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Gaming News Archives - Page 4500IGT Expands Credit Line16 June 2004
News Brief: Slot machine maker International Game Technology said it was expanding its lines of credit and was comfortable with analysts' average 2004 profit forecast of $1.32 per share, sending its shares up 3.6 percent.
Las Vegas Businesses Report They're Planning to Add Jobs16 June 2004
Las Vegas area employers expect to hire at a healthy pace during the third quarter, with 30 percent of them saying they plan to increase their work force, a local employment firm reported Tuesday.
Pinnacle Entertainment Names Louisiana Casino16 June 2004
Pinnacle Entertainment, Inc. has named its Lake Charles project: L'Auberge du Lac Hotel & Casino. French for "The Inn on the Lake".
IGT Redeems Senior Notes16 June 2004
IGT reports that it is redeeming all $569.6 million in principal amount outstanding of its 8.375% Senior Notes due May 2009.
MTR Gaming Acquires Interest in North Metro Harness Initiative15 June 2004
MTR Gaming Group, Inc.’s new wholly owned subsidiary, MTR-Harness, Inc., acquired a 50% interest in North Metro Harness Initiative, LLC, a subsidiary of Southwest Casino and Hotel Corporation.
Louisiana Neighborhood Gambling Limited Under Bill15 June 2004
New video poker truck stops could not be located within 500 feet of residentially zoned property under legislation approved by the House on Monday.
Rank, Stanley Leisure Targets Cut15 June 2004
International News Brief: Investment bank UBS says it has cut its targets for Rank Group and Stanley Leisure but retains ‘neutral’ recommendations on both the stocks.
VIS iTV, YouBet.Com Sign Deal15 June 2004
VIS iTV and YouBet.Com have entered a deal to launch the first U.S. launch of I-Race, VIS iTV's state of the art virtual horse management and race entry game.
Venetian May Scale Back Investment15 June 2004
Executives of the company that built The Venetian hotel-casino on the Las Vegas Strip say planned reforms in Great Britain's gambling regulations could hurt the company's investment there.
Aristocrat's CEO Campaign Helps Bottom Line15 June 2004
International News Brief: Aristocrat Leisure Ltd. CEO Paul Oneile's cost-cutting campaign has helped the company return to profit after a record AUD$106 million loss last year.
Suits Demand Best Deal for Shareholders15 June 2004
Two Mandalay Resort Group shareholders filed separate suits last week in Clark County District Court accusing the company's executives and board of directors of failing to protect shareholders' interests during MGM MIRAGE's unsolicited takeover bid.
Casino Proposed for Tunica, Mississippi15 June 2004
News Brief: A Memphis businessman has proposed a Solid Gold Casino Hotel and Resort for Tunica, Mississippi.
Minorities Not United on Merger Possibility15 June 2004
Representatives of Las Vegas minority business communities begin contemplating how the deal would affect opportunities for minority vendors.
Gambling Interests Boost Real Africa Earnings15 June 2004
International News Brief: Real Africa Holdings' gaming interests and the disposal of its noncore assets helped bring about a tenfold increase in earnings for the year to end March.
MGM Mirage Cites 'Juggernaut'15 June 2004
If MGM Mirage consummates the biggest casino deal in history by acquiring Mandalay Resort Group, regulators aren't likely to require the company to sell off any of the combined entity's 29 casinos with the possible exception of a property in Detroit.
Gambling Ringleader Pleads Guilty15 June 2004
News Brief: John J. Rodney Jr. - alias Dan ‘the Man’ Wilson - pleaded guilty Tuesday to running a sports betting ring that became the biggest illegal gambling operation in Lee County history.
Man Aims for Poker Record15 June 2004
News Brief: New England resident went on a 72-hour card-playing odyssey, in his attempt to set a world record for the longest casino poker session.
State Senate Votes to Expand Video Gambling Game in Bars15 June 2004
News Brief: Lawmakers are pushing to expand Quick Draw, a video numbers game, to allow it in any bar across the state as New York continues its drive to increase gambling.
Albania Wants to Bet on Casinos15 June 2004
International News Brief: Albania wants casinos to place a $10 million bet on the Balkan country but its Finance Ministry says the wager may be too much to attract any punters.
Casino City Launches New Online Website, Directory15 June 2004
Casino City just launched its new Online Casino City website where online gaming enthusiasts can find the most comprehensive directory of 2,000 online gaming sites ranked in order of popularity.
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