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Billionaire Perelman Files to Renew New Jersey Casino License Qualification

2 December 2000

ATLANTIC CITY, New Jersey -- Dec. 2, 2000 -- As reported by the Atlantic City PressPus; "Billionaire investor Ronald O. Perelman has asked the Casino Control Commission to renew his qualification for a gaming license, saying he wants the ability to strike quickly should a casino deal arise.

"...Perelman filed his petition with the commission Thursday afternoon, saying he `is considering an investment in the gaming industry.'The commission previously qualified Perelman for a license in July 1995.

"Unlike an actual gaming license, a statement of qualification does not expire, but Perelman wants a fresh OK from the commission.

"...Perelman, 57, is chairman and CEO of MacAndrews & Forbes, a privately held company for what Forbes magazine called his `intertwined financial empire.' Through that entity, Perelman owns 83 percent and is chairman of Revlon Inc.; owns 83 percent and is chairman of Panavision Inc.; owns 28 percent of Sunbeam Corp; and is a director of Marvel Entertainment Corp. and Golden State Bancorp Inc..."

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