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HILTON   HOTELS   OFFERS   $10  BILLION   TO   BUY-OUT   CAESARS

by Robert Taylor, Casino.sho Editor
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Atlantic City, NJ --- In a surprise announcement today, Hilton Hotels
revealed their intention to buy-out ITT's recently purchased Caesar
properties. While very little information was made available at press
time, the offer made was aproximately $10 Billion.

ITT and Caesars declined any comment at this time.

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SUN  INTERNATIONAL  COMPLETES  MERGER  WITH  GRIFFIN  GAMING & ENTERTAINMENT


Ocean-Themed Mega-Resort Will Feature East Coast's Largest Marine Aquarium


by Robert Taylor, Casino.sho Editor
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Atlantic City, NJ --- Sun International Hotels Limited has announced that it 
has completed its merger with Griffin Gaming & Entertainment, Inc. Griffin 
Gaming has become a subsidiary of Sun International, and Merv Griffin's 
Resorts Casino Hotel in Atlantic City, New Jersey is part of the deal.

Sun International Hotels Limited is an international resort and gaming 
company which develops and manages premier resort and casino properties. Sun 
currently operates resort hotels and casinos in Connecticut, The Bahamas, 
Indian Ocean, France, and now also in New Jersey.

In addition to the $200 million acquisition, the company has announced plans 
for $500 million in improvements to the Atlantic City property. Sol Kerzner, 
Chairman and Chief Executive Officer of Sun International, said that "Resorts 
will be transformed into an ocean themed mega-resort based on the theme of 
the Lost Continent of Atlantis. The marine features and aquariums will be the 
largest on the East Coast of the US, or almost twice the size of the National 
Aquarium in Baltimore. One of the features will include the world's largest 
indoor living tidal coral reef."

This development includes a renovation of the existing Resorts Hotel as well 
as new development on adjacent real estate. Approximately 1,400 new hotel 
rooms will bring the total complex to 2,000 rooms. The new highly themed 
casino floor will encompass approximately 100,000 square feet.

The actual construction is scheduled to commence later this year and should 
be concluded by Winter 1999.

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HILTON HOTELS WINS NJ APPROVAL

$3 BILLION PURCHASE OF BALLY'S

GRAND & PARK PLACE IN ATLANTIC CITY


By Robert Taylor, Editor


Atlantic City, NJ --- Hilton Hotels Corporation casino license was approved
by the New Jersey Casino Control Commission. This opens the door for Hilton
Hotels to run a casino operation in Atlantic City.

Hilton plans on completing the $3 billion purchase of Bally Entertainment
Corporation's two Atlantic City casinos, Park Place and The Grand.

Bally's Chairman Arthur Goldberg will become head of Hilton's gaming
operations and Wallace Barr will continue as President of the two Atlantic
City properties and two Bally riverboat casinos in Louisiana and
Mississippi, as well as Hilton's Kansas City riverboat operation.

Park Place will retain it's name while The Grand will become the Atlantic
City Hilton.

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CASINO.SHO (tm) is a weekly electronic Casino Gaming & Entertainment Magazine

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Bob Taylor

Editor and Publisher
CASINO.SHO

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