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Gaming News Archives - Page 4675Pinnacle Entertainment Reports Stronger Results14 August 2003
Revenues for Q2 increased 6.0% to $133.6 million from $126.1 million as compared Q2 2002. Operating income grew to $8.9 million from $3.0 million, while EBITDA grew to $20.8 million from $14.3 million for Q2 2002.
CryptoLogic Continues to Outperform in Q2 200314 August 2003
Strong second quarter results exceeded expectations and signify that the company's business continues to build on a solid platform of organic growth, international expansion and new products.
Century Casinos Earnings Up14 August 2003
For Q2, Century Casinos, Inc. reported net operating revenue increased by 1.7% to $7,553,000 from $7,429,000 for the same period in 2002. Net earnings were $751,000, or $0.06 per share, compared to $1,103,000, or $0.08 per share, for Q2 2002.
Hard Rock Hotel & Casino Reports Loss14 August 2003
Hard Rock Hotel & Casino reports net income for Q2 decreased $5.7 million to a net loss of $2.0 million from a net income of $3.7 million in Q2 2002.
California, Tribe Strike New Casino Deal14 August 2003
News Brief: California signed its first new gambling compact with a Native American Indian tribe in about 5 years, officials said on Wednesday, paving the way for more casinos in the desert east of Los Angeles.
Money Laundering Rules Reviewed; Gaming Regulators Developing Reforms14 August 2003
The Gaming Control Board is developing new procedures for tracking anti-money laundering reports, board Chairman Dennis Neilander said Wednesday.
Hearing for Casino Scam Suspects Set13 August 2003
News Brief: A preliminary hearing has been scheduled for October in the case of 10 former Cache Creek Indian Bingo & Casino employees who are accused of profiting from an alleged scam that cost their employer more than $400,000.
Hawaii: Two Men to be Tried in Attack Linked to Gambling13 August 2003
News Brief: Two men were ordered to stand trial on felony assault charges involving a Young Street brawl last month relating to a turf war between two groups protecting O'ahu's illegal gambling operations.
Maine Casino Backers Expand Ad Campaign13 August 2003
News Brief: Supporters of a proposed $650 million Indian casino in southern Maine have expanded their advertising campaign in advance of a November state referendum on the issue.
Michigan Lottery Game Delayed13 August 2003
News Brief: A new instant lottery game has been delayed by a lawsuit that threatens to unravel part of a plan to help bolster the Michigan budget.
Pinnacle to Build Argentine Casino13 August 2003
Pinnacle Entertainment Inc. of Las Vegas expects to build a casino, restaurant and nightclub complex in the province of Neuquen, Argentina, as part of a revised license agreement with the Argentine government.
Nevada Casino Win Up in June13 August 2003
After two straight months of declining revenue, Nevada casinos rebounded in June as their winnings from gamblers totaled $809.l million, up 13.2 percent from June 2002.
Census: Casino Workers Follow Jobs13 August 2003
News Brief: When the chips are down in the Atlantic City gaming industry, workers pack up and move to areas where jobs are plentiful, new data released this week by the U.S. Census Bureau show.
Malaysian Gambling Ring Raided13 August 2003
International News Brief: Johor’s biggest and most established gambling syndicate was uncovered by police when 50 people, including 22 women, were arrested in raids at 21 premises in Johor Baru on Sunday.
Borgata No Help to Casino Revenue13 August 2003
News Brief: Borgata Hotel Casino & Spa did well at snatching other casinos' gamblers in its first month of operation but did not draw hordes of extra visitors to the city.
Alliance Gaming Announces Tender Offer13 August 2003
Alliance Gaming Corps. reports that it commenced a cash tender offer for the $150 million aggregate principal amount of its currently outstanding 10% Senior Subordinated Notes due 2007.
Kansas City Casinos Battle for Customers13 August 2003
News Brief: As the Kansas City casino market cools off, a marketing war is heating up.
Park Place Resorts Promote Water Conservation13 August 2003
News Brief: In response to the region's record drought, the five Las Vegas resorts owned by Park Place Entertainment Corporation are working closely with the Southern Nevada Water Authority to significantly reduce their overall water consumption.
Italian Lottery Fever Undiminished13 August 2003
International News Brief: Italy is still in the grip of lottery fever ahead of Wednesday night's draw of the biggest ever jackpot in Europe.
Natchez Signs Letter of Intent with Emerald Star Casino13 August 2003
News Brief: Natchez officials have agreed to work exclusively with a Florida-based gaming developer, Emerald Star Casino and Resort, to bring a second casino to the Mississippi River city.
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