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Gaming News Archives - Page 4676Study: Most South Africans Gamble14 August 2003
News Brief: South Africa is a nation of gamblers with more than 70% of the population taking part in the national lottery and 19% of the population gambling in casinos.
Kansas City to Study Self-Banning Program14 August 2003
News Brief: The Kansas City Port Authority will pay Harvard researchers $297,000 to study the Missouri program that allows compulsive gamblers to ban themselves from the state's casinos.
Illinois Governor Criticizes Casinos14 August 2003
News Brief: Governor Rod Blagojevich on Wednesday accused some riverboat casino owners of a `cynical' attempt to avoid paying higher Illinois taxes by reducing profits.
Judge: $25 Million Lottery Ticket Belongs to Couple14 August 2003
News Brief: A New Jersey judge ruled Wednesday that a $25 million Mega Millions ticket belongs to a Bergen County couple who presented the ticket to lottery officials.
Nonprofits Criticize Maryland Slots Plan14 August 2003
News Brief: The slot-machine bill killed by Maryland lawmakers would be one of the least profitable paths for the state to take if it decides to expand gambling, according to a study released Wednesday by two nonprofit groups.
Horseshoe Exec Confirms Interest of Possible Suitors14 August 2003
Horseshoe Gaming Holdings Corp. executives Wednesday confirmed reports
that the three-riverboat company based in Las Vegas has talked to
prospective buyers, but downplayed suggestions that a deal is close.
Gambling Couple Face Atlantic City Casino Ban14 August 2003
News Brief: The Atlantic City Casino Control Commission preliminarily placed a championship poker player and her gambler husband on the Exclusion List for collecting a usurious loan payment at casinos.
Mob-Linked Exec Barred from Casino Jobs14 August 2003
News Brief: An Atlantic City fired demolition executive is barred from working in the casino industry because of his association with organized crime, the Casino Control Commission ruled Wednesday.
Illinois Casino Changes May Set Example for Indiana14 August 2003
News Brief: News that four Illinois casinos will be open fewer hours and may lay off workers will benefit the Indiana market and teach Indiana what not to do, according to Mike Smith, executive director of the Casino Association of Indiana.
Australian Casino Sets Sights Beyond War, Sickness14 August 2003
News Brief: The operator of Reef Casino in Cairns says it expects better trading conditions for the rest of the year as high rollers and tourists return after a SARS and Iraq war-induced downturn.
Canterbury Park Holding Reports Income Down, Revenue Up14 August 2003
Canterbury Park Holding Corporation earned net income of $593,552 on revenues of $13,128,383 for Q2 2003, compared to net income of $613,005 on revenues of $11,930,749 for Q2 2002.
Choctaw Resort Development Revenues Up14 August 2003
The Choctaw Resort Development Enterprise reports that revenues continued to increase with net revenues at $74.3 million and $60.4 million for Q3 2003 and 2002, respectively.
Powerball Jackpot Soars to $72 Million14 August 2003
Since no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $72 million.
Interlott Reports Results Up14 August 2003
Interlott Technologies reported that revenue for Q2 was $12.3 million, up 21 percent from $10.2 million in Q2 2002. Net income for the quarter was $852,000 or 12 cents per diluted share, compared with $185,400, or 3 cents, a year ago.
Pinnacle 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.
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