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Gaming News Archives - Page 5072Georgia Veteran, Fraternal Groups Lament Loss of Video Poker5 June 2002
News Brief: Veterans and fraternal organizations throughout Georgia are scrambling to find new sources of revenue now that the Georgia Supreme Court has said that video gambling machines are illegal.
MGM Mirage: Licensing Woes Not Behind Pullout5 June 2002
News Brief: MGM Mirage says withdrawal of its $615 million offer to buy a troubled casino license from Emerald Casino was prompted by tax issues, not Emerald's legal difficulties.
Casino Queen to Keep Slot Odds5 June 2002
News Brief: Illinois’ Casino Queen says that it would not consider reducing the chances of winning on its slot machines or charging an admission fee to customers in the wake of a pending state gambling tax increase.
Choctaws Ready to Open Next Phase of Mississippi Resort5 June 2002
News Brief: The Mississippi Band of Choctaw Indians marked an important milestone in the creation of its massive, $750 million resort in the rolling red clay hills of Neshoba County.
Columnist: World Cup Analysts Just Love To Bicker4 June 2002
ABC's World Cup analysts Eric Wynalda and Georgio Chinaglia seem to spend much of their on-air time bickering and little of it analyzing the games
Hollywood Casino Reduces Earnings Guidance4 June 2002
Hollywood Casino is reducing its earnings guidance for fiscal 2002 due to a bill recently passed by the Illinois legislature that dramatically increases the gaming and admission taxes for the Company's Aurora casino.
Magna Entertainment to Acquire Flamboro Downs4 June 2002
Magna Entertainment has entered into an agreement
to acquire all of the shares of Flamboro Downs Holdings Limited, the owner and
operator of Flamboro Downs, a harness racetrack located near Hamilton,
Ontario.
Casino Companies to Sign Official Macao Agreements4 June 2002
International News Brief: Two casino license winners in Macao, Wynn Resorts and Galaxy Casino Company, will hopefully sign official agreements with the government later this month, said the secretary for economy and finance.
Gaming Industry Comeback Confirmed4 June 2002
Moody's raised its outlook for the gaming industry from negative to stable, reversing an industry downgrade that followed the terrorist attacks of Sept. 11.
Atlantic City Casino Win Up4 June 2002
News Brief: Casino-gambling revenue increased for the seventh straight month in May, stoking both the city's $1.8 billion gaming-industry building boom and the region's growth.
Vestin Negotiates $48 Million Loan to Cannery Hotel & Casino4 June 2002
Vestin Group recently negotiated a $48 million loan for the proposed Cannery Hotel and Casino in North Las Vegas. This is Vestin’s largest loan to date.
Chartwell Selected to Design Site for UK Wilson Sports4 June 2002
Chartwell has been selected to design, construct and license an online casino for TURKBET, a wholly owned subsidiary of Wilson Sports and Racing.
Sands Regent Acquires Gold Ranch Casino4 June 2002
The Sands Regent reports the acquisition of Gold Ranch Casino and RV Resort and new financing for both Gold Ranch and the Sands Regency Casino Hotel.
American Wagering Reports Profit in Q14 June 2002
In Q1, American Wagering reported a net income of $106,933, or $0.01 per share, as compared to a net loss of $127,574, or $0.02 per share, in Q1 2001.
Youbet.com Signs Licensing Agreement With Winnercomm4 June 2002
Youbet.com has established a one year online content license agreement with Winnercomm, Inc., a sports-television production company and operator of prominent horse racing-related Web sites.
MGM Mirage Withdraws Proposal to Acquire Emerald Casino4 June 2002
MGM Mirage has withdrawn its proposal to acquire Emerald Casino due to the increases in Illinois’ gaming taxes.
Trump Hires Ernst & Young4 June 2002
Trump Hotels & Casino Resorts Board of Directors has approved the engagement of Ernst & Young LLP as their new independent accounting.
Nebraska Court Bans Account Wagering4 June 2002
News Brief: After more than seven months of account wagering in the state, the Nebraska Supreme Court has ruled that wagering on horse races via the telephone violates the state constitution.
Emerald Loses Bid for New Judge4 June 2002
News Brief: The Illinois Gaming Board rejected Emerald Casino's request Monday for a new administrative law judge to hear its appeal after being refused a casino license.
Ohio Pulls Indiana Casino Brochures Off Shelves4 June 2002
News Brief: Ohio is pulling travel brochures at its rest stops that promote casino gambling in Indiana, saying it was hypocritical to advertise an activity banned in Ohio.
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