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Gaming News Archives - Page 5002Pinnacle Entertainment Loss Shrinks in Q421 February 2003
Pinnacle’s net loss was $6.7 million, or $0.26 per share, for Q4, compared to a net loss of $22.2 million, or $0.87 per share, in Q4 2001.
Gambling Seen as Solution to Ailing Washington State21 February 2003
News Brief: A proposed expansion of legalized gambling in Washington could raise $84 million for the cash-strapped state during the next two years, according to an estimate prepared for the House Commerce and Labor Committee.
Reno Casinos Want Taxes Lowered21 February 2003
News Brief: Some Reno casinos are trying to get their tax bills lowered.
Illinois Riverboat Casinos Legislation Introduced21 February 2003
Casino gaming legislation was introduced this week that would generate more tax revenue and economic activity for Illinois in the face of growing competition from casinos in neighboring states.
Korea Racing Association Wants Changes to Horse Racing20 February 2003
International News Brief: The Korea Racing Association is setting out to change the reputation of horse racing in South Korea.
Shuffle Master Reports Q1 Results Up20 February 2003
For Q1, Shuffle Master reported revenue of $14.2 million, net income of $3.3 million and earnings per diluted share of $0.19.
Monarch Casino & Resort Reports Record Q4, Year Results20 February 2003
Net income for 2002 was $8,603,346, or $0.90 per share, an increase of 87% over $4,601,764, or $0.49 per share for 2001.
MOON Resort and Casino Releases Second Phase Plans20 February 2003
The second phase of MOON Resort and Casino will consist of an 18-hole championship golf course which, when completed, will be some 7,500 yards in length and capable of hosting a world-class PGA tournament.
Casino Company Waits for Edmonton Council Hearing20 February 2003
News Brief: Gateway Casino, the company that hopes to build a new downtown casino will have to wait until next week to hear if city council supports the plan.
Israeli Floating Casino Threatens to Move20 February 2003
International News Brief: Casinos Austria, the owner of the Casino Cancun floating casino in Eilat, is threatening to move the boat across the border to the neighboring Jordanian port of Aqaba.
Tribe Seeks Land for Sacramento Casino20 February 2003
News Brief: The Upper Lake Band of Pomo tribe has asked a federal judge to give it land for a casino in West Sacramento, California.
Connecticut Lottery Offers Treasure Hunt20 February 2003
News Brief: Connecticut's lottery players soon will be able to insert a CD-ROM into their home computers, type in an access code from their instant lottery tickets, and embark on an animated hunt for cash prizes.
Analyst Initiates MGM Mirage, Harrah's Coverage20 February 2003
New Brief: Investment firm Blaylock & Partners, L.P. has initiated coverage on MGM Mirage and Harrah's Entertainment Inc. with `hold’ ratings.
Keno Removed for Indiana Budget20 February 2003
News Brief: Indiana House lawmakers removed Keno from the state budget, while other gambling bills continue to move through the General Assembly.
Wisconsin Governor: No Expansion Outside of Tribal Casinos20 February 2003
News Brief: He’s willing to let more gambling take place inside Indian casinos, but Governor Jim Doyle says that the expansion of gaming in Wisconsin stops there.
Pennsylvania Wants West Virginia's Slot Success20 February 2003
News Brief: Some Pennsylvania lawmakers and track owners want to give the state to legalize slot machine gambling at horse racing tracks. Their neighbors in West Virginia pose as an example of the success of slots at tracks.
Study: Internet Blocking Could Derail Innocent Sites20 February 2003
News Brief: A Harvard study concludes that instead of precisely targeting only objectionable sites, attempts to restrict Internet addresses with pornographic, political or gambling-related content inevitably make legitimate sites unreachable too.
Nebraska Legislature to Debate Gambling Issues20 February 2003
News Brief: Unable to reach a consensus on the issue of expanded gambling, a legislative committee advanced two measures for debate Wednesday that would ask voters to allow casinos in Nebraska.
Powerball Jackpot Reaches $42 Million20 February 2003
Because no one correctly matched all six numbers in Wednesday's drawing the jackpot will grow to an estimated $42 million.
MGM Mirage, Harrah's Rank High in Fortune's List20 February 2003
MGM Mirage and Harrah's Entertainment again ranked near the top of Fortune's annual list of most admired hotel/casino operating companies, according to the magazine's February edition.
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