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Showboat Marina Casino Riverboat awarded conditional license in East Chicago, Indiana.



EAST CHICAGO, Indiana--(BUSINESS WIRE)--APRIL 15, 1997

- Anticipated opening April 18, 1997-

Showboat showboat. In the early 19th cent. entertainment was brought by boat to the pioneers that settled along the western rivers (especially the Mississippi and Ohio) of the United States. At first companies only traveled by boat, performing on land.  Marina Casino Partnership and Showboat, Inc. (NYSE NYSE

See: New York Stock Exchange
:SBO SBO

specified bovine offal.
) announced today that the Indiana Gaming Commission has issued a license conditioned upon completion of a preview cruise and back of the house reporting processes. Successful completion of the regulatory inspections will result in the issuance of a gaming license thereby permitting the opening of the casino to the public possibly as early as Friday, April 18, 1997.

The East Chicago Showboat consists of a cruising state-of- the-art gaming vessel, a 105,000 square foot pavilion, an 1,800 space parking garage, and 1,200 surface parking spaces. The project features 53,000 square feet of gaming area, 90 table games and over 1,760 slot machines. The enclosed parking garage is connected directly to the pavilion for the comfort and convenience of patrons and will permit easy access to the 386 foot long gaming vessel. The location of the gaming vessel has excellent access from Indiana State Highway 912, a six-lane divided highway that connects to Interstate Highways 90 and 80/94.

"The awarding of the license is the the last step necessary to bring a whole new gaming experience to the residents of Northwest Indiana and the greater Chicago metropolitan market," said Keith Wallace, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Showboat Marina Casino Partnership. "Our focus from this point forward will be to provide an outstanding gaming experience for our patrons, a superior working environment for our employees and an excellent relationship with the State of Indiana, the City of East Chicago and the other communities with whom we interact."

"This is an exciting day for Showboat, Inc." stated J. Kell Houssels III, President and CEO of Showboat, Inc. "We look forward to the East Chicago, Indiana East Chicago is a city in Lake County, Indiana, opposite Chicago, Illinois. The population was 32,414 at the 2000 census. Geography
East Chicago is located at  (41.638885, -87.462140)GR1.
 operation to setting the new standard of excellence for gaming in this market. We are extremely pleased with the combined efforts of our East Chicago management team, our partners, and the City of East Chicago, which enabled us to bring the project in ahead of schedule and on budget."

Showboat, Inc., through its subsidiaries, beneficially owns 55% of Showboat Marina Casino Partnership; Waterfront Entertainment and Development, Inc., an Indiana company owned primarily by Indiana businessmen, beneficially owns the remaining partnership interests. Showboat, Inc., through its subsidiaries, owns and operates casino hotels in Las Vegas, Nevada, and Atlantic City, New Jersey “Atlantic City” redirects here. For other uses, see Atlantic City (disambiguation).
Atlantic City is a city in Atlantic County, New Jersey, USA. Famous for its boardwalk and casino gambling, it is a resort community located on Absecon Island on the coast of the
. It manages and is the largest shareholder of the Sydney Harbour Casino in Sydney, New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. , Australia.

CONTACT: Investor Relations Investor relations

The process by which the corporation communicates with its investors.
:

The Foristall Company, Inc.

130 Water Street, Suite 4M

New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, New York 10005

Thomas F. Curtin

212-797-4646

or

Company:

H. Gregory Nasky

Executive Vice President

Showboat, Inc.

702-650-1200

or

Joseph O'Brien

Vice President - Finance

& Administration

Showboat Marina Casino Partnership

219-378-3010
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 15, 1997
Words:461
Previous Article:APPLIED EXTRUSION TECHNOLOGIES, INC. ANNOUNCES 1997 SECOND QUARTER RESULTS.
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