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Gaming News Archives - Page 4862Las Vegas Sands Previews Q4 Results9 January 2003
Las Vegas Sands Inc. expects to report consolidated adjusted EBITDAR in the range of approximately $55 to $59 million for Q4 2002.
Expert: Future of Slot Makers Looks Good9 January 2003
Many Wall Street analysts have been bullish on International Game Technology and Alliance Gaming Corp. of Las Vegas even as they have cut ratings and earnings estimates for casino companies.
Trump Indiana Manager to Join Taj Mahal9 January 2003
News Brief: Catherine Walker, general manager of the Trump Indiana riverboat casino for 21/2 years, will become Taj Mahal Casino Resort’s chief operating officer in the next few months.
Gaming Investors Cash Out9 January 2003
News Brief: The four largest casino companies lost $1.2 billion in stock value Wednesday after two Las Vegas heavyweights said they would miss fourth-quarter earnings estimates in a big way.
Analyst: Red Tape Entangles Gaming Companies9 January 2003
The No. 1 issue facing the gaming industry today is regulatory red tape, Deutsche Bank Securities analyst Marc Falcone said Wednesday.
Analysts: Tough Times Ahead for Gaming Companies9 January 2003
On a day that Wall Street investment houses downgraded major casino company stocks and gaming shares tumbled more than 12 percent, analysts were predicting tougher times likely lie ahead.
Park Place Spokesman : Q4 Guidance Not Changed9 January 2003
News Brief: Park Place Entertainment has not changed its guidance to analysts for Q4 earnings, a spokesman said on Wednesday after competing casinos said profits would miss Wall Street targets.
Cash Systems to Provide Services At 15 Additional Casinos9 January 2003
Cash Systems, Inc. has entered into agreements to provide services at 15 additional casinos, including three for full service check cashing.
Scientific Games Wins Racing Contract From Poland Worth $4 Million9 January 2003
Scientific Games’s subsidiary, Autotote Systems, Inc. has been awarded the contract to provide racing services to the Poland racing organization, worth $4 million over the initial ten-year term.
New Zealanders Spent More, Lost More9 January 2003
International News Brief: New Zealanders lost over 14% more on lotto, horse racing, sports betting, casinos and poker machines in 2002 than in the year before.
Tribe, California Agency Argue Campaign Donations Case9 January 2003
News Brief: One of California's wealthiest and most influential Indian tribes tried to convince a judge Wednesday to dismiss a lawsuit by the state's political watchdog agency accusing it of campaign finance violations.
Report: South Carolina Black Colleges Received Lottery Money9 January 2003
News Brief: The General Assembly has illegally distributed about $3 million in lottery proceeds to five historically black colleges, the South Carolina attorney general's office says.
Congressman Renews Effort to Limit Internet Gambling9 January 2003
News Brief: Rep. James Leach, R-Iowa, renewed legislation Tuesday making it a crime to accept credit cards, checks and wire transfers for Internet gambling.
Judge Orders $112 Million Tax Refund to Iowa Racetracks9 January 2003
News Brief: A district court judge has ordered the state to repay $112 million in taxes and interest to racetrack casinos in Altoona, Dubuque and Council Bluffs.
New Poll Shows Support For Oklahoma Lottery9 January 2003
News Brief: A new poll finds that a majority of Oklahomans would support a statewide lottery.
Gambling Debate Forced Onto Iowa Legislation9 January 2003
News Brief: An Iowa Supreme Court ruling will force state legislative leaders to open a gambling debate this session, something they've worked hard to avoid in the past.
Detroit May Get Another Casino9 January 2003
News Brief: Metro Detroit could get another casino because outgoing Gov. John Engler cut a last-minute deal allowing Greektown Casino's owners to open one in either Romulus, southern Monroe County or Flint.
Arizona, Tribes Ready to Gamble9 January 2003
News Brief: The cards are on the table, Arizona’s Indian gaming compacts have been signed and Proposition 202 is in full effect.
Detroit Windsor Casino Management Association Chapter Begins Spring Certification Series8 January 2003
Gaming Stocks Drop on Year-End Results8 January 2003
Las Vegas casino stocks took a nosedive this morning after two major Strip operators that together control the most rooms on the Strip -- Mandalay Resort Group and MGM Mirage -- announced their earnings would be much lower than analysts' estimates.
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