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Gaming News Archives - Page 4025Caesars Upscale Tower Premieres12 August 2005
At 5 a.m. this morning, Harrah's Entertainment Inc. opened Caesar Palace's 949-room Augustus hotel tower at the corner of Flamingo Road and Las Vegas Boulevard.
Las Vegas Room Rates Rise in June12 August 2005
The average daily room rate in Las Vegas continues to soar, statistics compiled by the Las Vegas Convention and Visitors Authority say.
South African Casino Workers to Strike12 August 2005
International News Brief: Peermont Global reports that the Food and Allied Workers Union has given formal notice to its Emperors Palace Hotel, Casino and Convention Resort of its intention to embark on strike action at Emperors Palace with effect from 18:00 on Friday.
Ameristar Passes on Biloxi Market12 August 2005
News Brief: Ameristar Casinos tested the water, but decided against plunging into Biloxi's highly competitive market.
Pennsylvania Casino Comment Period Eliminated12 August 2005
News Brief: The Pennsylvania Gaming Control Board confirmed Thursday that a state Supreme Court decision upholding the state’s gambling law eliminated a 60-day comment period reserved for municipalities slated to host slot machine operations.
Vietnam May Not Tax Foreigners' Casino Winnings12 August 2005
International News Brief: Foreign casino and jackpot winners may not have to pay personal income tax on their winnings according to recent Vietnamese General Department of Taxation proposals.
Birmingham to Submit Casino Bid12 August 2005
International News Brief: It is an odds-on bet that Birmingham will submit a bid to the Government for permission to open a super-casino, according to the politician in charge of the city's regeneration portfolio.
Resorts International Results Up12 August 2005
Resorts International Hotel and Casino reports EBITDA for Q2 was $12.9 million as compared to $9.0 million in the year earlier quarter.
Investor, Lobbyist Indicted on Fraud Charges12 August 2005
News Brief: Adam Kidan, a New York investor and Washington lobbyist, Jack Abramoff, were indicted by a grand jury in Florida on Thursday on charges of conspiring to defraud two lenders out of $60 million in a casino cruise-line deal in 2000.
Barstow Casino Vote Must Wait12 August 2005
News Brief: An initiative supporting Indian casinos in west Barstow has qualified for the ballot, but the measure is not likely to go before voters for five to nine months.
Bear River Casino Opening Draws Crowds12 August 2005
News Brief: The Bear River Band of the Rohnerville Rancheria’s Bear River Casino and its parking lot filled to their maximum capacity on Wednesday, leading to some traffic and neighborhood problems.
Foxwoods Online Game Deemed Illegal12 August 2005
News Brief: Connecticut regulators told Foxwoods Resort Casino officials Thursday that the casino's new online game, PlayAway, is illegal and cannot be restarted.
Las Vegas Sands CEO Sells Shares12 August 2005
Las Vegas Sands Corp. reports that a trust controlled by Sheldon G. Adelson, Chairman of the Board and CEO, sold 53,207 shares of LVS common stock to Mr. Harry Miltenberger, an LVS executive.
Morongo Band Donates to Habitat for Humanity12 August 2005
The Morongo Band of Mission Indians will deliver more than fourteen tons of building materials in a convoy of trucks to the Greater Los Angeles Habitat for Humanity.
Majestic Star Casino Results Dip12 August 2005
For Q2, Majestic Star Casino net revenues were $63.1 million, a decline of $3.9 million or 5.9% from Q2 2004. The Company expects to report a net loss of $4.0 million compared to net income of $2.9 million for Q2 2004.
GTECH Signs Deal with New Zealand Lottery12 August 2005
GTECH Global Services Corporation, has signed an agreement with the New Zealand Lotteries Commission for a complete lottery system
Conversion.
Empire Resorts Reports Q2 Results12 August 2005
Empire Resorts reports net revenue for Q2 was $23.2 million, up from $2.7 million reported in Q2 2004.
Penn National Gaming Extends Expiration Date for Tender Offers12 August 2005
Penn National Gaming’s subsidiary Thoroughbred Acquisition Corp. has extended the expiration date of each of tender offers under the Offers to Purchase and Consent Solicitation Statements, each dated July 21, 2005 to 12:00 midnight, New York City time, on August 31, 2005.
Kerzner Board of Directors Approves Share Repurchase Program12 August 2005
Kerzner International’s Board of Directors has approved a share repurchase program authorizing the company to purchase up to two million of the company's ordinary shares.
California Woman Wins World Record Penny MegaJackpots Prize12 August 2005
Shigeko Ide Stein became the latest MegaJackpots millionaire, winning a jackpot of $2,995,071, which surpasses the previous world record of $2,065,685 hit earlier this year.
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