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Gaming News Archives - Page 4856Regulators: 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.
Scientific Games Confirms 2002, 2003 Guidance14 February 2003
Scientific Games states that previously announced 2003 fully diluted earnings per share guidance of $0.50 - $0.60 is increased to $0.53 - $0.63 to reflect the completed acquisition of MDI Entertainment, Inc.
Edmonton Casino Owners Plan Move, Expansion14 February 2003
News Brief: Gateway Casinos, the new owner of the Baccarat Casino, said it wants to move into a new $30-million facility rivalling the city's other three casinos in size.
School Official Stole Proceeds for Gambling13 February 2003
News Brief: A former school athletic director has admitted skimming ticket proceeds to pay for his gambling.
Addict Recounts Hardship13 February 2003
There are an estimated 30,000 Southern Nevadans who are problem gamblers. This is one of their stories.
UK Gaming Empire Faces Job Loss13 February 2003
International News Brief: Administrators were last night fighting to save the jobs of 400 people working for the Mason's gambling empire.
Greek Gaming Ban Gets More Heat13 February 2003
International News Brief: The European Union has warned Greece: Drop its controversial law banning electronic games in public or get hauled into court for hampering the free movement of goods.
Casino Giants Jockey for Illinois License13 February 2003
Wynn Resorts, MGM Mirage and Harrah's Entertainment are jostling for position in an effort to gain the elusive 10th Illinois riverboat casino license, as insiders say a casino near Chicago could be a cash cow for the operator and the state.
Study: Problem Gambling Costs Vary Widely13 February 2003
In the first study claiming to pinpoint the social costs of problem gambling in Southern Nevada, researchers estimate that problem gamblers cost the community at least $300 million a year and may even cost as much as $900 million.
Nevada Annual Casino Win Again Declines13 February 2003
For the second straight year, winnings by Nevada casinos fell but the industry showed a mini recovery in the last six months of 2002.
Sigma Game Wins 90-Day License13 February 2003
News Brief: A Cole County judge has ordered the Missouri Gaming Commission to issue Las Vegas-based slot machine maker Sigma Game Inc. a 90-day license.
Rhode Island House Hears Pros, Cons of Gaming13 February 2003
News Brief: A Nevada expert told a House panel studying gambling on Wednesday that states approve gambling for more tax revenue, new jobs, increased tourism and to combat illegal gambling.
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