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Gaming News Archives - Page 5030

 
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Many First Hires Still with Isle

24 July 2002
News Brief: Sharon Westbrook, who has been a dealer at the Isle since the casino opened nearly 10 years ago, remembers that first day on the job well. She is one of 65 of the casino's original employees still working at the Isle.
 

UK Gambler Banned After Winning £14,000 in a Month

24 July 2002
International News Brief: Corals, the bookmaker, has banned a gambler because he was too successful.
 

Six Years Jail for Gambling Company Money

24 July 2002
International News Brief: An Australian Former director whose failed carpet business owes creditors $32 million has been jailed for six years for gambling away some of the money and spending other amounts on himself and his wife.
 

New Zealand's Casino Reality Not So Glamorous

24 July 2002
International News Brief: The image of a casino is one of glitz, where you might stumble on James Bond casually playing blackjack. The reality in Auckland, New Zealand, has not proved to be quite so glamorous.
 

Greate Bay Casino Corporation Announces Liquidation

24 July 2002
Greate Bay Casino reports that it has completed liquidation in accordance with the Chapter 11 Plan confirmed by the United States Bankruptcy Court in the District of Delaware.
 

Dover Downs Declares Regular Quarterly Dividend

24 July 2002
Dover Downs Gaming & Entertainment Board of Directors today declared a regular quarterly cash dividend on both classes of common stock of $.0375 per share.
 

Ameristar Casinos Names New Vice President

24 July 2002
Ameristar Casinos, Inc. has promoted Tom Malone to the position of vice president/controller.
 

Analyst Initiates Coverage of Boyd, Pinnacle

24 July 2002
Investment banking firm Thomas Weisel Partners has initiated coverage of Boyd Gaming Corp. and Pinnacle Entertainment Inc.
 

Analysts Raise Harrah's Earnings Estimates

24 July 2002
Several Wall Street analysts raised earnings estimates on Las Vegas Strip operator Harrah's Entertainment Inc. following the company's strong second-quarter results released last week.
 

Analyst Upgrades MGM Mirage

24 July 2002
Prudential Securities gaming analyst William Lerner has upgraded shares of MGM Mirage from `hold' to `buy,' citing the company's relatively low stock price, stronger-than-expected second quarter results and expected future growth.
 

CryptoLogic Realigns Compliance Team

24 July 2002
CryptoLogic has announced the realignment of its regulatory compliance team. The announcement follows the resignation of David Outhwaite as Chief Operating Officer.
 

Resorts Atlantic City Reports Q2 Earnings Up

24 July 2002
Resorts Atlantic City reports EBITDA rose 19% to $11.3 million compared to $9.5 million in Q2 2001.
 

MGM Mirage Reports Record Q2 Results

24 July 2002
MGM Mirage reported Q2 diluted earnings per share of 56 cents. These earnings are an all-time record for the Company and an increase of 17% compared with 48 cents earned on a similar basis in the 2001 quarter.
 

Aztar Reports Q2 Earnings Up, Revenues Flat

24 July 2002
Aztar reports EBITDAR of $54.8 million, up from $52.7 million in the Q2 2001. Revenues of $211.1 million, are flat with last year.
 

MGAM'S Q3 EPS Up By 194%

24 July 2002
Multimedia Games reports that diluted earnings per share for Q3 2002, were $0.47, which represents a 194% increase over Q3 2001.
 

Churchill Downs Reports Record Q2 Revenues, Higher Earnings Per Share

24 July 2002
Net revenues for Q2 reached $172.6 million, an increase of 5.7 percent, compared with $163.3 million for Q2 2001. Net earnings for the quarter were $23.1 million, a 5.5-percent increase over $21.9 million in 2001.
 

Ameristar Casinos Reports Strong Financial Results For Q2 2002

24 July 2002
Ameristar Casinos reports net revenues of $166.3 million, an increase of $19.1 million, or 13.0 percent, from Q2 2001.
 

Australian Hotels Punish for Anti-Poker Machine Stand

24 July 2002
International News Brief: Some hoteliers are being punished for taking a stand against the insidious poker machines.
 

Nebraska Gambling Petition Challenged

24 July 2002
News Brief: Calling the petition drive to legalize video slot gambling `insidious’ and a threat to the state, a grass-roots group has filed a lawsuit challenging the petition's legality.
 

UK Committee: Betting Laws Won't Cause More Gambling

24 July 2002
International News Brief: Planned liberalisation of Britain's betting laws will not result in a flood of new players getting hooked on gambling, an MPs' report predicts.
 


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