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Gaming News Archives - Page 4822If Betting is not a Crime; is it Legal?24 February 2003
In New York, it is not a crime to make a bet. But does that mean that betting in New York is legal?
$42 Million Powerball Won24 February 2003
Powerball paid off big Saturday night for two winning tickets; one sold in Louisiana and one sold in Missouri.
New York Gaming Summit Returns for Second Year24 February 2003
Several facets about the New York Gaming Summit will be significantly larger this year following the success of last year's sold-out event.
Management Group to Acquire PDS Gaming Shares24 February 2003
PDS Gaming has entered into a letter of intent with a management group to acquire all of the approximately 69% of the outstanding shares of PDS Gaming.
Gaming Stocks Rally on Peace Rumours, Air Traffic24 February 2003
Gaming stocks staged a strong rally Friday over rumors the United States will negotiate its way out of a war with Iraq, or the conflict will not be severe.
Magna Entertainment Loss Grows21 February 2003
Magna Entertainment reports EBITDA for Q4 amounted to a loss of $9.6 million compared to a loss of $4.5 million in the same quarter last year.
Insurer: Trump Won't Renew Over Rejected Junk Bond Deal21 February 2003
News Brief: American International Group said Friday that Donald Trump doesn't plan to renew his insurance policies because the insurer won't buy bonds on his hotels and casinos.
Atlantic City Execs Find Bright Spot in Storm21 February 2003
News Brief: Atlantic City casino executives actually found a measure of relief from last weekend's snowstorm: relief that it didn't begin 48 hours earlier.
Convicted Slot Cheat Added to Nevada Black Book21 February 2003
News Brief: The Nevada Gaming Commission voted unanimously to list Tommy Glenn Carmichael, 52, whose criminal record dates to 1973, in the Black Book of unsavory types barred from Nevada casinos.
Gardener Wins Record New York Lottery Jackpot21 February 2003
A gardener for the Central Park Conservancy is the sole winner of the $128 million Mega Millions Jackpot.
Gambler Sues Casino to Recover Losses21 February 2003
David Williams says he lost $175,000 in three years, most of it poured into slot machines. Now bankrupt, Williams is suing the casino in federal court in Indiana to recover his losses.
Aladdin Turns a Profit in January21 February 2003
Higher revenue and dramatically reduced interest expenses resulted in the Aladdin hotel-casino posting its most profitable month since the bankrupt resort opened in 2000.
Argosy, IGT Sign Deal21 February 2003
Argosy Gaming has signed an agreement to purchase up to 4,000 new `cashless’ slot machines from International Game Technology.
Wynn's Investor Cleared of Charges21 February 2003
Azure, a company controlled by Steve Wynn's biggest investor, was recently cleared by Japan's highest tax court on charges the business concealed $35 million in income connected to a deal for a near-dormant Las Vegas slot machine business, informed sources said.
Atlantic City Casino Group Rallies Against Taxes21 February 2003
News Brief: About 150 casino industry executives, workers and community leaders turned out this week to protest plans for new taxes on casinos, saying the added burden would stymie growth and threaten jobs.
Wisconsin Tribal Gaming Bill Stalled21 February 2003
News Brief: Wisconsin Senate Democrats have stalled a Republican push for a bill that would give the state Legislature authority to ratify tribal gaming compacts.
Montana Bill Would Allow Expanded Gambling21 February 2003
News Brief: A Montana bill will be introduced at the Legislature soon to authorize creation of a `music and entertainment district’ to allow wide-open gambling at some proposed new major casinos in the national historic landmark district near uptown Butte.
Oklahoma Lottery Vote Postponed21 February 2003
News Brief: A last-minute change of heart by some Republican lawmakers prompted the Oklahoma House Thursday to back away from a planned vote on sending a statewide lottery plan to a vote of the people.
Ireland Relaxes Betting Law21 February 2003
International News Brief: Gamblers will soon be able to bet at Sunday race meetings in Northern Ireland for the first time.
Massachusetts Treasurer Introduces Expanded Keno Plan21 February 2003
News Brief: State Treasurer Timothy Cahill has announced a plan to generate $35 million in additional lottery aid to cities and towns by allowing more Keno games, which are played in restaurants and bars across the state.
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