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Two Galleria Tower Noel Road, Suite Hollyeood, Texas U. Each property showcases authentic memorabilia from Hollywood blockbuster movies and offers award-winning restaurants and headline entertainment. Hollywood Casino Corporation HCC develops, owns, and operates themed hollywood casino entertainment facilities under the service mark Hollywood Casino.
Through its subsidiaries, HCC currently owns and operates the Hollywood Casino riverboat gaming facility in Aurora, Illinois, and the Hollywood Casino and Hotel complex in Tunica County, Mississippi, located near Memphis, Tennessee. Both the Aurora and Tunica facilities feature the company's unique Hollywood theme, which incorporates the excitement and glamour of the motion picture industry by utilizing designs inspired by famous movies, displays of motion picture memorabilia, and movie-themed gaming, entertainment, and dining areas.
The company is also actively pursuing potential gaming opportunities in domestic and foreign jurisdictions where gaming is legalized or is being actively considered. The Hollywood Casino Corporation was established in as the parent company of the Pratt Hotel Corporation PHC. The Pratt Hotel Corporation traces its roots towhen brothers Jack, Edward, and William Pratt purchased their first Holiday Inn franchise in Mineral Wells, Texas.
Over the years, the PHC became the nation's third largest developer of Holiday Inn franchises, opening about 40 hotel and resort properties in the United States and abroad. InPHC acquired its first U. PHC renamed the resort the Sands Hotel and Casino and by had purchased it outright. The Hollywood Casino Corporation was created to develop and expand PHC's interests in the lodging, gaming, and entertainment industries, and it retained Approximately 47 percent of HCC's outstanding common shares are listed and traded on the NASDAQ stock market, while the remaining outstanding HCC common shares are owned by partnerships and trusts controlled by the Pratt family.
The expansion that justified the creation of the company was soon carried out, as the HCC opened the Hollywood Casino in Aurora in and the Hollywood Casino Hotel and RV Park in Tunica in By the HCC decided to spin off the Song from the hangover in casino to hollywood casino income, a move prompted by the seasonal fluctuations inherent in the Atlantic City casino operations whose season peaks between May and September.
The PHC concurrently changed its name to the Greate Bay Casino Corporation GBCC and continues to operate the Sands Income and Casino. The Sands Hotel and Casino, the original casino in the HCC group, is located in Cwsino City, New Jersey, the second largest gaming city in the United States, behind Las Vegas, Nevada. The Sands facility consists of a casino and simulcasting facility with approximately 76, square feet of gaming space containing approximately 2, slot machines and table games; a hotel with rooms including 58 suites ; six restaurants; a cocktail lounge; two private lounges for invited guests the Plaza Club and the Island Club ; an seat cabaret theater; retail space; an adjacent nine-story executive office building with 77, square feet of office space for its executive, financial, and administrative personnel; the "People Mover," an elevated, enclosed, one-way moving sidewalk connecting the Sands to the Boardwalk; and parking for approximately 1, vehicles.
The Casino employed approximately 3, hollyeood inabout a third of whom were affiliated with the Hotel, Restaurant Employees and Bartenders International Union, AFL-CIO, Local Vasino to HCC's spinning off the GBCC on December 31,the Sands was managed by the GBCC Group of the HCC. The decrease ct casino jobs blamed primarily on the growing competition in the Atlantic City Casino market, and on the increasing percentage of what are called "mass-market" customers.
The Sands' marketing strategy has historically consisted of seeking higher-value repeat patrons, who it courted by offering limited-access facilities and special amenities. While the Sands has strived to retain these customers, the completion of the Sands' expansion in has allowed the Sands to broaden its appeal to the mass drive-in patron for continued growth in this market segment.
The Sands markets to the "mass" casino patron market segment through various forms of advertising media as well as through group and bus tour packages. Afterthe Sands casino was no longer part of the Hollywood Casino Corporation. The Hollywood Casino in Aurora opened on June 17, and takes advantage of its proximity to the nearby metropolis of Chicago. The two multilevel riverboat casinos-- City Lights I and City Lights II --boast a combined 32, square feet of gaming space with approximately slot machines and 56 table games.
City Lights I and II can accommodate 1, passengers and offer the maximum number of gaming spaces allowed by Illinois law. Inthese riverboats made as many as 18 cruises daily, beginning as early as a. Onboard gaming is permitted one-half hour prior to launch time and one-half hour after docking, for a total of hollywoood to three hours of gaming per cruise. With two vessels operating on a staggered schedule, the casino is able caino maximize the number of patrons using the facilities while minimizing the time they incomf waiting.
When weather or structural problems make cruising unsafe, the riverboats may host what is known as "dockside" gaming. During dockside gaming, the Aurora riverboats operate on their normal schedules and passengers may hollywood casino income the vessels at any time but may board only during the half hour prior to the regularly scheduled start of the cruise. While Illinois state regulations limit casino casno to specified locations and times aboard the riverboats, HCC also provides its patrons with a number of iincome at the Aurora Casino pavilion.
The 64,square-foot Pavilion features a glass-domed, four-story atrium with two grand staircases, two upscale lounges, two casinoo restaurants, a large buffet, and a diner. The Paramount Theatre, an 1,seat art deco theatre, offers a range of entertainment, including performances by Frank Sinatra, Tom Instant gambling, Ann-Margaret, the Temptations, Howie Mandel, Willie Nelson, and the Bolshoi Ballet.
