Play Meter
Issue: 1978 September 01 - Vol 4 Num 16 - Page 1
UPDATE EDITION
September 1, 1978
Volume 4 , Number 16
Bally pushes up opening date
Bally Manufacturing, which had
been planning to open its casino-
hotel in mid-1980, has pushed up
the opening date to mid-1979.
According to William T. O'Don-
nell, president and chairman of the
firm , Bally will renovate its Dennis
Hotel property on the Boardwalk in
Atlantic City, New Jersey and will
supplement that with new construc-
tion . "This," said O'Donnell, "will
permit Bally to proceed prior to a
determination on demolition of the
entire riine-acre Bally property on the
Boardwalk in Atlantic City .
The company intends to begin
renovation and construction prior to
obtaining the required license to
operate the facility .
According to O'Donnell , "Bally
has not abandoned its master plan to
construct a 1500-room casino-hotel
for the long-range development of its
Atlantic City properties, including the
Dennis and Marlborough-Blenheim
Hotels."
O'Donnell explained that demoli-
tion and new construction in certain
New Jersey coastal areas , including
Atlantic City, requires a permit from
Electri·Wire
relocates
Electri-Wire's corporate offices
have been relocated to 165 Bishops
Way in Milwaukee , Wisconsin .
Elcctri-Wire will continue to main -
tai n its manufacturing facilities at 700
Wesf Virginia Street in Milwaukee .
All inqu iries with respect to sales ,
customer service , engineering , pur-
ch;,o;mg 1rcounting , and general
administrative funct ions should be
add ressed to th e new address.
the New Jersey Department of
Environmental Protection, which ad-
ministers the New Jersey Coastal
Area Facilities Review Act ("CAF-
RA") . This past March, the Depart-
ment of Environmental Protection
advised Bally that, because of the
potential historical significance of one
or more of the existing hotels on its
property , Bally would be required to
justify any demolition of such
buildings. In April , Bally submitted to
the Department of Environmental
Protection a comprehensive study
justifying demolition of the existing
hotels . A decision on that matter is
expected in September, 1978.
O'Donnell also noted, "The issue
of demolition pending before the
Department of Environmental Pro-
tection may delay the granting of
permits for the Dennis Hotel and the
rotunda tower which is part of the
Blenheim Hotel. As a result, and in
order to proceed with the construc-
tion of a casino-hotel on its properties
at the earliest possible date , the
company has modified its original
plans."
He went on to say that "the
revised plan, which will permit Bally
to commence construction of a
casino-hotel on its Atlantic City
properties at an earlier date than
originally scheduled, -contemplates
the gutting, renovation, and expan-
sion of the Dennis Hotel which will
provide 500 totally new hotel rooms
conforming to the requirements of
the New Jersey Casino Control Act
("Casino Control Act") . Under the
plan , the Marlborough Hotel and the
rear portion of the Blenheim Hotel
will be demolished . A 60,000 square
foot casino and other facilities,
including meeting, exhibition , indoor
dining, entertainment and athletic
facilities will be constructed on the
site . At the present time, the
company estimates that completion
of this facility will require capital
expenditures of approximately $45
million ."
The completion and operation of
the casino-hotel project is subject to
obtaining necessary approvals from
New Jersey casino authorities and
others and the finalization of finan-
cing arrangements.
Sega agrees to buy
Gremlin Industries
Sega Enterprises, Inc . has signed
an agreement to acquire all the
shares of stock of Gremlin Industries,
Inc. for an undisclosed amount of
shares of Sega common stock. The
agreement contains a number of
conditions which have to be satisfied
before it can be consummated .
Assuming satisfaction of these condi-
tions , the closing is anticipated within
the month of September.
Gremlin is a manufacturer of coin
operated electronic
amusement
games based in San Diego , Cali-
fornia . Sega is a manufacturer,
distributor and operator of coin
operated amusement games.
Sega is majority owned by Gulf +
Western Industries, Inc .
