Printer Friendly

BALLY MANUFACTURING SIGNS LETTER OF INTENT WITH TRINITY MARINE TO COMMENCE CONSTRUCTION OF NEW ORLEANS RIVERBOAT CASINO

 CHICAGO, Oct. 12 /PRNewswire/ -- Arthur M. Goldberg, chairman, chief executive officer and president of Bally Manufacturing Corporation announced today the signing of a letter of intent by its subsidiary, Bally's Casino Holdings, Inc., with Trinity Marine to build a major riverboat casino to operate in New Orleans, Louisiana.
 The $19.4 million boat project will be constructed at Trinity's Equitable Yard in New Orleans and will feature an 1890s floating palace style riverboat design. The 266 sq. ft. long by 77 sq. ft. wide vessel will accommodate 30,000 square feet of gaming space with 20,000 square feet of additional space spread over three decks.
 Mr. Goldberg said, "We are very excited to be in New Orleans because of the area's tradition as one of the nation's great tourist and convention destinations. Our proposed site at the Julia/Erato Street Wharf is a premier location for gaming in the city, and is a great opportunity for expansion of Bally's profitable casino gaming operations."
 The design phase will start immediately and actual building work should begin in November. Bally's expects the riverboat to be completed as early as August 1994.
 In other developments, Bally's is in final stages of preparation for the grand opening of a 40,000 square foot casino in Tunica, Mississippi, which is scheduled for early November. Bally's was among four casino gaming concerns chosen as a finalist to develop a Windsor, Ontario casino complex. Bally's proposal in Ontario includes Canadian Pacific Hotels & Resorts as its partner.
 Bally Manufacturing Corporation is one of the world's foremost operators of casino hotel resorts and fitness centers.
 -0- 10/12/93
 /CONTACT: Laurie Terry, Michael W. Kempner of MWW/Strategic Communications, Inc., 201-342-9500/
 (BLY)


CO: Bally Manufacturing Corporation ST: Illinois IN: CNO SU:

LG -- NY018 -- 0936 10/12/93 08:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 12, 1993
Words:302
Previous Article:MAGIC QUEST LAUNCHES MATH ACE(TM) AND INITIATES NEW SCHOOL SOFTWARE DONATION PROGRAM, "LEARNING2"
Next Article:WANTED: A TWO-STEPPIN', BOOT-STOMPIN' COUNTRY TUNE; SHOOTARITA HOLDS NATIONAL SONGWRITING COMPETITION
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters