Concorde Gaming Corporation Announces Opening of Golden Gates Casino Parking Garage.Business/Technology Editors RAPID CITY, S.D.--(BUSINESS WIRE)--March 20, 2000 Concorde Gaming Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CGAM CGAM Centre for Global Atmospheric Modelling (UK) CGAM Computer Generated Images for Advertising & Marketing (conference) ), a casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. development and management company with operations in Black Hawk Black Hawk (born 1767, Sauk Sautenuk, Va.—died Oct. 3, 1838, village on the Des Moines River, Iowa, U.S.) Sauk Indian leader. Long antagonistic to whites, Black Hawk was driven into Iowa from Illinois in 1831. , CO and Miami, FL, announced today that the new 750-stall parking facility adjacent to the Golden Gates Casino has been partially opened, with 163 stalls on the first two levels available to customers. Concorde's president and chief executive officer, Jerry L. Baum, commented, "We've been looking forward to this event for the past year, as Golden Gates' results have been adversely impacted by the construction and the loss of available parking at our casino during the construction period. We believe that the opening of the parking garage will positively impact operating results at the Golden Gates." In the first quarter 2000, the Company's revenues increased 44% compared to the same period last year. This impressive revenue growth was in spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite a 25% drop in revenues from the Golden Gates as a direct result of the construction project. With the facility partially open, and completion of the project in sight, Concorde anticipates the Casino will resume its significant contribution to increased revenues over the rest of the fiscal year." Baum continued, "To keep pace with the expected increase in traffic at Golden Gates, we are adding 18 new slot machines for the convenience and enjoyment of our customers. Management is confident that the Black Hawk gaming market represents a significant growth opportunity for our Company over the next several years. Enhanced parking capacity is the first of many steps we are taking to increase our presence in Black Hawk." Concorde Gaming Corporation is a gaming development and management company with interests in limited stakes gaming in Colorado, and the day-cruise gaming industry in Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. . The statements contained in this release, if not historical, are forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and involve risks and uncertainties that could cause actual results to differ materially from the financial results described in such forward looking statements. These risks and uncertainties include, but are not limited to, changes in gaming regulations and tax rates in Colorado, Florida, and other jurisdictions that could impact the Company's operations, changes in economic conditions, declining popularity of gaming, competition in Colorado and Florida and other jurisdictions, and the level and rate of growth in the Company's operations. The success of the Company's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets is dependent on factors such as the effectiveness of the Company's marketing strategies to grow its customer base and improve customer response rates, general competitive conditions within the gaming industry and general economic conditions. Further, any forward looking statement or statements speak only as of the date on which such statement was made, and the Company undertakes no obligation to update any forward looking statement or statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date on which such statement is made or to reflect the occurrence of unanticipated events. Therefore, forward looking statements should not be relied upon as a prediction of actual future results. Note: News releases and other information on Concorde Gaming can be accessed at www.cgam.com on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . |
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