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Liz Benston Gaming Guru - Page 59U.K. Gambling Expansion Facing Hurdles6 April 2004
UNITED KINGDOM -- British legislators considering deregulating that country's gambling industry are expected to dilute original proposals supported by casino groups by recommending restrictions on gambling, analysts say.
A committee of Parliament is expected to report its findings to British ... (read more)
California Court Asserts Jurisdiction Over Nevada Casinos5 April 2004
CALIFORNIA -- A California appeals court has issued a ruling that may make it easier for people to file suit in California against Nevada businesses -- and may even fuel more lawsuits by Californians.
In Business Las Vegas, a sister publication to the Las Vegas Sun, reported Friday that the issue is of special concern to casinos here, since California is the No. ... (read more)
Brokerage Sees Vegas Company Expanding in U.K.30 March 2004
MGM Mirage officials are expected to announce three to four more deals this year to build casinos in the United Kingdom, where the government is expected to loosen its gambling laws to permit many more casinos and an explosion of slot machines in the next couple of years, investment firm Bear, Stearns & Co. ... (read more)
Station Acquiring Locals Casinos in Henderson29 March 2004
Station Casinos Inc. announced an agreement Friday to buy two small casinos in Henderson, a deal that gives the company six locals casinos in the region.
Company officials declined to disclose the purchase price of the Magic Star Casino on Boulder Highway and the Gold Rush Casino, located on the corner of Sunset Road and Marks Street. ... (read more)
S&P Outlook Optimistic on Las Vegas23 March 2004
LAS VEGAS -- A healthier economy, strong convention bookings and a gradual return in high-roller play are expected to boost casino performance in Las Vegas this year compared to last, a major ratings agency said.
In an industry report released Friday, Standard & Poor's also said Las Vegas is anticipated ... (read more)
Study Links Casinos, Personal Bankruptcies16 March 2004
Personal bankruptcies grew at a rate that was twice as high in counties that legalized casinos in the 1990s compared with counties that didn't have casinos, a university study found.
Creighton University law professor Edward Morse and economics professor Ernie Goss used bankruptcy court information to compare bankruptcy rates in 250 counties with casinos. ... (read more)
UNLV Introduces Training for Problem Gambling Counselors15 March 2004
LAS VEGAS -- The University of Nevada, Las Vegas has introduced a series of classes to train problem gambling therapists that is expected to better prepare casino employees, social workers and other locals in their efforts to help a growing number of people at risk for developing gambling problems. ... (read more)
Regulator: Tribal Recognition System Flawed13 February 2004
LAS VEGAS -- A top Nevada casino regulator Thursday called for a review of the federal process by which Indian tribes are recognized and lands are approved for casino development, calling the current system "perverse" and unfair for some tribes.
"It's a perverse system when older, more established ... (read more)
Tax Hike Fears Worry Gaming Industry4 February 2004
As state legislators make more zealous attempts to raise needed tax revenue, the casino industry is facing a deepening threat of higher state gaming taxes along with the newer, more intimidating prospect of state-owned casinos, a panel of gaming experts told a group of casino insiders and investors ... (read more)
NFL's Letters May Spell Trouble for Casino Parties2 February 2004
LAS VEGAS -- About half a dozen hotel-casinos in Las Vegas either canceled or changed their Super Bowl parties after receiving cease-and-desist letters from the National Football League warning them that their big-screen broadcasts of the game violate federal copyright laws.
The letters created ... (read more)
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