Trump Entertainment Resorts Enters into Ground Lease Option for Potential Philadelphia Gaming Site and Great Wolf to Sell Interest in Water Parks

Resort and Casinos industry news provided by Financial News USA (OTC: FNWU) Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) announced recently that it has entered into a five-year option to lease an approximately 18-acre parcel of land popularly known as the former "Budd Site" located at the intersection of Interstate 76 and Pennsylvania Route 1 in Philadelphia, Pennsylvania for the potential development of a gaming facility. The option represents the Company's first step in applying for one of only two Class 2 Slot Licenses anticipated to be made available in the city of Philadelphia and one of five in the Commonwealth of Pennsylvania. Casino giant Harrah's Entertainment Inc. (NYSE: HET) said Thursday it expects to take a $10 million charge in the third quarter for costs related this year's hurricanes on the Gulf Coast. Harrah's said Hurricanes Katrina and Rita caused damages and losses to its assets in New Orleans, Mississippi and Lake Charles, La. The $10 million charge is for its New Orleans operations.

Diamond I, Inc. (OTCBB: DMOI), a developer of wireless gaming products, today advised that the Nevada Gaming Commission had published proposed regulations to implement the requirements of Nevada Law AB471, which authorizes the use of mobile communication devices, such as Diamond I's WifiCasino GS(TM) wireless gaming system, for gaming in public areas in Nevada casinos. The proposed regulations will now undergo a public review and comment period, in which process Diamond I intends to participate. When Great Wolf Resorts Inc. (Nasdaq: WOLF) bought its first indoor water-park hotel in Wisconsin Dells, Wis., in 1999, the town had yet to be christened the "Water Park Capital of the World." Six years later, the Dells has transformed into a water-park Mecca, with 18 indoor resorts competing within 19 square miles.

About Financial News USA

Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information:
Financial News USA
Tel: (626) 961-8041
Email: info@financialnewsusa.com

Related Articles

• World Entertainment and Mobile Media Pack Their Booth at CITA
  1 October 2005



• Global Signal Enters into Long-Term Master Leases with USA Mobility
  26 August 2005



• AMD Turion™ 64 Mobile Technology Is A Fierce Contender For Mobile Gaming
  24 August 2005



• AMD Turion 64 Mobile Technology is a Fierce Contender for Mobile Gaming
  23 August 2005



• CTIA Event To Explore 'Fun Side of Wireless Data'; Mobile Entertainment Takes Center Stage at September Show
  30 July 2005



• Roving Planet Accepted Into Trusted Computer Group to Help Set Industry Standards for Network Security
  20 July 2005



• Texas Instruments Drives WLAN Technology into Mobile Devices with More than 20 Customer Products Shipping
  27 May 2005



• Kyocera Wireless Announces Collaboration Agreements to Pre-Load Popular Titles from Gaming Leaders
  22 May 2005



• Fiberlink First to Integrate Broadband Wireless EV-DO Technology into an Intelligent Access Client for Mobile Workers
  14 May 2005



• Third Channel Communications Taps into Hollywood's Multi-Billion Dollar Mobile Marketing Future
  13 May 2005