View non-flash version
/wood Casino ounces License Renewal iinois llywood Casino Corporation has Dunced that the Illinois Gaming rd has voted to renew the ler's license of Hollywood iino-Aurora, Inc., its wholly- led subsidiary. The owner's nse permits Hollywood Casinos- rora to operate two riverboats on ; Fox River in Aurora, 111. lollywood Casino opened for busi- ss in June 1993. Under Illinois w, the owner's license was origi- dly issued for a three-year period id is renewable for successive one- jar periods. Hollywood Casino Corporation wns and operates Hollywood- hemed casino entertainment facili- ies under the service mark lollywood Casino in Aurora, 111.; ind Tunica, Miss.; and through its 30.1 percent ownership of Pratt Hotel Corporation. Coastal Corporation Announces Increase In Earnings The Coastal Corporation recently reported that earnings increased 16 percent in the second quarter to $66.1 million, or 58 cents per share, compared to $57.2 million, or 50 cents per share, during the same quarter a year earlier. It also showed a 31 percent increase in earnings per share, climbing to $148.6 million, or $1.32 per share, compared to $114.8 million, or $1.01 per share for the same period a year earlier. "Coastal is on track toward reach- ing its goal of increasing earnings per share by more than 15 percent this year," said David A. Arledge, Coastal's CEO. "I am especially pleased with the performance of our Exploration and Production group, where lower costs and production volume increases coupled with stronger prices, have resulted in dramatically improved profitabili- ty," Mr. Arledge added. Cascade Adopts New Labor Agreement A new labor contract has been rat- ified between Portland Shipyard's prime contractor, Cascade General, Inc., and the 1,500 shipyard work- ers represented by the Metal Trades Council of Portland. Cascade General President and CEO Frank Foti said the contract includes several radically differ- ent approaches to wage and juris- diction issues he anticipates will enable Cascade to compete more effectively for foreign and domes- tic ship repair business. "The con- tract will change the way we work to assure the survival and success of the ship repair industry in Portland," Mr. Foti predicted. The four-year contract, effective July 1, 1996, through June 30, 2000, allows a worker from any Metal Trades union to perform any craftwork at the shipyard he or she can do safely and efficient- ly It also provides an hourly wage based on skill, ability and perfor- mance. The Metal Trades Council of Portland is a bargaining unit comprised of shipyard craft locals, including boilmakers, teamsters, carpenters, painters, electrical workers, machinists, pipefitters, sheet metal workers, asbestos workers, operating engineers and laborers. For more information Circle 56 on Reader Service Card September, 1996 Circle 134 on Reader Service Card 83 Tylok's Four Positive Seals Tylok Couplings: helping seal your bottom line. ^ Tylok's four positive seals provide extra holding power. Tylok is not affected by shock, vibration, surge or temperature. Tylok will hold beyond the burst- ing point of the tubing. Tylok collets skive tubing instead of biting. INTERNATIONAL, INC. 1061 East 260th Street • Euclid, Ohio 44132 • (216) 261-7310' 1-800-321-0466 Circle 376 on Reader Service Card WHY DOES THE U.S. NAVY CHOOSE EVERPURE BROMINATION SYSTEMS FOR DRINKING WATER? •Riy^ Everpure, Inc., Westmont, IL 60559 Because they're safer, easier to use and more accurate over a wider range of water conditions. And they're less expen- sive in the long run than chlorination, without the taste and odor problems. The U.S. Public Health Service, NSF and CDC have aiven our bromination equipment top approvals for shipboard use. So have the U.S. and Canadian Coast Guards. Call us toll free to find out more about our systems designed specifically for the cruise line industry. 1-800-323-7873 Follow the U.S. Navy. Choose Everpure.
