Press Release: Casino Journal Publishing Group, Inc.
December 8, 2000
LAS VEGAS, NV -- A panel of industry experts will discuss the effect of consolidation on the gaming industry as
well as the future of small gaming companies during the American Gaming Summit next month in Las Vegas. Anti-trust
and economic concentration issues will also be addressed.
``Consolidation: The Good, the Bad and the Ugly'' is the topic of a panel discussion set for 2 p.m. Thursday, Jan.
11, the first full day of the annual event that will be held at the Bellagio through Jan. 12.
``As the creation of gaming jurisdictions has slowed throughout the country, major gaming companies have been able
to expand principally through acquisition of other gaming companies,'' said Bob Faiss, panel moderator and partner
in Lionel Sawyer Collins, Nevada's largest law firm. The firm is a producer of the American Gaming Summit, along
with Casino Journal Publishing Group (OTC Bulletin Board: CJPG - news), the leading information provider for the
gaming industry, and Bear, Stearns & Co., one of the nation's premier financial institutions.
Faiss said consolidation panelists will review the elements that influence casino consolidation decisions; where
casino consolidation appears to be headed in the early years of the 21st century; whether standards utilized by
federal and state governments to evaluate proposed casino acquisitions are fair and adequate; whether any casino
jurisdiction is approaching undue economic concentration; and the future for small casino companies.
``Consolidation is a key issue in the industry, and the 2001 Summit is fortunate to feature top industry experts
to address this topic,'' Faiss said. Speakers include Jason Ader, senior managing director, Bear, Stearns &
Co.; Clive Cummis, executive vice president & general counsel, Park Place Entertainment; James Hurley, chairman,
New Jersey Casino Control Commission; James Murren, president, MGM MIRAGE; James Perry, president Argosy Gaming
Corp.; and Brian Sandoval, chairman, Nevada Gaming Commission.
``It's been more than five years since speakers at the American Gaming Summit predicted that consolidation would
shape the gaming industry into the 21st century,'' said Glenn Fine, Group Publisher for the Casino Journal Publishing
Group. ``Now that its effect has been truly felt, it's time to assess any further moves toward consolidation.''
Because of these kinds of issues, the American Gaming Summit is considered a ``must attend'' event for top-level
gaming executives, said Fine. Established in 1994, the Summit draws up to 1,000 national and international attendees.
The 2001 Summit will honor MGM MIRAGE Executive Chairman J. Terrence Lanni with a Lifetime Achievement Award during
the keynote dinner on Jan. 11. In addition to honoring gaming greats such as Lanni, the Summit also names the ``Most
Innovative Gaming Product of the Year'' at the keynote lunch on Jan. 12. Speaking at that luncheon will be new
Park Place Entertainment President & CEO Thomas Gallagher.
For more information on attending the American Gaming Summit, call 800-394-2467. Attendees will receive a special
room rate for Bellagio -- one of the world's great hotels-during the convention. Special sponsorships and exhibiting
opportunities are available for a limited time. For more information call 800-229-8516.
SOURCE: Casino Journal Publishing Group, Inc.