Featured Articles Archive - Page 712

Earnings: IGT Profits Dip, Top Target

LAS VEGAS -- Slot machine giant International Game Technology reported both reduced earnings and revenue in its first quarter of 2006, but the Reno-based manufacturer was Wall Street's darling Thursday. IGT, which ended its three-month reporting period on Dec...read more

A Foundation for I-Gaming in South Africa

A 242-page report published in October 2005 by South Africa's National Gambling Board and mandated through a schedule of provisions in the National Gambling Act of 2004 will likely serve as a foundation for a regulatory model for Internet gambling...read more

Western Union Shuts Down Antigua Offices

Money transfer services company Western Union on Jan. 4 shut down operations at its four agencies on the islands of Antigua and Barbuda. Its services through the four agencies are known to have been one of the payment methods accepted by several of the islands' online gambling operators, which has prompted speculation that Western Union may be reacting to the U.S...read more

Rebecca's Recommendations - January 19, 2006

Today I write you from my vacation on the beautiful island of St. Thomas from which I travel directly to London for the International Casino Exhibition. Talk about one extreme to the next, right? Good thing I'm young, energetic, and capable of boozing it up every night for one and a half weeks straight...read more

Pelican State's Gaming Win Up

LOUISIANA -- Not even hurricanes couldn't stop casino revenue from growing in Louisiana in 2005. Despite the continued closure of four hurricane-devastated casinos and three months in which Louisiana's storm-ravaged riverboats and racinos reported significant revenue decreases, the state's gaming industry rebounded with a growth of 3 percent in overall gaming win during 2005. For the year, Louisiana casinos collected $2.23 billion in gaming revenue, compared with $2.14 billion in 2004, according to figures released Tuesday by the state's gaming control board. The increase came after the state was hammered during August and September by Gulf Coast hurricanes, namely Hurricane Katrina on Aug...read more

Court Victory Brings West Michigan Casino One Step Closer

Earlier this month, the United States Court of Appeals for the District of Columbia Circuit upheld a decision by the Bureau of Indian Affairs that will allow the agency to take land into trust for the Pokagon Band of Potawatomi Indians (the "Tribe")...read more

BoS Launches New Efforts Backing US Regulation

BetOnSports (BoS) has initiated a proactive approach toward opening a dialogue for the regulation of online gambling in the United States by enlisting the aid of the International Institute for Conflict Prevention and Resolution (CPR), a well reputed global organization with a broad scope of members that is dedicated to settling legal and policy disputes...read more

Offering Expected to Raise $164.1 Million for Pinnacle

Las Vegas-based Pinnacle Entertainment said Friday its recently announced stock offering will result in $164.1 million in gross proceeds to the company, money that will be used to add hotel rooms to three of its casinos. Pinnacle is expected to close the public offering on Thursday...read more

Rebecca's Recommendations - January 12, 2006

Welcome back to my recommendations! Today I have some extremely exciting news for my American football fanatics who are dreading the two void-of-football weekends between the playoffs and the Super Bowl. So here's the news: my Titan Poker friends have created an exclusive Casino City $1000 Free Roll Tournament that will take place- guess when- Sunday, January 29th, just when you're about to DIE of football withdrawal...read more

Nevada November Win Results Up

NEVADA -- Nevada casinos have already surpassed the state's all-time annual gaming win record with one more month left to collect numbers, the Gaming Control Board reported Wednesday. Through November 2005, the state's gambling halls have won more than $10.7 billion from casino customers, almost 11 percent ahead of 2004, when the casinos collected $10.6 billion in gaming win. During November, which is traditionally a slow month for tourism, Nevada casinos reported $999.6 million in casino win, a 16 percent jump from the $861.7 million won in November 2004. One gaming analyst said December's results should be no different and contribute toward annihilating the 2004 record. "Conversations with Strip operators indicate that business volumes over New Year's Eve in Las Vegas were up significantly year over year," Deutsche Bank gaming analyst Marc Falcone said in a note to investors...read more