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Las Vegas Roundup

3 January 2002

LAS VEGAS, Nevada – Jan. 3, 2002 --The Fremont Street Experience, the Downtown Las Vegas pedestrian mall and entertainment venue, wants the state District Court to order the Clark County Sheriff to seize $1.84 million in payments Binion's Horseshoe owes the FSE.

Judge Gene Porter ordered the parties to try and settle the dispute through court-supervised mediation, delaying a decision on the seizure request until at least Jan. 28.

FSE President Mark Paris noted in a court filing that the Horseshoe initially claimed it didn't have the financial wherewithal to pay its past due payments.

"Based upon all the information available to me, I believe that the Horseshoe has no intention of paying the (FSE) any of the past due assessments owed," Paris wrote. "If the Horseshoe's assets are not (seized), the (FSE) faces a virtual certainty that the Horseshoe will dispose of any remaining monies voluntarily, or that a bankruptcy may be filed before a final judgment is rendered."

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TRIVIA TIME: Of the three major American sports, football, baseball and basketball, which sport returned the most money to bettors out of each dollar wagered in Nevada sports books over the most recent 12 month period?

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IGT KUDO: International Gaming Technology Chairman and Chief Executive Officer Chuck Mathewson was tabbed as one of the top 10 chief executives in 2001 in a recent issue of Investor's Business Daily.

Mathewson, whose Reno-based company is the world's largest slot machine manufacturer, was cited for his ability to cultivate personal relationships.

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CHARLIE GROWS: Carl Icahn's Arizona Charlie's East broke ground last month on a $5 million expansion to the Boulder Highway locals casino.

The new three-floor structure is slated to open this summer, and will include a 500-seat bingo hall and a race and sports book.

The expansion will also allow Arizona Charlie's East to add about 175 slot and video poker machines to its existing 783-device inventory.

"The expansion reflects the confidence Icahn gaming properties have in the Las Vegas locals gaming market," company spokesman Mike Gilmartin said.

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TRIVIA ANSWER: Baseball bettors fared the best, receiving back a bit less than 97 cents of each dollar wagered in Nevada sports books between Nov. 1, 2000 and Oct. 31, according to Nevada Gaming Control Board figures. Basketball bettors took home a little more than 95 cents and football gamblers received a shade more than 93 cents.

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QUOTABLE: "We're mining our customer databases deeper for this holiday than we normally would," - Mandalay Resort Group spokesman John Marz, on the company's efforts to fill its casinos and hotel rooms for the New Year's holiday.

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