Minutes of October Special Meeting by NewJersey

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                          MINUTES - SPECIAL MEETING NO. 06-10-23
                            October 23, 2006 - 9:30 a.m.

                           New Jersey Casino Control Commission
                      Joseph P. Lordi Public Meeting Room - First Floor
                              Tennessee Avenue & Boardwalk
                                  Atlantic City, New Jersey




PRESIDING:     Chair Linda M. Kassekert

PRESENT:     Vice Chair Ralph G. Frulio and Commissioners
                Michael A. Fedorko, Michael C. Epps and William T. Sommeling


      Subsequent to the reading of a statement of compliance with the notice requirements
      of the Open Public Meetings Act and identification of items discussed during closed
      session, the Commission considered and took formal action on the following matters:


1.    Considered the amended Petition of RIH Acquisitions NJ, L.L.C. (d/b/a Atlantic City Hilton
      Hotel and Casino) for approval of a Material Debt Transaction, and for other Relief.

      The Commission received into evidence exhibits P-1 to P-15 from RIH Acquisitions NJ, L.L.C
      (“Petitioner”) and exhibit D-1 from the Division of Gaming Enforcement (“Division”).

      The Commission approved the Petitioner sealing request and redacted portions of exhibit
      D-1.

      The Commission heard presentations of petitioner and the testimony of Eric Matejevich,
      Chief Financial Officer, Resorts International Holdings.

      By a vote of 5-0 adopted the draft Resolution and granted the relief requested in the
      petition, to the extent set forth, and subject to the conditions in the Resolution (PRN
      2720606) (ruling number 06-10-23-01; transcript pages 1-33).
Minutes of the Open Public Meeting
October 23, 2006
Page 2
2.      Considered the Second amended petition of RIH Acquisition NJ, LLC to approve the
        issuance of certain Promissory Notes and Warrants, and for other Relief and oral
        arguments presented:

        By a vote of 5-0 adopted the draft Resolution and granted the relief requested in the
        petition, to the extent set forth, and subject to the conditions in the Resolution (PRN
        2090615) (ruling number 06-10-23-02; transcript pages 1-30).

3.      By a vote of 5-0 adopted the draft Resolution and found Lance J. Millage qualified to
        serve as Senior Vice President, Corporate controller of RIH Resorts, LLC. (ruling number
        06-10-23-03; transcript pages 1-29).


        The meeting adjourned at 10:23 a.m.


*Lists of individuals acted upon at this meeting have been documented by exhibit number.
Commission rulings are documented in orders or resolutions. These lists, rulings and official
transcripts are available for public review at the Commission offices located at the corner of
Tennessee Avenue and the Boardwalk, Atlantic City, New Jersey.


These minutes remain subject to amendment until such time as they are formally ratified by the
New Jersey Casino Control Commission.


                                 CERTIFICATION

I, Dianna W. Fauntleroy, Executive Secretary of the New Jersey Casino Control Commission, DO
HEREBY CERTIFY that the foregoing Minutes of the Open Session conducted on October 23,
2006, are true and correct.


                                       ____________________________________
                                             Dianna W. Fauntleroy, Esq.
                                     Executive Secretary

								
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