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JCC Holding Comments on Release of March Casino Revenues18 April 2000NEW ORLEANS, La., April 18 (Press Release) - Fred Burford, president and chief executive officer of JCC Holding Company (Amex: JAZ), offered the following comments on the release by the State of Louisiana of March's gaming revenues for Harrah's New Orleans Casino, which opened for business on October 28, 1999. "The $20.5 million reported today for the month of March by the Louisiana Gaming Control Board shows a slight improvement in revenues from the previous month of $20.4 million," stated Burford. "We continue to work diligently to ensure the long-term financial success of the Casino. Our focus remains on increasing revenues and improving marketing and operating efficiencies – both essential to our success - without impairing the quality of the business or our commitment to its customers, employees and other constituents." Jazz Casino Company, LLC, a subsidiary of JCC Holding Company, has the exclusive license to own and operate the only land-based casino in Orleans Parish. Harrah's New Orleans Management Company, a subsidiary of Harrah's Entertainment has been awarded the management contract for the casino. The casino employs approximately 3,000 people with an annual payroll and benefits of approximately $80 million. The 100,000 square foot casino is located at Canal Street at the Mississippi River in downtown New Orleans, is adjacent to the French Quarter, the Aquarium of the Americas and the Ernest N. Morial Convention Center. |