“Midwest Gaming & Entertainment, LLC Completes Financing ... - Biloxi Sun Herald” plus 1 more |
| Midwest Gaming & Entertainment, LLC Completes Financing ... - Biloxi Sun Herald Posted: 09 Apr 2010 10:49 AM PDT '+'>'); } --> DES PLAINES, Ill., April 9 -- /PRNewswire/ -- Midwest Gaming & Entertainment, LLC and its affiliates ("Midwest Gaming") announced today they have successfully closed on $295 million in aggregate debt financing and invested $150 million of equity for its casino project in Des Plaines, Illinois. Midwest Gaming also purchased the land on which its casino and entertainment complex will be developed, clearing the way for construction to begin next week on the long-awaited $445 million development. The casino is anticipated to open in late summer 2011. On March 30th, the Illinois Gaming Board approved Midwest Gaming's financing package and construction project. As part of the closing, Midwest Gaming paid $47.5 million as a downpayment on the 10th Illinois casino license, bringing its total license payments to the State of Illinois to $50 million. Another $75 million is required to be paid when the casino opens for business. "Today's closing is the culmination of years of hard work. Now we will begin building a showplace that we believe will create tremendous revenues for the state and local governments, put people to work and generate tourism," said Neil Bluhm, Midwest Gaming Chairman. "We look forward to being a great neighbor for Des Plaines, the surrounding communities and the State of Illinois." "We would like to thank the Illinois Gaming Board, the City of Des Plaines and their respective staffs for their hard work which helped us reach this important milestone," said Greg Carlin, Midwest Gaming's CEO. "We are excited to have closed on our financing, and we look forward to moving ahead quickly to build a first-class casino and entertainment facility," said Jeff Parr, Co-CEO of Clairvest Group Inc., an investor in Midwest Gaming. Midwest Gaming's casino is anticipated to generate hundreds of construction jobs and approximately 1,000 permanent jobs. In addition to supporting the local economy and businesses by bringing activity to the area, the casino anticipates paying more than $150 million in gaming taxes annually that will benefit the State of Illinois, the City of Des Plaines and economically burdened communities. As part of the debt financing, Midwest Gaming closed on its previously announced offering of $175 million of senior secured notes due 2016. Simultaneous with the closing of the notes offering, Midwest Gaming closed on a $120 million senior secured credit facility consisting of a $110 million delayed draw term loan facility and a $10 million revolving credit facility—for which Credit Suisse, Goldman Sachs and Macquarie Capital were the joint lead arrangers and joint book-runners. Macquarie Capital was also the exclusive financial advisor to Midwest Gaming. Showing: Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now |
| Heroes of Newerth Celebrates Open Beta/Countdown to ... - Businesswire.com Posted: 06 Apr 2010 10:20 PM PDT Team "Loaded" Victorious in Blistering Finals Match KALAMAZOO, Mich--(BUSINESS WIRE)--Independent game developer S2 Games today announced that Heroes of Newerth (HoN) is nearing official launch. The S2 Games team celebrated this huge milestone with a launch event late last week, at which the finals were held for the HoN North American Cup. The two semi finalist teams, "Loaded" and "Five," both battled feverishly, but team "Loaded" ended up taking the win. The event and finals were held at the SupperClub in San Francisco and sponsors included Alienware, Razer and Iron Will Innovations, makers of the Peregrine Glove. Video from the event, including the finals match, can be found at http://www.honcast.com.
HoN quietly slipped into Open Beta late in the evening on March 31, 2010, just prior to the celebration. Since then the number of registered players has grown by 250,000 to a whopping two million active beta accounts and reaching concurrent player numbers surpassing 55,000. The team at S2 Games will continue to monitor servers and growth in order to ensure complete stability. Players will be introduced to NEW Heroes during Open Beta and rewarded with additional Heroes upon the games transition to retail. "After working on this game for over three years it feels incredible to finally be at this point," said Marc DeForest, CEO and Founder, S2 Games. "I have an amazing team that worked tirelessly to make HoN the best online, multiplayer game of its kind and it's a real sense of accomplishment to hear the positive feedback from our fans as well as from the competitive gaming and e-sports communities." HoN, a session-based, multiplayer, Action-RPG, is heavily inspired by the popular Warcraft 3 mod, Defense of the Ancients (DotA), but with vast improvements in graphics and gameplay. Heroes of Newerth is available for the Windows, MAC and Linux platforms for $30.00 (USD). Gamers can currently "try before they buy" by accessing the open beta at http://www.heroesofnewerth.com About HoN: In Heroes of Newerth, two teams of up to five players each take on the role of special Hero units. With the assistance of AI-controlled armies, each team sets out with the sole objective of destroying the other team's base. As a match progresses, players can earn experience and gold which can be used to upgrade skills or purchase items to make their character more powerful. The team-oriented design of HoN coupled with unprecedented in-game Voice-Over-IP controls and Clan Support allow for an incredibly deep, tactical team-based experience. Some of the unique features of HoN include the following:
Heroes of Newerth is currently in open beta and release can be expected very soon. Players can visit the website to be notified of future release dates. www.heroesofnewerth.com. More information on this title can also be found at www.s2games.com and on Facebook at www.facebook.com/heroesofnewerth. About S2 Games The core S2 Games team is an experienced group of developers from diverse backgrounds, including film, fine art, computer science and business. Through this mix of skill and experience, a synergy is born creating a fresh perspective in game design. The mission of the S2 Games team is to create the next level of multiplayer gaming. With the creation of the K2™ Engine, they have the freedom to take online multiplayer games to heights not reached before. For more information, visit the company's website at www.s2games.com. All related assets available here: http://www.heroesofnewerth.com/fsk/fan_site_kit.zip
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now |
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