Expansion of the land-based facilities holylwood added a 4,square-foot ballroom, a Hollywood Casino Studio Store featuring products from major motion picture studios, and additional parking for vehicles. The casino draws the majority of its patrons from the greater Chicago metropolitan area, primarily the affluent suburbs north and west of town. According to company estimates, the casino drew approximately 40 percent of its patrons from such suburbs during The Aurora Casino has enjoyed a steady growth in revenues since its opening inthough income has freedom from problem gambling workbook may 2010 kept pace with the growth in revenues.
The rise in gaming revenues was attributed to the increase in gaming space added by an expansion in lateas well as the continued health and growth of the Illinois gaming market. This discrepancy was attributed income costs associated with casino expansion during and and to a decrease in market share due to the opening of competing casinos in northern Indiana.
First quarter figures for saw revenues decline 7. Again the declines were attributed to the increased regional gambling capacity, hollywood casino income, perhaps signaling an overall adjustment of the market with each casino receiving a smaller share. HCC opened the Tunica Casino on August 8,joining a four casino cluster located in north Tunica County, Mississippi, and serving the Memphis, Tennessee, metropolitan area. Although the Tunica facility is technically called a riverboat casino, visitors would never know it.
Mississippi's hollywood casino income gaming gaming club casino canada only require that there be some water beneath a gambling facility and there is--somewhere.
The Tunica Casino is the most heavily "themed" of HCC's properties: oncome casino resembles a large Hollywood sound stage and is adorned with authentic cssino replica movie props presented in multimedia display cases with hollywooe props suspended from the ceiling.
The Hollywood theme is expected to allow for periodical updates with new memorabilia, a plan which management hopes will lure repeat visitors. The Tunica facility features a 54,square-foot casino with approximately 1, slot machines and 50 table games. In addition to the casino's gambling facilities, Tunica has a hotel boasting rooms of which were added in a new tower ina space recreational vehicle park, hollywood casino income Hollywood themed restaurants, lounges, and bars.
The Tunica facility is in a competitive gambling market, with three competing casinos drawing on a patron base that is dominated by Memphis but also includes Little Rock, Jonesboro, and Pine Bluff, Arkansas; Nashville, Tennessee, Jackson, Mississippi; and southeastern Missouri. The casinos in what is called "Casino Strip" have worked together to casino services transportation and advertise the area, and they operate a free shuttle bus service between the casinos.
Further plans for joint development include the building of an hole championship golf course. According to the company's Securities and Exchange Commission SEC K statement, "Management believes that the critical mass of the four property cluster, together with the ability of visitors to move freely among these properties and to access the cluster from the main Tunica highways, generates significant patron traffic to the Tunica Casino.
This gain represented good news for the casino, whose performance had seen a slight decline inxome to Management hoped that 's increased performance was more indicative of future trends, for it represented the first figures since the addition of casino naga space and a new gaming theme called "Adventure Slots.
Pratt III announced in a news release that accompanied the announcement of first quarter earnings that "We estimate that the Hollywood Casino in Tunica is achieving in excess of percent of its fair share of gaming revenues in the Tunica market. This attests to the quality of our facilities and the overwhelming popularity of the Hollywood theme at holywood property.
ACSC's information technology includes table game and slot monitoring systems that allow the casinos to track and rate patron play through the use of a casino players' card. When patrons utilize the casino players' card at different games, the information is immediately available to management. Management uses such information cazino develop marketing programs and to reward patrons "on the spot. According to the company, management believes that its ability to reward its higher value patrons on a "same-visit" basis is valuable in implementing its strategy of developing a loyal patron base of premium-rated players.
Moreover, ACSC's systems allow hollywkod casinos to monitor, analyze, and control the granting of gaming credit, promotional expenses, and other marketing costs. Another Hollywood Casino innovation was introduced in at the Tunica casino. Super bowl gambling bust "Adventure Slots," the new slot environment represented an attempt to bring the hollywood casino income experience into the modern age hollywood casino income casino entertainment.
In the midst of all this entertainment there are--of course--slot machines. You have to continue to grow and create higher entertainment values for the customer. That's what Hollywood Poker poker casino are all about. As Pratt noted in a news release, "With the spin off of Greate Bay completed, the first quarter of is the first opportunity for our company to report earnings on a post spin casino red restaurant rock basis.
Encyclopedia of Small Business. Encyclopedia of American Industries. Company Histories Part 2. Hollywood Casino Corporation - Company Profile, Information, Business Description, History, Background Information on Hollywood Casino Corporation.
Comment about this article, ask questions, or add new information about this topic Show my email publicly. Type the code shown:. Public Comment: characters.Another lucrative income stream is binary options which has become a very attraction option to investors. Also feature hollywood casino in joliet il your favorite. The Hollywood Casino Corporation was established in as the parent company of the Pratt Hotel Corporation (PHC). Nevertheless, casino income dropped slightly over the same period, to $. Hollywood Casino is a brand owned by Penn National Gaming from its acquisition of Hollywood Casino Corp. It may refer to: Hollywood Casino Aurora – Aurora, Illinois. Hollywood Casino Bangor – Bangor, Maine. Hollywood Casino Baton Rouge – Baton Rouge, Louisiana.