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Gaming News Archives - Page 5101Las Vegas Sands Reports Strong Results29 October 2002
Record Q3 revenues were $152.8 million, up 24.0 percent from revenues of $123.2 million in 2001. Income was $15.0 million, as compared to a loss of $6.0 million last year.
Australia's Breakwater Recommends Jupiters' Cash Bid29 October 2002
International News Brief: The independent directors of Australia's Breakwater Island Trust have formally recommended unitholders accept a cash takeover offer from casino operator Jupiters Ltd.
Majestic Star Casino Reports Strong Q3 Results29 October 2002
Net income was $1.2 million for Q3, compared to a loss of $119,000 last year, an improvement of $1.3 million. Net revenues were $33.5 million, compared to approximately $30.0 million for last year, a new quarterly record.
$4.4 billion: Price Paid for Gaming29 October 2002
International News Brief: Almost $4.4 billion was lost by people gambling in Victoria, last financial year, according to the annual report of the Australian state's Casino and Gaming Authority.
Camelot Takes First Steps for European Expansion29 October 2002
International News Brief: Camelot, the operator of Lotto, the UK lottery, has taken the first steps towards creating the European game that it hopes will revive its fortunes.
Indian Affairs Official: Gambling is Critical for Tribal Independence29 October 2002
News Brief: Neal A. McCaleb, assistant secretary for Indian Affairs at the federal Interior Department, told native leaders gathered here that gambling is a critical ingredient for true tribal independence.
New York Tribes Face Casino Competition29 October 2002
News Brief: In a move with implications for the state's racing industry, the federal government has given the go-ahead for a western New York Indian tribe to open three casinos.
Nebraska Tribes Left Out of Gaming Efforts29 October 2002
News Brief: Leaders of the Santee Sioux, Omaha and Winnebago tribes argue that distrust, misunderstanding and lack of attention has a lot to do with low interest in the tribes' own efforts to expand gambling in Nebraska.
Governor: Casino Would Hurt Maine Businesses29 October 2002
News Brief: Maine Governor Angus King told local business leaders that they would pay a steep price if a proposed $650 million casino was built in York County.
Singapore Official Opposes Legalization of Casinos29 October 2002
Deputy Prime Minister Lee Hsien Loong has shot down a proposal to legalize casinos in Singapore, warning that social dangers outweigh potential revenues from such a move.
From Small Town to Big Boom29 October 2002
News Brief: Tunica County, Mississippi, has been transformed from a small rural county to the largest gambling market in the South. The growth has also brought prosperity to its residents. It has also brought more crime and social problems to the area.
Tribes Shoulder Financial Responsibility for Gaming29 October 2002
California tribes will make the first quarterly contributions into a state-administered Special Distribution Fund, fulfilling their responsibility to offset any impacts created by Indian gaming enterprises.
Connecticut Casino Workers' Safety Probed29 October 2002
News Brief: The Public Safety Commission discussed safety measures that may have prevented the death of a Mohegan Sun employee on Route 32 earlier this month.
Wisconsin Casino Study Shows Mixed Results29 October 2002
News Brief: A study done by University of Wisconsin Marathon County on how a Wausau casino would impact the local community came to a number of conflicting conclusions.
Washington State Considers Video Gambling Solution29 October 2002
News Brief: Two Washington state lawmakers have found a possible solution to the state's economic woes: video gambling machines run by the state and capable of mimicking the action of casino slot machines.
Sources: Online Gaming's Better Regulated than Banned29 October 2002
Online gaming is being crimped by congressional inaction into the shadiest corridors of international commerce, according to casino industry analysts and attorneys.
Vietnam Footballers Suspected of Match-Fixing28 October 2002
International News Brief: Vietnamese international footballers are under investigation for allegedly accepting money from the country's most notorious underworld network to fix matches, according to state media.
Littlefield Opens New Bingo Hall in South Carolina28 October 2002
Littlefield Corporation has opened a new bingo hall opened in Ladson, South Carolina.
Many Teens Gamble, Some Already Have Problem: Study28 October 2002
News Brief: Most teenagers buy lottery tickets and gamble in other ways, despite its illegal status for people younger than 18 years old, a Florida researcher reported here at the 49th annual meeting of the American Academy of Child and Adolescent Psychiatry.
Ex-Sheriff to do Time28 October 2002
News Brief: While former Woodford County Sheriff Bill Myers claims he stole about $234,000 from the county to support a gambling habit, a federal prosecutor said Friday she wouldn't bet on it.
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