B*yd Gaming Announces Four Gaming Tournaments to Bridge the Transition from St*rdust to Echel*n Place
April 1, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- B*yd Gaming Corporation (NYSE: BYD) today announced that the Company will host 4 separate gaming tournaments, each of which will feature a $1 Million prize pool. As previously announced, the company's flagship property in Las Vegas is scheduled for demolition at the end of 2006, to make way for a new development called Echel*n Place. Capitalizing on the tremendous media interest in Texas Hold'em Poker tournaments and the St*rdust's long expertise in Blackjack tournaments, the St*rdust will host a pair of events during its last week of operation in November 2006.
Prizes for the "Ring Out the Old" Poker and Blackjack events will total $1 Million each, with the first place winner receiving $500,000. These events will be mirrored by an identical pair of events held during the first week of operation of the new Echel*n Place resort, which will be built on the current location of the St*rdust. No official opening date has yet been set for Echel*n Place. The "Ring in the New" event dates will be announced at a future date.
Commemorating a long history of exciting gaming tournaments at the St*rdust, and looking ahead to future events at Echel*n Place, the first place winner of the poker and blackjack events in November will share the honor of pushing the plunger and detonating the implosion of the Stardust at midnight on New Year's Eve.
Further cementing the Echel*n Place leadership in tournaments, B*yd Gaming has announced the hiring of Joe Pane who will oversee the tournament program at the new property. Pane commented "I'm pleased to be welcomed back into the B*yd Gaming family, and I'm really looking forward to the implosion of the St*rdust on December 31st."
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the Company's expectations, goals or intentions regarding the future, including but not limited to statements regarding, the Company's development plans on the current casino site, the timing of events announced, and the development of future events. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. All forward-looking statements in this document are made as of the date hereof which is further noted to be April 1, 2006, and the information imparted in this disclosure should be weighted accordingly. The Company assumes no obligation to update any forward-looking statement.
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