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Gaming News Archives - Page 4831Expert: Casinos Must Consider Customers14 February 2003
News Brief: William R. Eadington said there are many reasons for permitting or expanding legalized gambling. But in the end, he said, it usually happens because people want to gamble.
Texas Casino's Fate Depends on Vote14 February 2003
News Brief: Proponents of a $440 million casino and entertainment complex proposed for downtown Austin say the plan hinges on the Legislature calling a statewide vote this year.
Great Canadian Gaming Corp Purchases Washington Casino14 February 2003
News Brief: GreatCanadian Gaming Corp., a B.C.-based casino operator, has completed the purchase of Big Al's Casino in Everett, Washington.
MTR Gaming Allowed to Expedite License Appeal14 February 2003
MTR Gaming Group was granted a motion to expedite the appeal of its license to conduct thoroughbred horse racing and parimutuel wagering in Erie, Pennsylvania.
Detroit Casino Revenues Slump14 February 2003
News Brief: Detroit's casino industry, once seemingly invulnerable even after the September 2001 terrorist attacks caused other local businesses to sputter, saw revenues slump for the fourth straight month in January.
Sega Corp. Merging with Pachinko Maker14 February 2003
News Brief: The Sega Corp., the video game maker, reports it would merge with Sammy, a leading manufacturer of pachinko machines.
Loto-Québec Chairperson Resigns14 February 2003
News Brief: Gaétan Frigon, the beleaguered chairperson of Loto-Québec, resigned yesterday, charging that he was `the target of unjust and unfounded attacks.’
Casino Guests Hit with Norwalk Virus14 February 2003
News Brief: Reno health officials said they were testing an additional 13 sick guests and employees of the Atlantis Casino Resort after four others were confirmed to have the Norwalk virus.
Sands Gets Temporary License14 February 2003
News Brief: The New Jersey Casino Control Commission unanimously approved a temporary key license for Tom Davis to become president of Sands Casino Hotel, which has been floundering for more than a year amid a merry-go-round of executive changes.
Jupiters Makes Decision by March 114 February 2003
International News Brief: The Jupiters Ltd board will meet in two weeks to consider whether to merge its operation into Queensland race wagering outfit UNiTAB Ltd, or be taken over by Victorian gaming giant Tabcorp Holdings Ltd.
Report: Green Bay's Bars Have Illegal Machines14 February 2003
Half the bars in Green Bay, Wisconsin, have video slots and poker machines, even though the devices are illegal, according to a newspaper report.
Regulators: Casino Hiding Behind Bankruptcy14 February 2003
News Brief: Emerald Casino has filed a reorganization plan that left Illinois regulators concerned that investors in the stalled riverboat project may be trying to use the protection of federal bankruptcy court to back out of a deal to sell their assets at no profit.
Eight-Liners' Popularity, Problems Grow14 February 2003
News Brief: Despite stiff permit fees and an ongoing review of the legality of eight-liners by the Texas Supreme Court, the popularity of eight-liners appears to be growing in the Coastal Bend, along with the social problems that come with it.
Philadelphia Mayoral Candidate Proposes Non-Profit Run Casino14 February 2003
News Brief: Republican mayoral candidate Sam Katz is proposing a nonprofit corporation that would capture the bounty of casino profits for the public good.
Venture Catalyst Reports Loss14 February 2003
VCAT reported a loss for this quarter of $570,000, or $0.08 loss per share. This compares with a net loss of $9,142,000, or $1.27 loss per share, for the same period in the prior year.
Isle Of Capri Casinos Results Flat14 February 2003
For Q3, the company reported net income of $8.4 million or $0.28 per diluted share. This compares to net income for Q3 2002 of $8.1 million, or $0.27 per diluted share.
Boyd Gaming Results Still Strong14 February 2003
In Q4 2002, Boyd Gaming reported its third best adjusted earnings per share and EBITDA ever, exceeded only by the first and second quarters of 2002.
IGDC to Advise Big Valley Rancheria Expansion14 February 2003
Indigenous Global Development Corporation has been signed as the the financial advisor for the Big Valley Rancheria's upcoming $40 to $60 million Tribal Revenue Bond measure.
Choctaw Resort Development Enterprise Reports Growth14 February 2003
Choctaw Resort Development reports revenues grew in all areas with gaming revenues increasing $8.4 million, or 15.7%, to $61.9 million for Q1 2002 from $53.5 million for Q1 2001.
Interactive Systems Worldwide Reports Loss14 February 2003
Net loss and net loss per share for 2003 represented decreases by 367% and 380% to ($1,257,000) and ($0.05), respectively. The decrease is the result of lower revenues and higher costs.
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