone 573-526-4080

Fax 573-526-1999

 

Media Release

 

 

 

 

Contact: LeAnn McCarthy

Phone: (573) 526-1998

LeAnn.McCarthy@mgc.dps.mo.gov

FOR IMMEDIATE RELEASE

April 15, 2011

 

         

MGC Announces Edward J. Grewach as General Counsel

 

Jefferson City, Missouri – The Missouri Gaming Commission has promoted staff attorney Edward Grewach to General Counsel.

 

MGC Executive Director Roger Stottlemyre says “Edward Grewach’s law experience is broad based, and of great benefit to the Commission. He has governmental and law enforcement legal experience and is an excellent candidate to replace Michael Bradley. We congratulate and wish Michael Bradley well in his new role.”  Governor Jay Nixon has appointed Michael Bradley as Associate Circuit Court Judge of Boone County.

 

Originally from Troy, Missouri, Edward Grewach is a 1981 graduate of the University Of Missouri- School Of Law. He has served as city attorney of Troy, Missouri for 25 years. Grewach also was prosecuting attorney for Lincoln County, Missouri, as well as legal counsel for four school districts within Lincoln County. He represented the Lincoln County Memorial Hospital for the past 25 years. Grewach is former owner and practicing attorney at Grewach Attorney at Law in Troy.

 

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Isle of Capri

Isle of Capri Corp. this morning has been selected to build a new casino in Pennsylvania.

The Creve Coeur-based gaming company will partner with theNemacolin Woodlands Resort south of Pittsburgh on a $50 million Lady Luck casino. It'll include 600 slot machines and 28 table games on Nemacolin's 2,000 acre resort campus.

Isle was selected for a license Thursday by the Pennsylvania Gaming Control Board. Once the license is formally awarded, it expects construction to last about nine months.

Last year, the gaming company also won the final license available in Missouri, to build a $125 million casino in Cape Girardeau. It broke ground on that property last week and hopes to open in late 2012.

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Ten the Hardway with Angie Franks

From time to time we take a break and interview a Missouri Gaming Commission staff member.Today our victim is Angie Franks. She is the Commission's assistant, assistant to Executive Director Roger Stottlemyre and an all around swell gal.

1. Give us a synopsis of your job-

AF- I prepare documents for commission meetings, discipline review board, scheduling for the executive director and commissioners, prepare the annual report. I also plan the commission meetings, and the things that go with the meetings, like lunch, court reporters, etc.

2. So you're saying you have lots of free time? Ha. What do you do with your personal free time. Hobbies?

AF-My kids keep me extremely busy with sporting events, sometimes two different sporting events with three different kids at different times.

3. What is the most exciting part of your job?

AF- Commission meetings. This is when all of what we do comes together.

4. How long have you been with the Commission?

AF- Since January 1,1998.

5. What has been the most interesting time in the Commission's history for you?

AF-The different times in which the riverboat gaming casinos have opened to the public.

6. Do you feel you have seen a real change in how the Commission operates?

AF- No. We're regulators. I have worked for four different Executive Directors. Even though each has their style, it always goes back to regulation. From that we never waiver.

7.If you could change anything about your job what would you change?

AF-I really wouldn't change anything.

8.What would you do if you won a jackpot?

AF- I cannot win a jackpot. I am not allowed to gamble on Missouri riverboat gaming casinos. Commissioners as well as Commission employees are not allowed to gamble on Missouri riverboat casinos.

9. Ok, what if a bundle of money fell from the sky and landed on your lap. What would you do?

AF- I would go on a luxurious vacation…someplace warm and tropical.

10. Coke or Pepsi?

AF- Pepsi.

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Cape Girardeau

KFVS 12 TV- Cape Girardeau-

How Cape Girardeau casino will affect property values

Posted:

Apr 08, 2011 5:17 PM CDT
Updated:

Apr 08, 2011 6:00 PM CDT

By Christy Millweard – bio | email
CAPE GIRARDEAU, MO (KFVS) –

With the Isle of Capri Casino starting to go up, owners in the downtown Cape Girardeau area, hope to see their property values go up.

But many know, only time will tell.

"We'll just have to wait and see," said Marla Mills, the Executive Director of Old Town Cape.

Wait and see, a game. Not like Blackjack, or Roulette, but one that Mills says could show a change in the property values of the space in downtown.

"I believe that they will go up over time for a lot of reasons, and the casino will be one piece of that," said Mills.

It's a pretty big piece according to Jane Clark, a real estate broker.  She has numerous properties downtown.

"We have had probably three times the calls and the showings since we knew for sure the casino was coming to Cape," said Clark.

"I can say for sure the number of people interested in downtown and what's going on, and wanting to be a part of that in property owner or a business has increased over the past six months specifically since the casino has gotten its award of the licence," said Mills.

Clark and Mills say not only has the interest in these properties started to go up, but they say the asking price has too.

"I know some properties for sale, the asking price has gone up on those, so if those sell for a higher price than they could have before, than that will be a true testament to that," said Mills.

