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Gaming News Archives - Page 5081U.S. Official: Macau Casinos Will Bring Law Enforcement Challenges8 May 2002
International News Brief: As Macau opens its gambling industry to competition from Las Vegas casino operators, authorities must ensure it doesn't provide opportunities for counterfeiters and money launderers, according to a U.S. official.
Emerald Casino Lawyers Seek Delay of Hearing8 May 2002
News Brief: Emerald Casino lawyers Tuesday sought to delay a hearing in which regulators plan to lay out their case against the company's proposal to build a casino in Rosemont.
Ladbrokes Signs Broadcasting Agreement with UK Racecourses7 May 2002
International News Brief: Hilton Group said its betting and gaming division Ladbrokes has secured a deal with 49 racecourses in Britain to show live broadcasts of races at those courses in its shops.
Boxing Promoter Avoids Revocation for Bribe7 May 2002
News Brief: Boxing promoter Bob Arum persuaded New Jersey regulators not to revoke his license 1½ years after he stopped doing business in the state for paying a $100,000 bribe.
Sahara Hotel and Casino Kicks-Off 50th Anniversary Celebration7 May 2002
Sahara Hotel and Casino is commemorating their 50th Anniversary celebration by launching the premier of the first interactive Web site capturing the history of a Las Vegas casino.
Punters Bet on Alligator Racing7 May 2002
International News Brief: Six alligators dressed in waistcoats are taking part in charity contests for people looking for something different to place bets on.
Psychological Warfare and Poker7 May 2002
Professional poker players have a range of psychological weapons to upset their opponents, from distracting them with ringing mobile phones to keeping a lucky orange on the table.
MGM Mirage Director Selling Shares7 May 2002
MGM Mirage director Alex Yemenidjian has filed to sell 210,000 shares of company stock, according to a filing with the Securities and Exchange Commission.
Magna Has $273.9 Million For Acquisitions7 May 2002
News Brief: Magna Entertainment Corp., which owns or operates ten racetracks in the United States, has a total of $273.9-million available in cash and credit to pursue the company’s strategy of acquiring more tracks.
Trump Hopes to Raise $470 Million in Junk Bonds7 May 2002
News Brief: Mr. Trump hopes to raise $470 million in new junk bonds this week, refinancing debt that will mature next year with bonds that will not come due until 2010.
Choctaw Enterprise Reports Q2 Results Down7 May 2002
Choctaw Resort Development Enterprise reports net revenues for Q2 were $63.1 million compared to $64.1 million for Q2 2001. Earnings for Q2 2002 was $34.3 million compared to $35.7 million for Q2 2001, a decrease of $1.4 million or 3.9%.
Herbst Gaming Reports Strong Q1 Results7 May 2002
Herbst Gaming reported net revenues of $61.5 million for Q1 2002, an increase of 7%, compared with $57.6 million in Q1 2001. Net income was $1.6 million for Q1 2002, an increase of 208 percent, compared with net income of $0.5 million in Q1 2001.
MDI Receives Acquisition Proposal7 May 2002
MDI Entertainment has received a proposal from International Capital Partners, L.L.C., to acquire a majority interest in the Company.
Youbet.com Sets New Single Day Record7 May 2002
The single day handle the day of the Kentucky Derby Saturday May 4, 2002 was over $1 million, with a record breaking 2,000 plus new sign ups in the 48 hours preceding the race.
IGCA Reports April Revenues Up7 May 2002
Innovative Gaming Corporation of America reports that its gross revenues for April are approximately $1,193,000.
Majestic Star Reports Mixed Q1 Results7 May 2002
Net income for Q1 2002 for Majestic Star was $1.0 million, compared to a net loss of $77,000 in Q1 2001. Net revenues for the period were $30.2 million compared to $31.3 million for Q1 2001, a decrease of approximately $1.1 million or 3.5%.
New York Gambling Opponents Create Coalition7 May 2002
A newly formed coalition seeks to stop the planned construction of an Indian-run casino in Buffalo, New York, citing economic and moral reasons.
Religious Leaders Urge Bush to Stop Gambling Growth7 May 2002
News Brief: More than 200 religious leaders on Monday urged President Bush and Congress to stop the growth of legalized gambling, calling it a moral and cultural cancer.
Rhode Island House Begins Expanded Gambling Study7 May 2002
News Brief: Rhode Island House lawmakers have unveiled plans for a nine-month study of expanded gambling in the state, where casino interests are eager to be first to offer full-scale gambling.
Arizona Indian Casino Plan Approved By Senate7 May 2002
News Brief: The Arizona senate has approved a plan that could extend casino operations on Indian reservations for up to 29 years, but the proposal failed to get enough votes to protect it from a possible referendum election.
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