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Gaming News Archives - Page 4478

 
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Execs Push Legalized Sports Betting

4 May 2004
News Brief: Legalized sports betting in Atlantic City would be a financial windfall for New Jersey and allow casinos to compete with flashier Las Vegas counterparts, industry executives testified at the Assembly Tourism and Gaming Committee hearings.
 

Alaska House Passes Gambling Proposal

4 May 2004
News Brief: A new proposal passed by the Alaska House of Representatives Monday would allow cities of 150,000 or more to establish legalized casino gambling.
 

10 Gambling Ring Arrests Made

4 May 2004
News Brief: Ten people — including four from Westchester — were charged yesterday as part of an organized crime syndicate that earned in excess of $10 million yearly on college and professional sports betting.
 

S&P: Expansion Won't Affect Wynn Ratings

4 May 2004
Standard & Poor's Ratings Services says that the ratings and outlooks for Wynn Resorts Ltd. are not affected by Wynn Resorts' announcement of the first steps of its plan to expand its Wynn Las Vegas property.
 

Casino Shares Fall

4 May 2004
News Brief: Shares of casino operators Mandalay Resort Group and MGM Mirage fell 6 percent on Tuesday after Merrill Lynch downgraded ratings on concerns growth in the white-hot sector would slow.
 

Pinnacle Entertainment Reports Loss

4 May 2004
Adjusted net loss for Q1 was $377,000, or $0.01 per diluted share, compared to a net loss of $847,000, or $0.03 per diluted share, for Q1 2003.
 

Tribe Opposes Gambling Initiative

4 May 2004
News Brief: The Muckleshoot Tribe, worried that an expansion of gambling would hurt its casino business, is paying for a direct-mail campaign that warns Washington voters to expect more domestic violence, theft, substance abuse and unemployment.
 

Kerzner Announces Q1 Results

4 May 2004
Kerzner reported net income in Q1 of $40.8 million, compared to net income of $39.3 million for Q1 2003 resulting in net income per share of $1.28 compared to $1.37 achieved in the same period last year.
 

Gaming Execs Make Forbes Compensation List

4 May 2004
Top executives at four Nevada gaming companies -- Caesars Entertainment, Harrah's Entertainment, International Game Technology and MGM Mirage -- made this year's Forbes list of compensation at the top 500 U.S. companies.
 

Lakes Entertainment Launches World Poker Tour Casino Game

4 May 2004
Lakes Entertainment introduces it’s World Poker Tour All-In Hold 'Em, a new table game that will allow poker fans to experience the same kind of excitement and drama that they have been accustomed to seeing on their television sets.
 

BIA Endorses Cayuga Nation Plans for Catskills Casino

4 May 2004
The Cayuga Nation of New York's application has been recommended for approval by the Eastern Regional Office of the Bureau of Indian Affairs.
 

Strip Development: Expansion Already in Wynn Plan

4 May 2004
Wynn Resorts Monday announced plans for a $198 million expansion of Wynn Las Vegas, just under a year before the $2.4 billion megaresort's planned opening.
 

World Poker Tour Names Player of the Year

4 May 2004
Thanks to his two victories on the World Poker Tour, 27-year-old Erick Lindgren of Las Vegas has captured the Tour's first WPT Player-of-the-Year honor.
 

Kentuckyderby.com $5 Million Pay Day Prize Goes Unclaimed

4 May 2004
While nobody claimed the www.kentuckyderby.com $5 million prize for picking the exact order of finish of the Kentucky Derby, one contestant won the $25,000 consolation prize.
 

Wynn Resorts Prepares for Expansion in Las Vegas

4 May 2004
Wynn Resorts, Limited unveiled the first steps of its plan for the expansion of its Wynn Las Vegas resort.
 

Alliance Gaming Names New Exec

4 May 2004
Alliance Gaming report that Richard Irvine has been named Senior Vice President of Sales for the Company's Bally Gaming and Systems business unit.
 

Trump Shares Plunge

3 May 2004
News Brief: Shares of Trump Hotels & Casino Resorts plunged 34 cents, or about 16 percent, to $1.80 in anticipation of a poor earnings report.
 

Powerball Jackpot Rises to $170 Million

3 May 2004
Because no one correctly matched all six numbers in Saturday's drawing, the jackpot has been pushed to an estimated $170 million.
 

California on Verge of Gambling Expansion

3 May 2004
News Brief: The Schwarzenegger-negotiated settlement with casino tribes made early progress but may be falling apart as tribes peel off to back an initiative pushed by the Agua Caliente tribe that would provide much less revenue to the state.
 

New Jersey Sports Authority Okays Casino Purse Supplements Plan

3 May 2004
News Brief: The New Jersey Sports and Exposition Authority approved a plan between its two racetracks and casinos that would put million of dollars into purses in exchange for the tracks’ agreement to delay plans to add video slot machines to its facilities.
 


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