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Gaming News Archives - Page 5085Another California City Considers Casino Proposal18 November 2002
News Brief: With the promise of cash gains in a city struggling for respectability, Richmond, California, officials lent an ear to a casino proposal last week.
Massachusetts Gambling Panel Meets for the First Time18 November 2002
News Brief: A commission charged with studying the impact of expanding gambling in Massachusetts met for the first time yesterday, just six weeks before it must report its findings to the Legislature.
American Wagering Loses $2.1 Million Court Case18 November 2002
The U.S. District Court of Nevada issued a verdict against American Wagering in the amount of $2,160,000 in a court case over fees owed.
Jockey Acquitted on Race Fixing Charges15 November 2002
International News Brief: South African jockey Robbie Fradd was acquitted in Hong Kong District Court on Thursday of any wrongdoing related to a race on January 16 at Happy Valley racecourse.
Doctor Extorts Family for Gambling Money15 November 2002
News Brief: Stanley Lowenbraun, a former doctor who went bankrupt in the 1990s after gambling away more than $8 million, is accused of calling family members and saying a bookie would harm them unless they helped him come up with $26,000 he owed.
Aladdin Bid May Not Happen15 November 2002
The Aladdin's bankers have hurt their own efforts to find a buyer for the bankrupt $1.05 billion megaresort, insiders say.
Ameristar Casinos Names New Vice President of Strategic Planning and Analysis15 November 2002
Ameristar Casinos has appointed Todd Greenberg vice president of strategic planning and analysis.
iGames Entertainment Generates Revenues For Q315 November 2002
iGames reported that it generated approximately $26,000 in first revenues with approximately $103,000 pending for Q3 2002.
Detroit Casinos Report Rare Dip15 November 2002
News Brief: Combined monthly revenues for Detroit's three casinos fell 1 percent in October compared with the same month last year, the first time the local casino industry has experienced a drop in monthly business.
Gaming Insight Rebrands Gobarkingmad, Casino Operations15 November 2002
International News Brief: Gobarkingmad, the interactive TV greyhound racing channel, is to be rebranded by owner Gaming Insight, while the group is also axing some of its big money online casino operations, despite years of development.
Concorde Gaming CFO Resigns15 November 2002
Concorde Gaming reports the resignation of Gary R. Fish as the Company's Chief Financial Officer effective November 25, 2002.
Nevada Gold & Casinos Reports Strong Q2 Results15 November 2002
For Q2 2003, revenues increased 621% to $1.35 million compared to $186,981 in the Q2 2002. Net income was $1.93 million compared to net income of $993,881 in Q2 2002, a 94% increase.
Youbet.com Loss Narrows15 November 2002
Youbet.com’s operating loss of $2.1 million for Q3 was down from a $3.7 million loss in Q3 2001, an improvement of $1.6 million.
Venture Catalyst Reports Loss15 November 2002
Venture Catalyst reported a net loss this quarter, of $2,362,000, or $0.33 loss per share. This compares with net loss of $2,380,000, or $0.33 loss per share, for the same period in the prior year.
Seneca Gaming Compact Gets Mixed Review15 November 2002
News Brief: U.S. Secretary of the Interior Gale Norton has approved a gaming compact between the New York and the Seneca Nation of Indians, but she is concerned that Governor Pataki’s lucrative revenue-sharing plan is stretching the limits of the law.
Nevada Casino Tax Issues Take Centre Stage15 November 2002
The casino industry expects tax issues to dominate Nevada's 2003 legislative session, and plans to use its considerable influence to pass a broad-based business tax as part of a solution to the state's fiscal woes, Nevada Resort Association President Bill Bible said.
New Missouri Political Era Raises Questions About Gaming15 November 2002
News Brief: With 102 freshman lawmakers heading to Jefferson City, Missouri, in January, gambling industry officials are unsure about what to expect.
New England Capitalizing on Native Operators15 November 2002
News Brief: The two Indian casinos in eastern Connecticut have brought a significant number of leisure travelers to the state from Massachusetts and Rhode Island, according to state tourism officials.
Mexico's Tourism Slump Pushes Legalized Gambling Effort15 November 2002
International News Brief: The gambling issue has been around for years, but Mexican lawmakers say this year's downturn in tourism may ensure it passes, giving up to a 90 percent probability that a bill legalizing gambling will pass before year's end.
Barona Casino Ready for Launch15 November 2002
News Brief: The Barona Band of Mission Indians is set to launch a new resort and casino, a $260 million undertaking, designed to rival anything in Las Vegas.
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