Reno Casino and Hotel owner Charles Mapes
As of now, the Clean Indoor Air Regulation exempts Wheeling Island Hotel Casino, video gambling parlors, and gaming parlors inside of bars. But, as smoking bans are being examined in Hancock County and Pennsylvania, Dr. William Mercer with the board of health believes the exemption should be lifted and smoking should be banned indoors. He said, “Our philosophy, or my philosophy, is we make sure your water is safe and your food is safe, we want to make sure the air that you breath is safe. So it’s really not an owner’s final decision, if they’ve got employees working there that are pregnant, they really shouldn’t be exposed to second hand smoke.” The absolute smoking ban was brought up earlier, but was halted in 2011 after receiving some negative comments from the public.
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Caesars to Close Harrah’s Casino in Mississippi
It too fared well, offering keno, slots, table games, and poker. The Mapes hotel was too large to renovate, so Charles concentrated on the Money Tree, taking a sizable loan against the Mapes property (some of which sat at 18% interest) and expanded the Money Tree across Fulton Alley on the corner of Second and Sierra Streets, in direct competition with the newly expanded Sahara Reno. Unfortunately, at the time of the Money Tree and Sahara expansion, the Onslow Hotel opened between the Mapes and the Money Tree, the Comstock opened a block away on Second Street, and Circus Circus opened a block away on Virginia Street. If that wasn’t too much competition for the Mapes, the opening of a 2000-room MGM a few miles away was, and every casino in Reno felt the pinch of competition.
For the original version including any supplementary images or video, visit http://www.examiner.com/article/reno-casino-and-hotel-owner-charles-mapes
Caesars has tried to sell the casino before shutting it down, but it has been unable to find a buyer. Attempts will still be made to sell Harrahs casino, which employs1,300 people, before its closed on June 2. After exploring every other viable alternative, we have come to the difficult but necessary conclusion to close Harrahs Tunica in an effort to appropriately position our business for the current market opportunity and ensure the long-term viability of our remaining operations in the vicinity,John Payne, President of Central Markets and Partnership Development, said in a statement. Caesars will still operate itsHorseshoe Tunica and Tunica Roadhouse Hotel and Casino in the area. The company plans to find new positions for as many employees of Harrahs casino at these locations as it can. Caesars will also still honor any reservations made up to June 1.
For the original version including any supplementary images or video, visit http://investorplace.com/2014/03/caesars-harrahs-czr-stock/