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Gaming News Archives - Page 4922Crooked Tax Assessor Gambled with Bribe Money29 October 2002
News Brief: A corrupt tax assessor who helped cheat New York out of $160 million said yesterday he resorted to taking bribes because he was a lousy gambler.
Life Goes On After Lottery Win29 October 2002
News Brief: Winning a $3.7 million lottery prize was a surprise and shock for retired peach farmer George Cox. But he said it won't change much about his daily life.
US Gambling Trips Cost Korean Businessman29 October 2002
International News Brief: A 55-year-old former construction company chairman was indicted on charges of violating Korea's foreign exchange control law. He is suspected of borrowing money from the Mirage for casino gambling.
Car Dealer Commits Bank Fraud for Gambling Money29 October 2002
News Brief: A former Chevrolet dealer has confessed to committing bank fraud. He used most of the money for gambling at a casino.
New Zealand's Sky City Expects Another Strong Year29 October 2002
International News Brief: New Zealand casino operator Sky City Entertainment Group Ltd. reiterated that it expects to repeat recent robust earnings growth in the current financial year.
Pinnacle Entertainment Adds Attorney to Board29 October 2002
Pinnacle Entertainment reports that gaming attorney Bruce A. Leslie has joined its Board of Directors.
Gaming Standards Association Appoints President29 October 2002
The Gaming Standards Association reports the appointment of Peter DeRaedt as President.
Australian Telecommunication Company Targets Bettors29 October 2002
International News Brief: Hutchinson Telecommunications may tempt consumers with mobile betting when it launches its third generation mobile data network early next year.
Wynn Director's Firm Buys 1 Million Shares29 October 2002
Zenith National Insurance Corp. has agreed to buy 1 million shares of Wynn Resorts Ltd. common stock from the company at the initial public offering price of $13 a share.
Pennsylvania Reaping in Powerball Windfall29 October 2002
News Brief: Pennsylvania is reaping a windfall since becoming the 22d state to join the multi-state Powerball lottery. After only four months, lottery revenues are up $39.2 million over the same period last year.
GLI Celebrates Grand Opening of World Headquarters29 October 2002
Gaming Laboratories International, Inc. celebrated the grand opening of its newly built World Headquarters in Lakewood, New Jersey.
San Diego Soccer Development Signs Letter of Intent to Buy Golo Lotto Assets29 October 2002
San Diego Soccer Development Corp has signed a letter of intent to acquire a fifty-one percent interest of the assets of Golo Lotto, a wholly owned subsidiary of Latin American Futbol Corp. of Miami, Florida.
Shuffle Master's Betting on Slot Machines29 October 2002
News Brief: Shuffle Master is continuing to build its hand in slot machines, where it holds less than a 1% market share. Key to the firm's strategy is its software system, which can run any video game on a slot machine without having to change the entire box.
Aristocrat Receives Nevada Approval for New Platform29 October 2002
Aristocrat has received approval from Nevada gaming regulators for its new slot platform, MKVI, following a successful field trial at Harrah's Las Vegas.
Scientific Games Loss Widens29 October 2002
Scientific Games reports the diluted loss per share available to common stockholders was $0.06 in Q3 2002 compared to a loss of $0.01 in 2001.
IGCA Anticipates Loss for Q329 October 2002
For Q3, IGCA anticipates that it will record a loss of $2,475,000, or .73 cents a share, versus a loss of $11,222,000, or $5.60 per share recorded last year.
Las Vegas Sands Reports Strong Results29 October 2002
Record Q3 revenues were $152.8 million, up 24.0 percent from revenues of $123.2 million in 2001. Income was $15.0 million, as compared to a loss of $6.0 million last year.
Australia's Breakwater Recommends Jupiters' Cash Bid29 October 2002
International News Brief: The independent directors of Australia's Breakwater Island Trust have formally recommended unitholders accept a cash takeover offer from casino operator Jupiters Ltd.
Majestic Star Casino Reports Strong Q3 Results29 October 2002
Net income was $1.2 million for Q3, compared to a loss of $119,000 last year, an improvement of $1.3 million. Net revenues were $33.5 million, compared to approximately $30.0 million for last year, a new quarterly record.
$4.4 billion: Price Paid for Gaming29 October 2002
International News Brief: Almost $4.4 billion was lost by people gambling in Victoria, last financial year, according to the annual report of the Australian state's Casino and Gaming Authority.
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