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ARLINGTON INTERNATIONAL, MIRAGE RESORTS ANNOUNCE PARTNERSHIP; 'FIRST OF ITS KIND' EFFORT AT FOX RIVER TO MARRY RACING, RIVERBOAT GAMBLING

 CHICAGO, March 18 /PRNewswire/ -- Arlington International Racecourse and Mirage Resorts, Inc., announced today a partnership intended to explore ways of integrating racing, gaming and other forms of entertainment.
 Arlington's initial focus will be the development of an off-track betting facility as part of the Mirage's proposed $92 million Fox River Resort in West Dundee, Ill. The upscale resort will set a new standard of elegance in the development of a multi-dimensional entertainment, riverboat casino and hotel complex.
 "We believe that by combining the world-class standards and creativity of Mirage Resorts and Arlington International, the two companies will pioneer a new era of synergy among racing, gaming and non-wagering entertainment targeted to both the middle-market and affluent customer," said Arlington President Edward T. Duffy. "We have the unique opportunity of introducing the spectacles of thoroughbred and harness racing to a huge potential market of riverboat gaming enthusiasts."
 Douglas Pool, senior vice president of the Mirage in Las Vegas, said, "The Fox River Resort will add an exciting, land-based entertainment complex to the magnetism of a riverboat casino. It will reinforce the principle, exemplified by The Mirage in Las Vegas, that blending diverse entertainment and hospitality amenities with gaming creates striking levels of activity. The introduction of a horse racing outlet is an attractive furtherance of this principle."
 The agreement announced today brings together two companies that are generally considered to be the best in their respective fields.
 Mirage brings to the partnership its renowned marketing abilities and the creative genius of its chairman, Steve Wynn, who enjoys an unparalleled reputation for innovation. Arlington brings its reputation as the finest facility in racing and the audience development acumen of its chairman, Richard L. Duchossois.
 If approved by the Illinois Gaming Board, the Fox River Resort is expected to create 3,700 new jobs and to generate $44 million in new state and local tax revenues annually.
 "In the past, racing has resisted other casino proposals because they presented a threat to the viability of the racing industry. In its partnership with Mirage, Arlington believes that it can experiment with riverboat and pari-mutual gambling to protect and enhance the agri- business of racing," Duffy said.
 Pool added, "We are confident that cooperation and creativity may produce other opportunities for the benefit of all concerned -- by saving the jobs that exist, by creating new jobs and new tax revenues and by offering the public the finest in entertainment."
 The Fox River Resort, which would be located on 30 acres just north of the I-90 bridge in West Dundee, is one of several proposals put forward recently in competition for the one remaining license for riverboat gambling yet to be awarded by the Illinois Gaming Board. It is by far the most comprehensive proposal, and the only one that offers a significant benefit to education across the state.
 A resolution adopted by the village of West Dundee mandates sharing one third of its portion of the $44 million in tax revenues the complex is expected to generate with nearby local governments, and another third with local and statewide educational entities. In addition, Mirage has a history of contributing more than $1 million annually to fund higher education scholarships in the communities in which it does business.
 "The Fox River Resort is also expected to create more jobs than any of the other proposals," observed Pool. "The complex itself will employ about 1,700 people and is expected to create an additional 2,000 non- gaming jobs in northeastern Kane County."
 -0- 3/18/93
 /CONTACT: Pat Plodzeen of Burson Marsteller, 312-329-7670/


CO: Arlington International Racecourse; Mirage Resorts, Inc. ST: Illinois IN: CNO SU: JVN

SM -- NY049 -- 7530 03/18/93 12:56 EST
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Publication:PR Newswire
Date:Mar 18, 1993
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