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Binion Expanding to Meet Competition

5 June 2003

HAMMOND, Indiana – As reported by the Associated Press: “The operators of a Lake Michigan riverboat casino are planting their hopes squarely on the ground in the form of nearly $70 million worth of new construction and renovations.

“Las Vegas gambling executive Jack Binion's Horseshoe Casino hopes a new parking garage with room for 2,000 cars, an improved pavilion and 24-hour gambling will give their boat an edge against a potential land-based casino in nearby Chicago.

“…Such a casino would be a clear rival for northwest Indiana's casinos, most of which draw their business from Chicago's gambling market, among the largest in the United States.

“…The 850,000-square-foot garage, which will feature an ornamented facade, will serve as the new entrance to the casino. It is expected to open in February 2004.

“The casino is also in the midst of an $18 million renovation of the pavilion's second floor, including a connecting walkway to then new garage, a new sandwich shop and a new counter where guests can cash in their chips. Those projects should be complete later in the summer, said general manager Rick Mazer…”

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