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Gaming News Archives - Page 5063Man Stole from Grandmother to Feed Gambling Addiction10 May 2002
A 29-year-old man received a 12-month conditional sentence Thursday for siphoning more than $30,000 from his grandmother's bank account to pump into his gambling addiction.
Report: Missouri, South Dakota, Michigan Casino Revenues Growing10 May 2002
News Brief: Though Nevada revenues slipped for the first time since 1981, the report said, most other casino jurisdictions grew, led by Michigan, South Dakota and Missouri.
Sands Expects $53.3 Million Charge from Refinancing10 May 2002
Las Vegas Sands Inc.says it expects to take a one-time charge of $53.3 million in connection with a planned $1.33 billion refinancing package.
MGM Mirage, Harrah's Execs Sell Stock10 May 2002
Four executives of Harrah's have filed with the Securities and Exchange Commission to sell $17.33 million in company stock. Two top MGM Mirage execs filed to sell more than $7 million in company stock.
Atlantic City Provides Backdrop for Mid-Atlantic Gaming Congress10 May 2002
With new casino hotel towers changing the skyline of Atlantic City and shovels in the ground marking future growth, the impact of gaming will be on full display during the 6th Annual Mid-Atlantic Gaming Congress on May 22.
Dot Com Reports Strong Q1 200210 May 2002
Total revenue increased by 53% for Q1 2002 to $1,234,035 compared to $804,836 in Q1 2001. Net income increased to $229,504 or $0.02 per share for Q1 2002 compared to $143,752 or $0.01 per share for Q1 2001.
Moody's Revises Sun International Hotels Outlook to Stable10 May 2002
Moody's has revised Sun International 's ratings outlook to stable from negative. The ratings outlook change acknowledges the recent improvement in Sun International's operating results and gradual improvement in overall lodging and resort industry trends.
PDS Gaming Renews $3.5 Million Line of Credit10 May 2002
PDS Gaming has renewed its $3.5 million working capital line of credit with its U.S. Bank, Nevada.
Las Vegas Casino Win Down in March10 May 2002
Las Vegas Strip casinos saw their take from gamblers fall 9% in March and 9.77% during the first three months of this year when compared with the same periods last year, according to figures released Thursday by the Nevada Gaming Control Board.
Hong Kong Gambling Crackdown Targets Cybercafes10 May 2002
International News Brief: Gambling in Hong Kong is strictly regulated and police are cracking down on the operators of illegal betting operations and gamblers, including those betting from cybercafes.
Boyd Accused of Funding Anti-Tribal Casino Campaign10 May 2002
News Brief: Boyd Gaming is accused of paying a former casino manager $5 million to the prevent the construction of a Michigan Indian casino that would compete with their own.
Online Ads in UK Gambling Sector Up 101%10 May 2002
International News Brief: Internet advertising has been given a boost by the increased marketing activity of UK online gambling ventures.
Illinois Regulators Mull New Emerald Deal10 May 2002
News Brief: The Illinois Gaming Board met in closed session Thursday to consider a new settlement offer from Emerald Casino.
Some Kansas Officials Betting on Gambling10 May 2002
Leon Daggett, general manager of the Kansas City Board of Public Utilities, believes bringing casino games to the county would promote economic development near the new Kansas Speedway.
AGA Survey Reveals Questions10 May 2002
A survey conducted for the American Gaming Association focused on casino gambling. It also included questions to determine who casino patrons are.
Report: UK Lottery Could Be Camelot's Permanently10 May 2002
International News Brief: The UK national lottery could become a permanent private monopoly for Camelot because no rival company has the resources to challenge it, the national audit office warns in a report today.
Casino Pays $65 Million to Tribal Members10 May 2002
News Brief: The Western Washington's Puyallup tribal council voted to increase payments from revenue generated by casino, which will pay $65 million a year to the tribe's 2,700 members.
Truckstop Casinos: Delta Downs Slots Illegal10 May 2002
News Brief: A group of truckstop casinos near Vinton, Louisiana, want the state Gaming Control Board to determine if 100 video poker machines at the Delta Downs slot-machine parlor are legal.
Infighting Keeps Slots Out of Maryland Tracks9 May 2002
News Brief: The debate over the introduction of slot machines in Maryland is beginning to take shape among the state’s politicians as they jockey for position for upcoming elections, but the lack of unity among racing officials in the state could leave the industry left out of the potential riches.
Racing Exemption to Internet Bill in Danger9 May 2002
News Brief: US Representative Chris Cannon (plans to offer an amendment that would strip horse racing’s exemption in a bill introduced by Representative Bob Goodlatte that bans Internet wagering during a meeting of the House Judiciary Committee this week.
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