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Gaming News Archives - Page 5051Mandalay Predicts $40 Million Annual Hit from Tax Hike17 June 2002
Mandalay Resort Group says a pending hike in the Illinois gaming tax rate will cost it about $40 million in annual operating income, making it the latest company to quantify the impact from the unexpected tax increase.
Malta Racetrack Season Closes With Two Big Finals16 June 2002
The 57th meeting of the season this afternoon at the Marsa racetrack brings to a close the official season of horse-racing for 2001/2002.
Wheel of Fortune Dollars Pays $5 Million At Monte Carlo16 June 2002
A visitor from Hawaii struck it rich at the Monte Carlo Saturday afternoon when she won $5 million on Wheel of Fortune dollars.
Beijing Cyber Cafe Fire Kills 2416 June 2002
International News Brief: A fire at a Beijing cyber cafe has killed 24 people and left at least 13 others injured.
Gambling Game Illegal in State, Agency Rules16 June 2002
News Brief: Thousands of electronic gambling machines being played in the state's Indian casinos are illegal, a federal gaming official told Oklahoma's tribes.
Citigroup Joins Fight Against Online Gambling - Agrees to Block Key Internet Transactions15 June 2002
Citibank will no longer process transactions with online casinos and other internet gambling operations. Americans now waste $4 billion a year on this pernicious form of gambling. “With this agreement, we will cut off an unlimited line of credit that was a jackpot for illegal offshore casinos."
Citigroup Joins Fight Against Online Gambling - Agrees to Block Key Internet Transactions15 June 2002
Citibank will no longer process transactions with online casinos and other internet gambling operations. Americans now waste $4 billion a year on this pernicious form of gambling. “With this agreement, we will cut off an unlimited line of credit that was a jackpot for illegal offshore casinos."
Sportsbook Scene14 June 2002
Is the rumor that WWTS is selling out true?
Former Station Employees Plead Guilty in Theft Case14 June 2002
News Brief: Five former employees of the former Station Casino in Missouri have pleaded guilty to federal charges involving the theft of more than $2 million.
Dukesgaming.com Guarantees $1,000,000 Sweepstakes Giveaway14 June 2002
As part of an aggressive launch strategy, Dukesgaming.com will award a $1 million grand prize to one lucky player in a random draw to be held on December 31, 2002.
Drug Helps Compulsive Gamblers14 June 2002
News Brief: Preliminary studies show that the experimental drug, Nalmefene, can help control compulsive gambling.
Malaysian Police Raid Illegal World Cup Betting Operation14 June 2002
International News Brief: Police stormed an Internet cafe near Kuala Lumpur and arrested 10 people, including the owner, for collecting illegal bets on the World Cup.
American Vantage Reports Loss14 June 2002
News Brief:Gaming industry consultant American Vantage Cos. reported a loss of $244,000, or 5 cents per diluted share, Q3 2002, compared to a loss of $322,000, or 7 cents per share, for Q3 2001.
Rank Frontrunner for Coral Bid14 June 2002
International News Brief: UK Rank Group is being tipped as one of the early front-runners in the bidding for the bookmaker Coral.
Reef Casino May Results Hit by Players' Wins14 June 2002
International News Brief: Australia’s Reef Casino Trust says that their May results were negatively impacted by premium players’ wins.
Magnum Considers South East Asian Lottery Business14 June 2002
International News Brief: Malaysia’s Magnum Corp may be collaborating with its Hong Kong-based subsidiary Magnum International Holdings Ltd to invest in lottery businesses in South-East Asia.
GTECH Protests New York Contract Bid Process14 June 2002
News Brief: GTECH has objected to the way New York handled the bid for a video lottery operating contract.
Detroit Casinos Post Strong May Results14 June 2002
News Brief: For the fifth straight month, all three Detroit casinos posted big revenue gains from a year earlier.
Hollywood Casino Launches New Illinois Dockside Casino14 June 2002
Hollywood Casino is opening the second half of its spectacular new dockside casino at its Aurora, Illinois facility.
Creator Capital Previews China Lotto Betting Site14 June 2002
Creator Capital invites its shareholders to preview the long awaited China Lotto betting online location at a demonstration website.
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