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Gaming News Archives - Page 4947Mohegan Tribal Gaming Authority Enters Loan Agreement26 March 2003
The Mohegan Tribal Gaming Authority has entered into an Amended and Restated Loan Agreement for up to $391 million from a syndicate of 12 institutions and commercial banks.
Washington Racing Commission Members Resign26 March 2003
News Brief: Washington Governor Gary Locke’s two recent appointees to the state’s Horse Racing Commission have resigned after speculation that they both faced highly contentious confirmation hearings.
Anti-Gambling Advocates Criticize Illinois Gaming Committee26 March 2003
News Brief: The chairman of the Illinois House Gaming Committee on Tuesday angrily ended questioning of anti-gambling advocates after their testimony intimated that panel members were swayed by campaign contributions from the gambling industry.
Florida Casino Cruises Stalled26 March 2003
News Brief: Day cruise operator SeaEscape Cruises canceled two sailings from Port Everglades on Tuesday when a contractor enforced a lien against its ship, preventing the ship from leaving port.
Gambling Foes Oppose Opening up Montana Gaming26 March 2003
News Brief: Three anti-gambling groups have weighed in against House Bill 757, which would create a special entertainment zone in Butte and legalize wide-open gambling at 10 casinos with no betting limits or time restrictions.
Vancouver, B.C. Considers Slots at Track26 March 2003
News Brief: Slot machines are being considered by Vancouver city hall but only at the Hastings Park racetrack.
Minnesota Tribes Want Casino26 March 2003
News Brief: Northwest Minnesota’s two Indian tribes want a piece of the casino pie, and some legislators who historically oppose expanded gambling are on their side.
Idaho Republicans Insist on 30 Percent Casino Tax26 March 2003
News Brief: Efforts to settle the legal case over the state's racetrack taxes out of court bogged down Tuesday, with Republican legislators in the Senate deciding to insist on a 30 percent tax rate for all three of the state's land-based casinos.
Detroit's Casinos an Example for Maryland26 March 2003
News Brief: The three glitzy casinos in the heart of Detroit, Michigan, offer a preview of what Maryland could expect if the General Assembly approves expanded gambling this year.
Standard & Poor: Prolonged War Could Hurt Casino Ratings26 March 2003
News Brief: Ratings of U.S. gaming companies could be lowered if the war in Iraq lingers or if there are terrorist attacks on the United States, Standard & Poor's said.
Jacobs Entertainment Revenue Up26 March 2003
Net Revenues for Q4 were $40.8 million compared to $11.1 million in Q4 2002.
Poll Shows Interest in Horse Racing Increasing25 March 2003
News Brief: For the third straight year, interest in horse racing increased from the previous year.
Magna Names New Executive Vice-President of Gaming25 March 2003
Magna Entertainment Corp. reports that Paul Micucci has been named Executive Vice-President of MEC's Gaming Division.
Greektown Lays Off Vice Presidents25 March 2003
News Brief: Greektown Casino laid off three vice presidents late last week, including the heads of its slot machine and customer service departments, in a cost-cutting management shakeup.
Disabled Lottery Vendors to Petition King25 March 2003
International News Brief: Thailand’s disabled lottery vendors will appeal to the king for help if the government rejects their demands to cancel the proposed installation of online lottery machines.
Critics: Problem Gambling Analysis Flawed25 March 2003
Nevada's casino industry has issued a rebuttal to a controversial study by two University of Nevada, Las Vegas professors who generated figures on what addicted gamblers in Clark County cost society.
MGM Harassment Claim to Go to Trial25 March 2003
News Brief: The U.S. Supreme Court refused to free MGM Mirage Inc. from a lawsuit by a gay former employee who says he was sexually harassed by male co-workers.
Scientific Games Awarded On-Line System Contract for Peru25 March 2003
Scientific Games Corporation has been awarded a contract to supply a Peruvian company, International Lotto Corp. The new contract could be worth approximately $30 million over the initial five-year period.
Casino Stocks Slip as Battle Persists25 March 2003
News Brief: Fears of a long war between the United States and Iraq caused casino and leisure stocks to slide Monday.
Seneca Predicts $200 Million Profit25 March 2003
News Brief: The Seneca Nation expects to make about $200 million in profits from the tribe's 24-hour gambling casino during its first year of operation.
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