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Gaming News Archives - Page 4873

 
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Armed Robbers Make Off with Cash from Pennsylvania OTB

27 January 2003
News Brief: Three armed robbers stole an undisclosed amount of cash early Saturday morning from an off-track betting parlor in Moon, Pennsylvania, operated by Magna Entertainment Corp.’s The Meadows Standardbred racetrack.
 

Most Internet Gambling Takes Place During Work Hours

27 January 2003
News Brief: Most traffic at Internet gambling sites occurs from 9 a.m. to 5 p.m., when America is working, according to a survey conducted last year by Harris Interactive Inc.
 

Quebec Gambling-Linked Suicides Down

27 January 2003
News Brief: The number of suicides linked to compulsive gambling was down in 2002 over previous years, according to the Quebec coroner's office.
 

Gambling Online Over Saddam's Fate

27 January 2003
News Brief: Some Singaporeans are jumping at the chance to buy futures contracts traded on the Internet over when Iraqi President Saddam Hussein is likely to be ousted from power.
 

Principal Accused of Gambling with Embezzled Money

27 January 2003
News Brief: A retired Chicago elementary school principal has accused of embezzling $66,000 in school funds while racking up a $170,000 gambling debt at the Hollywood Casino in Aurora, school officials say.
 

Borgata Hears from Thousands for Jobs

27 January 2003
News Brief: Hundreds of job-seekers have been flocking to the Borgata's employment center each day since it opened last week on the fourth floor of the Atlantic City Convention Center.
 

Classroom to Casino

27 January 2003
News Brief: It was economics that pushed John Ferrucci to start working in casinos more than 25 years ago.
 

Tracinda Corporation Signs Deal with Bear, Stearns & Co.

27 January 2003
Tracinda Corporation has entered into a firm commitment underwriting agreement with Bear, Stearns & Co. Inc. for the sale of 25 million shares of common stock of Metro-Goldwyn-Mayer Incat a price to the public of $10.25 per share.
 

Moody's Assigns Rating To Penn National's Bonds

27 January 2003
News Brief: Moody's assigned a B1 rating to Penn National Gaming, Inc.'s proposed $1 billion secured bank credit facility and confirmed the company's existing ratings.
 

Moody's May Lower Hollywood Casino Shreveport Ratings

27 January 2003
News Brief: Moody's placed the ratings of Hollywood Casino Shreveport on review for possible downgrade based the current performance of the casino property relative to initial expectations.
 

Moody's May Raise Hollywood Casino Corp.'s Ratings

27 January 2003
News Brief: Moody's placed the ratings of Hollywood Casino Corporation on review for possible upgrade based on the expectation that the acquisition of HCC by Penn National Gaming, Inc. will occur, and that the HCC notes will be refinanced.
 

Saskatchewan Anti-Gambling Groups Mobilize

27 January 2003
News Brief: Saskatonians fighting casino expansion are also battling time as they begin collecting signatures on a petition to force the city to call a referendum.
 

Non-Indian Interests Push for Electronic Gambling

27 January 2003
News Brief: More than a thousand card dealers and other non-Indian gambling activists rallied last week in favor of a proposal to dramatically increase the number of electronic gambling machines in Washington.
 

Las Vegas Man Proposes Casino for Maine Track

27 January 2003
News Brief: Bangor officials are considering a Las Vegas businessman's $30 million plan to add hotel, restaurant and casino facilities to Bass Park's harness racing track.
 

Ontario Finally Releases Gambling Report

27 January 2003
News Brief: The Ontario government finally released its lottery and gaming corporation's 2000-2001 annual report, nearly two years after that fiscal year ended, in what critics called a glaring lack of public accountability.
 

Georgia Study Finds Lottery Hurts the Poor

27 January 2003
News Brief: People who play the Georgia lottery the most are those who can least afford it, and they're less likely to benefit from it, according to a University of Georgia study.
 

Australia Balancing Gambling Profits Against Social Problems

27 January 2003
International News Brief: Australia’s new poker machine license regulations require the applicants to weigh up the adverse social impact against economic benefits of their plans.
 

Wynn to Receive Award

27 January 2003
Steve Wynn will receive the seventh annual Pioneer Award from the International Society of Hospitality Consultants this week.
 

$25 Million Gambling Ring Busted

27 January 2003
News Brief: A $25 million gambling ring in Brooklyn was sidelined by the arrests of nine alleged bookies in an annual Super Bowl roundup by District Attorney Charles Hynes.
 

Most States Excluded from Lucrative Sports Betting Market

27 January 2003
News Brief: A decade old federal keeps revenue-starved states on the outside of an estimated $80 billion to $380 billion illegally bet on sporting events in the United States each year.
 


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