Isle of Capri Casinos

Also called [IOC' 
==Background==
* Bid for the lone slots license for Pittsburgh and lost to Don Barden's bid called Majestic Star.
* Filed a challenge to the decision of the Gaming Control Board.
* Billed the Penguins $10-million with the loss of the bid. 
* Payed folks to appear at a rally in Mellon Park Downtown when hearing were held at the William Penn Hotel by the Gaming Control Board. Some didn't get their money and told of the scheme to show civic participation from residents.
==Notes from Presentation at City Council==
* Funding is to come 90-days after the agreement is signed.
* Talked of critical link between Downtown and Oakland.
* Tent casino comes first, temporary site might be open for 12 months.
* Tonya Payne didn't ask a question but made a statement. She said, "I think that is outstanding and no other applicant has done that.... I appreciate it."
* Profits from 
* Neither Nationwide nor Penguins is going to profit from the development.
* $1-million per year for the life of the development.
* Promised: Full funding of arena ($290-M), $1-million annually, building of the arena, building of casino. The $350 million for the Nationwide redevelopment of the area comes as add-on to the Gaming Commission application.
* Minority hiring plan and minority contract plan is in the contract.
* To Luke Ravenstahl the arena is the center of the plan.
==Links==
===Media===
* Gaming board fighting 'meritless' appeals P-G, March 2007
Category:company