September 1, 1978
Volume 4 , Number 16
Bally pushes up opening date
Bally Manufacturing, which had
been planning to open its casino-
hotel in mid-1980, has pushed up
the opening date to mid-1979.
According to William T. O'Don-
nell, president and chairman of the
firm , Bally will renovate its Dennis
Hotel property on the Boardwalk in
Atlantic City, New Jersey and will
supplement that with new construc-
tion . "This," said O'Donnell, "will
permit Bally to proceed prior to a
determination on demolition of the
entire riine-acre Bally property on the
Boardwalk in Atlantic City .
The company intends to begin
renovation and construction prior to
obtaining the required license to
operate the facility .
According to O'Donnell , "Bally
has not abandoned its master plan to
construct a 1500-room casino-hotel
for the long-range development of its
Atlantic City properties, including the
Dennis and Marlborough-Blenheim
Hotels."
O'Donnell explained that demoli-
tion and new construction in certain
New Jersey coastal areas , including
Atlantic City, requires a permit from
Electri·Wire
relocates
Electri-Wire's corporate offices
have been relocated to 165 Bishops
Way in Milwaukee , Wisconsin .
Elcctri-Wire will continue to main -
tai n its manufacturing facilities at 700
Wesf Virginia Street in Milwaukee .
All inqu iries with respect to sales ,
customer service , engineering , pur-
ch;,o;mg 1rcounting , and general
administrative funct ions should be
add ressed to th e new address.
the New Jersey Department of
Environmental Protection, which ad-
ministers the New Jersey Coastal
Area Facilities Review Act ("CAF-
RA") . This past March, the Depart-
ment of Environmental Protection
advised Bally that, because of the
potential historical significance of one
or more of the existing hotels on its
property , Bally would be required to
justify any demolition of such
buildings. In April , Bally submitted to
the Department of Environmental
Protection a comprehensive study
justifying demolition of the existing
hotels . A decision on that matter is
expected in September, 1978.
O'Donnell also noted, "The issue
of demolition pending before the
Department of Environmental Pro-
tection may delay the granting of
permits for the Dennis Hotel and the
rotunda tower which is part of the
Blenheim Hotel. As a result, and in
order to proceed with the construc-
tion of a casino-hotel on its properties
at the earliest possible date , the
company has modified its original
plans."
He went on to say that "the
revised plan, which will permit Bally
to commence construction of a
casino-hotel on its Atlantic City
properties at an earlier date than
originally scheduled, -contemplates
the gutting, renovation, and expan-
sion of the Dennis Hotel which will
provide 500 totally new hotel rooms
conforming to the requirements of
the New Jersey Casino Control Act
("Casino Control Act") . Under the
plan , the Marlborough Hotel and the
rear portion of the Blenheim Hotel
will be demolished . A 60,000 square
foot casino and other facilities,
including meeting, exhibition , indoor
dining, entertainment and athletic
facilities will be constructed on the
site . At the present time, the
company estimates that completion
of this facility will require capital
expenditures of approximately $45
million ."
The completion and operation of
the casino-hotel project is subject to
obtaining necessary approvals from
New Jersey casino authorities and
others and the finalization of finan-
cing arrangements.
Sega agrees to buy
Gremlin Industries
Sega Enterprises, Inc . has signed
an agreement to acquire all the
shares of stock of Gremlin Industries,
Inc. for an undisclosed amount of
shares of Sega common stock. The
agreement contains a number of
conditions which have to be satisfied
before it can be consummated .
Assuming satisfaction of these condi-
tions , the closing is anticipated within
the month of September.
Gremlin is a manufacturer of coin
operated electronic
amusement
games based in San Diego , Cali-
fornia . Sega is a manufacturer,
distributor and operator of coin
operated amusement games.
Sega is majority owned by Gulf +
Western Industries, Inc .
Future scanning projects are planned by the International Arcade Museum Library (IAML).