Reno Gazette-Journal from Reno, Nevada • Page 52

Monday, September 2. 1996 Reno Gazette-Journal 4F Gaming Tourism Glitter Gulch's Golden Nugget turns 50 Mississippi land casino raises fairness complaint it could intercept up to 75 percent of their market coming out of Jackson and that it would be the start of an inland gaming trend inconsistent with the intent of the state gaming law. Belisle said the economic impact, capacity to carry forward the project, environmental and historical reviews are all built into Mississippi's licensing process and should be addressed in order. He said the four casinos in Vicksburg should get behind the project because its racetracks will result in more business for them, not less. Belisle said it his burden to prove to the state and multiple agencies the project will do more good than harm.

"I don't have control over somebody saying I am impacting an area that shouldn't be impacted. They can do that, but we could never get the approval for the entire project without addressing the impact," Belisle said. The first phase of the project calls for construction of the three tracks, a 300-room hotel overlooking grandstands and a casino on the Big Black. "We won't cut any ribbons until all of phase one is "done," Belisle said. VICKSBURG, Miss.

(AP) The president of a Minnesota-based gaming company said his proposal for a casino and racetrack complex along the Big Black River is being treated unfairly. Multi Gaming Management president Jim Belisle has told a Vicksburg group that complaints about the $125 million project should be hashed out in the licensing process before the Mississippi Gaming Commission. And that is what he plans to do this week when the Gaming Commission meets. "But do you address it before you've even determined if it's a legal site?" he asked members of Help Establish Local Progress, a group created in 1 99 1 to encourage voters to approve casino development in Warren County. HELP chairman Harry Sharp said the group was not endorsing the casinoracetrack complex.

"Nobody in HELP is against the project. It's the location of the project," Sharp said. The city of Vicksburg, various economic development groups and others are opposing the site located along heavily traveled Interstate 20. Vicksburg casino officials have criticized the site because they say downtown casino. "It was the oldest established floating crap game in town," Wynn recalled of the Nugget in the early 1970s.

"It was an institution. It had opened Labor Day of 1946 and it had a niche. "It was the kind of place where a young guy could learn about stuff." Wynn filed for his gaming license in 1972, and was elected chairman of the company in August of 1973. Golden Nugget had $3 million cash on hand at the time, a pittance by today's gaming standards, but a hefty bankroll in those days. "I took all the cash the company had and used it all up, ripping out walls, making improvements, turning it into the Golden Nugget Gaming Hall for real," Wynn said.

The Golden Nugget became a show-place, with Wynn transforming the casino into downtown's first premier resort, adding three towers with a total of 1 ,907 rooms. The company expanded to the Strip in 1989 with the opening of The Mirage Hotel-Casino. Today the parent Mirage Resorts Inc. has expanded to include Treasure Island Hotel-Casino and half interest in the Monte Carlo Casino Resort, both on the Las Vegas Strip. In addition, the company has the Golden Nugget Hotel-Casino in Laughlin, Nev.

and is building the Bellagio resort on the Strip and the Beau Rivage in Biloxi, Miss. The company also plans a new resort in Atlantic City. The Golden Nugget has played a major role in transforming downtown Las Vegas as one of a number of casinos supporting the Fremont Street Experience, a $70 million light-and-sound extravaganza. LAS VEGAS (AP) Started 50 years ago by a Los Angeles vice cop and nurtured by the son of a Maryland bingo parlor operator, downtown's famous Golden Nugget turned 50 this weekend, with a birthday bash Thursday night. The hotel-casino was the genesis of Mirage Resorts one of America's leading gaming companies with a value in excess of $3 billion.

The Golden Nugget became the swankiest casino in town in 1946 after vice cop Guy McAfee coaxed $1 million in seed money from 30 friends to build a gambling joint in this town of 20,000. McAfee became the Nugget's first president; former Hoover Dam concrete worker Bucky Blane its second. Enter Steve Wynn, a young entrepreneur who in 1972 paid $1.1 million for a patch of desert next to Caesars Palace on the budding Las Vegas Strip, selling it a short time later for 2 'A million. Wynn recalled Tuesday how he had explored buying the Landmark Hotel from billionaire Howard Hughes before doing the land deal that would change his life, and the direction of this city. "I was always shopping," said Wynn, 54, who first visited Las Vegas as a wide-eyed 10-year-old, accompanying his father, Michael, who had hoped to build a bingo parlor here.

"I think that young people sort of program themselves," said Wynn. "Ever since I saw the Fon-tainbleau and the Eden Roc in Miami Beach, I always wanted to own a hotel." Wynn got his chance with his bankroll from the land sale, and began buying up stock in the Ladbroke in marketing pact with Hilton Hotels Corp. Associated Press BIRTHDAY BASH: Highlights of the Golden Nugget's celebration. the Oyster Bar and 18'year employee. Send news of people in the hotel and casino industry to: Diana Frear Paschall, Reno Gazette-Journal, P.O.

Box 22,000, Reno, Nev. 89520. attendant in the housekeeping department and 14-year employee. Jim Campbell, a dealer in the casino department and 1 2-year employee. Bertha Vasquez, waitress in LONDON Ladbroke Group PLC, which operates 161 Hilton Hotels outside the United States, said it agreed to link its marketing and hotel development efforts with Hilton Hotels Corp.

Hilton said it intends to acquire a 5 percent stake in Ladbroke, currently valued at 124.5 million pounds ($194.2 million), after the joint marketing agreement is signed. It also will enter an agreement with Ladbroke's board allowing Hilton Hotels to buy a 20-percent stake in Ladbroke. Hilton Hotels spun off its international hotels in 1964, and Ladbroke, through its Hilton International unit, purchased the business in 1987. Ladbroke, a gambling, leisure and hotel concern in the dedication: Diane Scott, accounts receivable clerk in the accounting department and a nine-year Nugget employee. Juana Armendariz, room By Diana Frear Paschall RENO GAZETTE-JOURN AL JOHNASCUAGA'S NUGGET: The employees of the month for September have been recognized for their hard work and United Kingdom, operates the hotels under the Conrad Hotels name.

As part of the new alliance, Stephen F. Bollenbach, chief executive of Hilton Hotels, will join Ladbroke's board and Peter George, chief executive of Ladbroke, will join Hilton's board. The two companies will also be able to pay for 20 percent of each other's hotel development costs in return for 20 percent of each other's profits. Ladbroke said the closer ties will give it a chance to participate in the expansion of Hilton's gambling business in the United States. Also last week, Ladbroke said its pretax profit rose 7.4 percent in the first six months of 1996 to 64.2 million pounds, though sales fell 2 Mable Profecdonol Business Sites In Darmody Business Park.

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