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Gaming News Archives - Page 4649

 
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Davis Gambling Pact Tracks Campaign Cash

22 October 2003
News Brief: As Gov. Gray Davis was fighting to keep his job this month, he negotiated, for the second time within weeks, a gambling agreement with an Indian tribe that made a nearly concurrent contribution to his campaign to avoid being recalled by voters.
 

Wynn Wants Crackdown on Macau Loansharks

22 October 2003
International News Brief: Las Vegas casino developer Steve Wynn has called for a crackdown on triad-backed loansharking business in Macau and legislation allowing casinos to reduce taxable gambling revenues, a newspaper reported Wednesday.
 

California Casino Plan Loses County's Blessing

22 October 2003
News Brief: A landless American Indian tribe lost the blessing of Sonoma County officials Tuesday in its bid to build a casino just outside Rohnert Park, about 40 miles north of San Francisco.
 

Harrah's Revenues Up, Net Income Down

22 October 2003
Harrah's Entertainment, Inc. reported record Q3 revenues of $1.14 billion, up 2.2 percent from revenues of $1.11 billion in Q3 2002. Third-quarter income from operations declined 4.3 percent to $217.8 million from $227.7 million.
 

Churchill Downs Q3 Revenue Down

22 October 2003
et revenues for Q3 totaled $117.5 million, a decrease of 6.4 percent compared with net revenues of $125.6 million for the same period a year ago.
 

Boyd Gaming Results Mixed

22 October 2003
Boyd Gaming reported adjusted earnings of $.15 per share in Q3, versus $.23 per share in Q3 2002. Revenues for the third quarter were $311 million, slightly above the $308 million reported last year.
 

Passenger Traffic Up 5 Percent

21 October 2003
Nearly 3 million people used McCarran International Airport in September, a 5 percent increase over the 2.8 million people who flew in and out of the Las Vegas airport in the same month a year ago.
 

MGM Mirage Profit Falls

21 October 2003
MGM Mirage has reported a 32 percent drop in profit during the third quarter partly attributed to a decline in the percentage of bets won from gamblers at the Bellagio.
 

Atlantic City Casino Vendors Fill GOP Coffers

21 October 2003
News Brief: Leading up to the June primaries, casino vendors contributed $65,000 to New Jersey Senate Republicans.
 

McGreevey Chummy with Casinos at Conference

21 October 2003
News Brief: For one afternoon news conference, Gov. James E. McGreevey was a friend of the gaming industry again.
 

Study: Problem Gambling Higher in Kids

21 October 2003
International News Brief: The Australian and New Zealand Adolescent Health Conference in Sydney on Thursday will hear that the prevalence of problem gambling is up to four times higher among teenagers than adults.
 

Group Vows to Stop Slot Bill

21 October 2003
News Brief: Grey2K USA, the animal rights group that nearly persuaded Massachusetts voters to ban dog racing in 2000, is vowing a similar ballot battle if lawmakers pass a bill to put slot machines at the Bay State's two greyhound tracks.
 

Bank Manager Gambled with Bank Funds

21 October 2003
International News Brief: An Australian bank manager who stole AUD$19 million to fund his online gambling addiction faces sentencing on Friday after pleading guilty to crimes spanning five years.
 

South African Government Reaps in Slot Money

21 October 2003
International News Brief: The 25,000 slot machines located in 31 casinos across South Africa contribute some R1.7-billion in annual revenue to the national government via taxes.
 

Analyst: Maine Bill a Bad Deal

21 October 2003
News Brief: Maine could do much better than simply receiving $100 million a year from a cut of slot machine revenue if the state auctioned off the rights to open a proposed casino, industry analysts say.
 

Schwarzenegger Vows to Veto Casino Plan

21 October 2003
News Brief: Only hours after the Davis administration announced a deal to build a new Indian casino and bring in new money to the state, Gov.-elect Arnold Schwarzenegger promised Monday to veto the plan.
 

Audit: Florida's Pari-mutuels Can't Pay for Regulation

21 October 2003
News Brief: Florida's pari-mutuel industry is unable to pay for the cost of regulation and other required obligations after years of declining attendance and tumbling receipts, a state audit said Monday.
 

Elton John Signs Deal with Caesars Palace

21 October 2003
Elton John and Park Place Entertainment Corporation have signed an exclusive agreement for the artist to perform 75 shows over three years at The Colosseum at Caesars Palace, Las Vegas, beginning on February 13, 2004.
 

Riviera Reports Loss

21 October 2003
Riveria reports for Q3, the net loss was ($3.2 million) or ($0.91) per share compared with a net loss of ($16.9 million) or ($4.89) per share in Q3 2002.
 

New Head Northern Nevada Operations of Harrah's Entertainment

21 October 2003
arrah's Entertainment reports that Don Marrandino has been named to head its operations for Northern Nevada.
 


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