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Gaming News Archives - Page 5124Changes Hurt Sands Q2 Results16 August 2002
News Brief: New management, a radical casino change and retooled marketing plans led to a rough second quarter at Sands Casino Hotel, parent GB Holdings Inc. reported.
Aladdin Lowers its Financial Backstop16 August 2002
News Brief: Aladdin Gaming is seeking court authorization to extend its debtor-in-possession financing facility through Dec. 31, and to halve the commitment amount to $25 million from $50 million.
Riviera Obtains Credit Facility16 August 2002
Riviera Holdings Corp., which operates the Riviera Hotel & Casino in Las Vegas, has entered into a $30 million, five-year revolving credit facility with Wells Fargo & Co.
World Gaming Appoints Group Finance Director16 August 2002
World Gaming has appointed Simon Coulthard as the company's Group Finance Director effective September 2, 2002.
Courts: Washington Minicasino Must Make Decision16 August 2002
News Brief: A Parkland minicasino can remain open over the next five years or close immediately and take $1.5 million from Pierce County, Washington.
Isle of Capri Plans $79 Million Expansion16 August 2002
News Brief: The Isle of Capri unveiled plans for a $79 million expansion of the Point Cadet casino, a day after settling a property dispute with the city, the secretary of state and Mississippi's university system.
Atlantic City Showboat Races to Finish Expansion16 August 2002
News Brief: Showboat the Mardi Gras Casino topped off its 19-story hotel tower Wednesday morning, and the rush is on to finish the job before the billion-dollar Borgata opens its doors next summer.
SEC Suit Accuses Casino Developers of Fraud16 August 2002
News Brief: The Securities and Exchange Commission on Thursday filed a lawsuit asserting that the owners of a casino-development company defrauded investors of more than $800,000 and violated the Securities Act.
Ohio Lottery Wants Ameritech To Pay for Phone Problems16 August 2002
News Brief: The Ohio Lottery wants SBC Ameritech to reimburse it for a phone problem that knocked out more than 1,200 sales terminals on the eve of last month’s $165 million Mega Millions drawing.
New Jersey Casino Regulations Streamlined16 August 2002
News Brief: Casino regulations will be streamlined under a law signed by New Jersey Governor McGreevey. The law gives casinos five more years to make mandatory contributions to a fund for projects both in Atlantic City and statewide. It also loosens or eliminates many regulations the industry found onerous.
Idaho Gambling Initiative Challenged in Court16 August 2002
News Brief: Idaho voters should be prevented from voting on the Indian gambling initiative this fall because the measure unconstitutionally promotes a `moral nuisance,’ an anti-gambling group told the Idaho Supreme Court.
Gambling, Porn Excluded from Online Payment Scheme16 August 2002
International News Brief: BT has confirmed that it won't be working with gambling and adult content when it launches its online micropayments scheme, Click&buy, in the next few weeks.
Illinois Casinos Plot Tax Cut, Gambling Expansion16 August 2002
News Brief: Just weeks after the legislature increased casino taxes to ease the state's budget crisis, gambling industry officials began mapping a detailed lobbying strategy to rescind the increase and expand gambling.
Gambling on Cyberspace16 August 2002
News Brief: As the Internet and interactive technology continue to wind their way further into the lives of Americans, it is only natural that gaming would make the corresponding leap into cyberspace.
All-Weather Track Proposed for Ireland15 August 2002
International News Brief: A group of investors has proposed to build an all-weather racetrack in Ireland at a cost of about $25-million as part of the Campus Stadium Ireland project at Abbotstown in Dublin.
California Lottery Jackpot Rises to $66 Million15 August 2002
California lottery officials estimate the SuperLotto Plus jackpot for Saturday night's draw at $66 million, the third largest California Lottery jackpot this year.
Researchers Study Brains of Compulsive Gamblers15 August 2002
News Brief: Are the brains of compulsive gamblers different from those of other people? Researchers at the University of Connecticut Medical Center hope to answer that question this year.
Man Wins Almost $2 Million Slot Jackpot15 August 2002
News Brief: A first time slot player won $1,980,460 slot jackpot at Harrah’s Atlantic City.
New Mexico Lottery Reports Record Sales15 August 2002
News Brief: The New Mexico Lottery Thursday announced its sixth straight year of record ticket sales.
Foxwoods' Slot Revenue Takes Dip15 August 2002
News Brief: Slot machine revenue dipped nearly $2 million at Foxwoods Resort Casino last month from the same time last year, a fact one Foxwoods executive chalked up to possibly the month's unstable stock market.
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