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Gaming News Archives - Page 4651

 
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Tropicana Exec: Cut Borgata Slack

23 October 2003
News Brief: Despite operating a casino located more than a mile away, Tropicana CEO, Paul Rubeli, jumped into the thick of Marina District business with a vigorous defense of Borgata's performance and a reproach of Harrah's marketing tactics.
 

Illinois Gaming Adviser Under Scrutiny

23 October 2003
News Brief: Governor Blagojevich's top adviser on gambling policy wagered hundreds of thousands of dollars at Illinois casinos run by people he later dealt with on the governor's behalf.
 

Sportingbet Bats Away Widening Losses

23 October 2003
International News Brief: Despite widening losses, Sportingbet is focusing on the progress it has made in the last half.
 

Mirage Case Granted Continuance

23 October 2003
District Judge Joseph Bonaventure Wednesday granted the state a continuance until Dec. 3 in the sentencing of the only person to be criminally charged in the case stemming from The Mirage's failure to file thousands of anti-money laundering documents.
 

Grand Casinos Founder Nominated for Indian Affairs Post

23 October 2003
A Senate panel voted 13-0 Wednesday to approve the nomination of Dave Anderson, co-founder of Grand Casinos, to become assistant secretary of Indian Affairs.
 

Study: Hotel Room Rates to Climb

23 October 2003
Hotel room rates likely will climb in 2004, a national travel trade association study predicts, signaling a recovery in business travel and giving the gaming industry a much-needed shot in the arm.
 

MGM Grand Execs, Union Meet

23 October 2003
MGM Grand executives and union workers at the Strip's biggest hotel met Tuesday in the first round of contract negotiations.
 

Boyd Execs Unfazed by Disappointing Results

23 October 2003
Despite a $4 .1 million loss at the Stardust and disappointing results at its Par-A-Dice riverboat in Illinois, Boyd President is optimistic about the future of the gaming company.
 

Analysts: Operators to Build on Las Vegas

23 October 2003
Wall Street analysts Tuesday predicted Nevada's biggest casino operator will choose to build its next billion-dollar-plus megaresort on the Strip and not in Atlantic City.
 

Isle of Capri Casinos Receives Approval UK Gaming Board

23 October 2003
Isle of Capri Casinos reports that the Gaming Board for Great Britain has approved the acquisition of a majority interest in Blue Chip Casinos Plc. Isle of Capri is the first American casino operator to receive Gaming Board approval.
 

Kerzner Reports Profit

23 October 2003
erzner recorded net income in Q3 of $6.5 million, compared to a net loss of $0.4 million for Q3 2002 resulting in net income per share of $0.22 compared to a net loss per share of $0.02 for Q3 2002.
 

Park Place Reports Income Up

23 October 2003
In Q3 2003, Park Place reported net income of $48 million, or $0.16 per diluted share, compared to net income of $40 million, or $0.13 per diluted share, for Q3 2002.
 

Penn National Gaming Reports Record Q3 Results

23 October 2003
Net revenues for Q3 rose 81.2% to $316.1 million, compared to $174.4 million in Q3 2002. Net income and diluted per share earnings rose to $13.6 million, or $0.34 per diluted share in the Q3 from $9.9 million or $0.25 per diluted share Q3 2002.
 

Mikohn Completes $45 Million Private Placement of Common Stock

23 October 2003
Mikohn Gaming has completed its previously announced sale of 8.4 million shares of its Common Stock at a price of $5.34125 per share and warrants to acquire an additional 2.1 million shares at an exercise price of approximately $5.875375 per share.
 

Chartwell Releases Wireless Gaming Suite

22 October 2003
hartwell Technology reports the commercial release of V1.0 of its Wireless Gaming Suite for Java-enabled mobile phones.
 

Investigation Looks at Possible Money Laundered Through Pokies

22 October 2003
International News Brief: Claims that millions of dollars are being laundered through poker machines in Sydney clubs are being investigated by the Department of Gaming and Racing.
 

Aztar Results Down

22 October 2003
Aztar reports earnings per share of 46 cents, diluted, compared with 43 cents per share in Q3 2002.
 

Mississippi Casinos Likely to be Approved

22 October 2003
News Brief: The Mississippi Gaming Commission is expected to approve proposals for two new casinos for Greenville during its regular meeting today.
 

Trial Delay Sought in Alleged Gambling Bribery Scheme

22 October 2003
News Brief: Top officials connected to a Rhode Island gambling center asked a judge Monday to delay their trial in an alleged bribery scheme until early next year.
 

Lottery, Poverty Link Highlighted in Maryland Slot Debate

22 October 2003
News Brief: Recent studies suggest the Maryland Lottery generates an outsized share of its revenue from the poor, from minorities and from people with limited education.
 


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