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Gaming News Archives - Page 4868

 
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Head of Illegal Gambling Ring Sentenced

30 January 2003
News Brief: The man investigators called the `'big fish'’ behind an illegal gambling scheme that operated out of General Motors Corp.'s Lordstown fabricating plant will do six months in jail.
 

Aussie Bank Manger Sentenced for Stealing

30 January 2003
International News Brief: A Melbourne bank manager stole almost AUD$4 million from BankWest will spend at least two-and-a-half years in jail. Of that, he spent AUD$2.8 million on himself, gambling at a casino and at the track and on overseas trips.
 

Odds Are Punxsutawney Phil Will See His Shadow

30 January 2003
BetWWTS.com offers odds on whether or not the world's smallest and furriest weather forecaster, Punxsutawney Phil, will see his shadow predicting when winter ends and spring begins.
 

Trump Applies Himself

30 January 2003
The Donald just wants to make the dollar. At least that's what developer Donald Trump says about his $1.7 million stake in the Riviera's parent company.
 

MGM Mirage Interested in South Boston

30 January 2003
News Brief: MGM Mirage is eager to roll the dice in South Boston, where it envisions building a casino and entertainment complex near the state's struggling $800 million convention center.
 

Kerzner Drops Internet Gambling Operation

30 January 2003
Citing the uncertain profit potential of legalized Internet gambling, resort owner Kerzner International Ltd. said Wednesday it will exit the business by discontinuing Kerzner Interactive, its online gambling division.
 

Moody's Upgrades Sands' Debt Ratings

30 January 2003
Moody's Investors raised the debt ratings of Las Vegas Sands Inc., owner of the $1.5 billion Venetian hotel-casino on the Las Vegas Strip.
 

Mohegan Tribal Gaming Q1 Results Strong

30 January 2003
Mohegan Tribal Gaming Authority reports the adjusted EBITDA for Q1 increased by $20.3 million, or 40.3%, to $70.6 million from $50.3 million for Q1 2001. Net income increased 159.4% to $20.3 million.
 

UKbetting Launches New Live Wagering Service

30 January 2003
UKbetting is launching Interactive Systems Worldwide Inc.'s SportXction wagering system on a second web site.
 

Global Cash Access Signs New Contracts

30 January 2003
Seneca Niagara Casino and 14 other gaming properties recently signed contracts to use the innovative products and services of Global Cash Access.
 

Dover Downs Gaming Q4, Fiscal Year Results Up

30 January 2003
Dover Down’s gross revenues increased 14.7% to $51,604,000 compared with $44,996,000 for the Q4 2001. Net earnings were $4,238,000 or $.16 per diluted share compared with $4,654,000 or $.17 per diluted share for Q4 2001.
 

Trump's Loss Shrinks

30 January 2003
Trump reported consolidated net loss for 2002 was $12.0 million, or $0.54 per share net of minority interest of $6.9 million, compared to a net loss of $25.3 million loss, or $1.15 per share net of minority interest of $14.6 million, for 2001.
 

Dover Downs Gaming Declares Regular Quarterly Dividend

30 January 2003
Dover Downs Gaming Board of Directors today declared a regular quarterly cash dividend on both classes of common stock of $.05 per share.
 

Canada's Top Court Backs Gambling Law

30 January 2003
News Brief: The Supreme Court of Canada has confirmed a Manitoba law that gives communities the right to decide whether to allow electronic gambling machines in their towns.
 

New Jersey Casino Hiring Rules Criticized

30 January 2003
News Brief: Proposed casino-employment rules are unconstitutional because they still give preferences by race and gender, a high-powered lawyer for the Casino Association of New Jersey said Wednesday.
 

Advisory Vote Set on Video Gambling in South Carolina

30 January 2003
News Brief: South Carolinians never got the chance to vote on video gambling. Now a special election will give voters an opportunity to voice their opinion.
 

Tracks Rush to Apply for Pennsylvania Slot Licenses

30 January 2003
News Brief: Gov. Ed Rendell met with state regulators who oversee harness and horse racing to discuss a crowded field of applicants for new racetracks in Pennsylvania being fed by prospects of slot machines.
 

Oklahoma Legislators Introduce Gambling Bill

30 January 2003
News Brief: Three Oklahoma lawmakers have introduced bills in the state Legislature that would allow state racetracks to operate gaming devices such as bingo, pull tabs, punch boards, and tip jars.
 

Malaysia Won't Approve Gaming Permits

30 January 2003
International News Brief: The Malaysian government will not approve any new gaming permit, according to Deputy Chief Minister Tan Sri Datuk Amar George Chan Hong Nam.
 

Seneca Niagara Casino Gamble Paying Off

30 January 2003
News Brief: After a few hitches in the opening days of the Seneca Niagara Casino, the newest attraction on the American side of the falls seems to doing big business.
 


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