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Gaming News Archives - Page 5028MGM Shares Plunge 17 Percent21 January 2003
News Brief: Shares MGM plunged more than 17 percent Tuesday after its principal owner, billionaire Kirk Kerkorian, said he intends to sell 28.75 million of his MGM shares to generate a tax loss.
Great Canadian Acquires Washington State Casino21 January 2003
Great Canadian Gaming has acquired all of the business assets, real estate, undertaking, intellectual property and good will of Big Al's Casino in Everett, Washington.
Aristocrat, IGT Settle Patent Lawsuit21 January 2003
Aristocrat Technologies and International Game Technology have settled their patent and trademark infringement dispute.
Anthony Cabot's Internet Gambling Report V Now Available21 January 2003
Anthony Cabot's Internet Gambling Report offers a thorough, updated review of the legal and political climate for Internet gambling throughout the world.
Herbst Gaming Reports Preliminary Q4, Fiscal Year Results21 January 2003
Herbst Gaming expects net revenues for 2002 to be approximately $250 million and 2002 EBITDA to be between $39.0 million and $40.0 million.
Supreme Court Looks at Louisiana Contribution Law21 January 2003
News Brief: A Louisiana law banning campaign contributions from the casino gambling industry is getting a good look from the U.S. Supreme Court.
California City Considers Casino Plan21 January 2003
News Brief: Richmond city councilors are still considering a lucrative waterfront casino despite Governor Davis’ speech against urban gambling houses.
Wynn Expecting to Win in Macau21 January 2003
The Strip developer expects to break ground on his planned $500 million Macau casino by April, but said recently that investors haven't caught onto the property's prospects.
Reno Casino Owners Wants Property Condemned21 January 2003
News Brief: The owner of one of the last small casinos in downtown Reno wants the city to condemn the property so he can sell the unrestricted gambling license to lawyer and lobbyist Harvey Whittemore.
Atlantic City Round-Up21 January 2003
News and views from Atlantic City including: New Jersey Govenor abandons attempts to bolster state budget by adding video lottery terminals at racetracks, Trump's plans for refinancing will not be opposed by the New Jersey Division of Gaming Enforcement, and slot machine revenues take an increasingly bigger piece of the revenue pie.
Gambling Legislation: Definition May Vex Bet Foes21 January 2003
The online video game industry, which allows thousands of players to wage virtual wars against each other, faces possible collateral damage from a very real world battle to curb Internet gaming.
DrHo.com, i2corp.com Settle Patent Lawsuit21 January 2003
In one of few intellectual property disputes of its kind related to Internet gambling, a startup Internet enterprise has settled a patent infringement lawsuit against the operator of an Antigua-based Web casino.
Australian Machine Makers Challenge Board Decision21 January 2003
International News Brief: Gambling machine makers have challenged a decision to reject new pokie features offering bigger wins and more free games, saying it could end up taking the enjoyment out of playing.
India's Lottery Dealers on Hunger Strike21 January 2003
International News Brief: Hundreds of lottery traders and roadside hawkers decided to go on a hunger strike on January 22 urging India’s Government to lift the ban on raffles.
South African Gaming Board Executive Suspended21 January 2003
International News Brief: A South African Gaming Board has suspended its chief executive pending a forensic audit into suspected financial mismanagement.
Judge Dismisses Convictions In $1 Million Gambling Case21 January 2003
News Brief: A federal judge has thrown out most of the convictions against a former professional football player found guilty of running a million-dollar sports betting business.
California Tribal Casino Stakes High21 January 2003
News Brief: With key portions of the tribal-state agreements up for renegotiation, tribes and California officials are gearing up for high-stakes bargaining that could determine the shape of one of the state's fastest-growing and richest industries.
Boston Tracks Face Hurdle21 January 2003
News Brief: Boston-area racetrack owners face a new obstacle in a coalition of hostile state lawmakers even as they lobby hard on Beacon Hill for the right to roll out thousands of slot machines.
Columnist: Don't Take NFL Ban Too Seriously20 January 2003
According to columnist Dean Juipe, don't take the NFL's ban on Las Vegas TV ads too seriously. The city has got a lot of mileage out of the controversy and will almost certainly have the last laugh.
Bet up to $1 Million on Super Bowl XXXVII at BetWWTS.com20 January 2003
Realizing that bettors demand the most from their sports book, BetWWTS.com today announced that the company will accept individual wagers of up to $1 million on Super Bowl XXXVII.
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