Casino Floor

Mandalay to enter the Slot industry

 

Mandalay Resort Group, one of the casino giants of the Strip, is poised to enter the potentially lucrative slot machine manufacturing, distribution and slot route markets.

Later this week, the company will bring its proposal to the Nevada Gaming Commission in the next step of the approval process.

Meanwhile, gaming industry observers are waiting anxiously to see what the company unveils. One observer said he thinks the company is positioning itself to offer “the casino floor of the future.”

Mandalay officials declined comment on the proposal until after appearing before the Gaming Commission, which meets Thursday in Las Vegas.

A Mandalay holding company, Revive Partners LLC, plans to develop new slot machine mother boards — the processing component for slot machines — that would be capable of running software that is more sophisticated than what the units originally were equipped with.

 

Casino Goers, Money Leave Ohio For Detroit Casinos

CLEVELAND — It’s an issue that has all of northeast Ohio talking. Should casino gambling be legalized in the Buckeye state?

It’s the subject of a three-part “Special Assignment” by NewsChannel5’s Joe Pagonakis.

In part one, NewsChannel5 showS you how millions of dollars are leaving northeast Ohio for casinos up north.

Casino goers board buses heading for Detroit starting at 6 a.m.

Lilian Welch and Cindy Uguccini, of North Royalton, are just two of thousands of northeast Ohio residents who travel to the Motor City every month looking for casino action.

In the 2003-2004 fiscal year, they are expected to generate $298 million in taxes, $134 million in revenue for the state of Michigan, $163 million for the city of Detroit and $106 million for the school-aid fund. Plus, the Convention and Visitors’ Bureau said the casinos have sparked development opportunities.

“It has given us the courage to bid for the Super Bowl. We’re hosting the super bowl, and now we have a new baseball and football stadium,” said Michael O’Callaghan with the visitors’ bureau.

Cuyahoga County Treasurer Jim Rokakis confirms a casino would help generate badly needed additional property taxes, by increasing Cleveland property values that have shrunk by about 10 percent in the past 20 years.

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