Downtown property owner Jim Riley says now is the time to invest in properties like this, in the heart in Downtown Cape Girardeau, before the casino comes a year and eight months from now.

Riley said he thinks the casino will bring more foot traffic to the downtown shops, restaurants, and businesses.

"I just think the activity that is going to be generated is going to be something that business owners especially will be interested in," said Clark.

But Mills says it's important that business owners don't bank on something that is still just a speculation.

"Although I think the casino is a big piece of it, I think it is just a piece," said Mills.

It's a piece that some say might be the needed piece to raise the value of downtown Cape Girardeau.

 

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Casino Fines

Tim Logan of the St.Louis Post Dispatch writes about MGC disciplinary actions and fines today. Read it here.

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Cape Girardeau

The television story from KFVS 12

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Isle of Capri- Cape Girardeau

Isle of Capri, city leaders celebrate casino at Cape Girardeau groundbreaking

Thursday, March 31, 2011 ~ Updated 4:07 PM

By Melissa Miller ~ Southeast Missourian
(Photo)

A groundbreaking ceremony for the Isle of Capri casino Thursday, March 31, 2011 included, from left, city council members Mark Lanzotti and John Voss, Mayor Harry Rediger, Isle president and chief operating officer Virginia McDowell, city council member Meg Davis Proffer, city manager Scott Meyer, Isle vice president and chief development officer Paul Keller and Isle vice president of design and construction Dick Meister.
(Fred Lynch) [Order this photo]

City leaders and casino executives celebrated Thursday by digging their golden shovels into the dirt to break ground for a $125 million Isle of Capri casino complex in Cape Girardeau.

"We are excited to bring this project to your community. It is a game changer for Cape and it is a game changer for Isle," said Virginia McDowell, president and chief operating officer at Isle of Capri.

Several hundred people attended the ceremony, including the president of the Missouri Gaming Commission, Jim Mathewson.

For nearly a year, Isle of Capri has been working with local businessmen David Knight and Jim Riley and city officials first to secure Missouri's 13th and final casino license and then obtain the property needed for the casino.

The new gaming and entertainment complex north of downtown at the old shoe factory site off North Main Street is expected to have 1,000 slot machines, 28 table games, three restaurants, a lounge and terrace overlooking the Mississippi River and a 750-seat event center.

Scheduled to open in 2012, the casino will create approximately 450 jobs, McDowell said.

"We have designed this property to celebrate the river heritage of Cape, to compliment the existing business community and to serve as a future catalyst for development on Main Street," she said.

The casino is expected to attract new visitors from six different states and generate $1 million in new tax revenue for the state and the city.

"Today is really a new beginning for our area and for our ward," said Ward 1 city councilman John Voss.

More than 100 years ago, city leaders stood near the same spot to break ground on the Roberts, Johnson and Rand Shoe Co., Voss said. At its peak, the factory employed 1,600 people and spurred the development of homes, businesses and churches in what became known as the Red Star district. The name came from the red star imprinted on the men's dress shoes made there.

"Like the shoe companies of the past, the Isle of Capri has started a partnership with Cape Girardeau. A partnership we envision will continue to grow our families, our neighborhoods and our region," Voss said.

Construction on the relocation of North Main Street at the casino site will begin next week, said Dick Meister, Isle's vice president of design and construction.

Cape Girardeau County contractors hired for the road realignment project are Fronabarger Concreters, Inc., Apex Paving, Cotner Electric, Nip Kelly Trucking & Equipment, Monroe Plumbing and Roadrunner Safety.

The bid process for the casino construction is ongoing, Meister said.

"We are completing interviews and have some excellent candidates that have come to us," he said. Isle will announce the selection of its building contractor in early May.

Look for more on this story later at www.semissourian.com and in Friday's Southeast Missourian.

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Isle of Capri- Cape Girardeau

From the Associated Press-

 

CAPE GIRARDEAU, Mo. —  Isle of Capri is preparing to begin work this week on a $125 million casino in Cape Girardeau.

The Southeast Missourian reports the groundbreaking ceremony for the state’s newest casino is scheduled Thursday afternoon.

The Missouri Gaming Commission awarded the casino license to Isle of Capri in December.

Plans call for a casino along the Mississippi River with 1,000 slot machines, 28 table games, three restaurants, a lounge and a terrace overlooking the river, along with a 750-seat event center.

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Isle of Capri- Cape Girardeau

From KFVS-12 Cape Girardeau-

CAPE GIRARDEAU, MO (KFVS) –

Isle of Capri plans to break ground on its new Cape Girardeau casino next week.

An invitation e-mailed to Heartland News says the groundbreaking ceremony will be at 2 p.m. Thursday, March 31, at Main and Mill streets in downtown Cape. 

Isle of Capri also posted a public invitation to the event on its Facebook page.

Plans to build the new casino took off December 1, when the Missouri Gaming Commission announced it would give Isle of Capri "preferred developer" status.  Missouri's 13th casino license is expected to be handed over to Isle of Capri when the Cape Girardeau location opens.

The Cape Girardeau casino was expected to open in late 2012.

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