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Gaming News Archives - Page 4956Philippines' Illegal Gambling Lord Faces Arrest19 September 2002
International News Brief: Suspected big-time jueteng lord Melchor Caluag, will find himself facing two more warrants of arrests for illegal gambling after he emerge from the hospital where he is recuperating from gunshot wounds he suffered from an attack.
Seattle Casino Files for Bankruptcy19 September 2002
News Brief: Seattle’s Funsters Grand Casino filed for bankruptcy, almost half a year after gambling regulators filed charges against the casino for not having enough money to pay out jackpots and issuing employees bad paychecks.
Mississippi Casino Revenue Plunges19 September 2002
News Brief: Mississippi casino officials and casino analysts are befuddled over August's revenue figures, which indicate double-digit drop-offs from July's record winnings and from last August.
Colorado Casino Take up From 200119 September 2002
News Brief: Colorado casinos reported $64.6 million in adjusted gross proceeds in August, down just $973 from July's record month.
Executives Explain Growth Strategies19 September 2002
A parade of executives from major Las Vegas casino companies impressed visitors at an industry conference and trade show Wednesday with bullish financial outlooks for the remainder of the year and early next year.
Australian Operator Warns of Short Term Difficulties19 September 2002
International News Brief: Australian casino and resort operator Burswood Ltd today warned operating conditions would remain difficult in the short term.
Casino Companies Balance High-Tech and Retro19 September 2002
News Brief: Casino companies are exploring cutting edge technology and, at the same time, investing big in slot machines that have a nostalgic appeal, bingo and race tracks.
Park Place: Borgata's New Casino Will Expand New Jersey Market19 September 2002
News Brief: A new casino being built by Borgata will at first draw some revenues away from Park Place Entertainment, but over the long term the addition should expand the Atlantic City market, Chief Financial Officer Harry Hagerty says.
Harrah's New CEO Plans More Targeted Marketing19 September 2002
News Brief: Harrah's plans to sustain its recent growth by treating gambling as a commodity and marketing the pastime with the same sophisticated methods used by other industries, according to the company's new CEO.
MGM Mirage Anticipates Good Q3 and Q419 September 2002
News Brief: MGM Mirage Chief Financial Officer Jim Murren backed analysts' earnings estimates for the year, saying the third and fourth quarters both look good.
MGM Mirage Aims for Native Contract19 September 2002
News Brief: MGM Mirage is making a major push into high-growth native American gaming, with its sights set on winning a management contract within a year, according to Chief Financial Officer Jim Murren.
Mandalay President: Market Underestimates Us19 September 2002
News Brief: Mandalay Resort Group President and CFO Glenn Schaeffer said `the market underestimates the earnings power of this company, particularly our free cash flow.’
Paul-Son Receives Delisting Notice From Nasdaq19 September 2002
Paul-Son Gaming has received notification from Nasdaq indicating that Paul-Son's securities are subject to delisting from the Nasdaq SmallCap Market.
Station Casinos Completes New Bank Facility19 September 2002
Station Casinos has completed its new $365 million revolving bank facility, which refinances its $234.8 million reducing revolving credit facility.
Lebanese Casino Union Prepares for Strike19 September 2002
International News Brief: Lebanon’s Union of Casino Gambling Workers says that they would begin an open strike on Monday.
Macau Casinos Pay Bulk of Government Revenues19 September 2002
International News Brief: Casinos in Macao are tipped to pay gaming taxes totaling 7 billion patacas ($US75 million) this year, accounting for a bulk of government revenues.
Poll: Pennsylvanians Support Gambling Expansion19 September 2002
News Brief: Pennsylvanians favor legalizing slot machines at race tracks and riverboat gambling, a poll released today shows.
Former Australian Gaming Watchdog Keeps Salary19 September 2002
International News Brief: News Brief: Victoria’s chief gaming watchdog will keep a salary of more than $170,000 a year despite being dumped from the position yesterday.
Rhode Island Gambling Commission: Casino's Fate Depends on State's Cut19 September 2002
News Brief: According the Rhode Island Special House Commission to Study Gambling, the chances of proposed tribal casino getting approval from the state depends on how much the gaming revenues will be shared with the state.
California Casino's Legality Undecided19 September 2002
News Brief: Although state officials were silent this weekend as the Dry Creek band of Pomo Indians opened Sonoma County's first casino, Attorney General Bill Lockyer has yet to determine whether the tribe's land is eligible for gaming under federal and state law.
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