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Casinos Carry Detroit Hope and Separation

The vision from Mayor Dennis W. Archer’s 11th floor office in City Hall is apparently all he needed to convince himself that the idea of merging the casinos in the Detroit River is well worth the emotion and the divisions that have taken this city so closely in recent days. >>> More on Casinos Carry Detroit Hope and Separation

Buy Casinos from Starwood at Park Place

In a market that is reshaping the game business in Atlantic City and Las Vegas, Nev., Park Place Entertainment, a recent spin-off of Hilton Hotels, agreed yesterday to acquire the Caesars online gambling operations of Starwood Hotels and Resorts to 3 billion dollars in cash.

The transaction will create a serious rival in Atlantic City to Donald J. Trump, Park Place, which will have three casinos with nearly as much space as the set of Mr. Trump, while casinos owned by Park Place Entertainment in Las Vegas will dominate three of the four corners, the Gaza Strip and Flamingo Boulevard, the largest real estate website gaming land.

Park Place Analysts said that cash flow, or earnings before interest, taxes, depreciation and amortization, would be approximately $ 1.3 billion, almost twice that of the second largest gambling company, Harrah's Entertainment. >>> more on Buy Casinos from Starwood at Park Place