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Board Studies Proposals for Casino License

26 July 2000

BATON ROUGE, LOUISIANA – July 26, 2000 – As reported by Associated Press: "With a potential problem surrounding one applicant, Louisiana gambling regulators face three competing proposals Wednesday for the state's 15th and final riverboat casino license.

"The Louisiana Gaming Control Board has not yet indicated how long it will take to decide where the gambling boat will go: Shreveport, Lake Charles or the Morgan City area.

"The Isle of Capri, which operates two boats in Lake Charles and another in Bossier City, originally proposed a gambling project for the New Orleans suburb of Chalmette, where Circus Circus obtained a license but later abandoned a floating casino project. Last week, Isle of Capri agreed to become a minority partner with Louisiana Horizons, which is seeking the license for Morgan City.

"The Morgan City area does not have a riverboat, although an Indian reservation casino at Charenton is a strong draw.

"Horseshoe Casino wants a second boat in the Shreveport area, where its Bossier City hotel-gambling complex typically wins the most money from gamblers in the four-boat, Texas-fueled market. A fifth riverboat casino project already is under construction in Shreveport.

"…The license was granted in 1997 to then-San Francisco 49ers owner Edward DeBartolo Jr., but given back to the state after DeBartolo was summoned before a federal grand jury investigating the business dealings of former Gov. Edwin Edwards…"

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