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Gaming News Archives - Page 5125MGAM Announces Public Offering of Common Stock3 April 2002
The proposed public offering includes 2,800,000 shares offered by Multimedia Games and 200,000 shares offered by Gordon Graves, the company's CEO.
Arizona Governor Disputes Tracks' Criticisms3 April 2002
News Brief: Arizona Gov. Jane Hull accused horse and dog racetracks of lying and distorting the facts of her plan to continue Indian casino operations in radio and newspaper ads running statewide.
Judge Tells Aladdin to Work With Creditors3 April 2002
A federal bankruptcy judge said Tuesday he was willing to let attorneys for the Aladdin hotel-casino proceed with their plans to find a buyer for the bankrupt Strip property.
Hong Kong Moves to Ban Online Gambling3 April 2002
International News Brief: Online betting and bookmaking could be outlawed and included in Hong Kong gambling law, if proposals suggested by government officials in the Legislative Council are adopted.
Advocates of Hawaiian Casinos Spent Big on Lobbying3 April 2002
News Brief: Mainland investors who want to open two casinos on O'ahu spent more money touting their agenda before lawmakers at the start of this legislative session than any other group, state Ethics Commission records show.
GTech Lobbyist Investigated for Dinner with New York Officials3 April 2002
News Brief: GTech and its lobbyist are under investigation for allegedly showering state leaders with a juicy jackpot of pricey perks in violation of state law.
MGM Mirage Unveils Multi-Casino Players Card2 April 2002
MGM Mirage has launched a multi-property players card that will eventually link eight of the company's properties.
Reputed Mob Underboss May Be Banned from Atlantic City Casinos2 April 2002
The New Jersey Division of Gaming Enforcement wants to ban Joseph Massimino, a reputed mob underboss, from the city's casinos.
Missouri Gambling Helpline Reports Explosive Growth2 April 2002
News Brief: Calls to the 1-800-BETSOFF gambling helpline rose by 64 percent in 2001 according to the Missouri Alliance to Curb Problem Gambling.
Global Sports & Entertainment Projects Record Monthly and Q1 Sales2 April 2002
Global Sports & Entertainment anticipates reporting Q1 revenue of $1.9 million and net income of $600,000.
Macau Casinos Pay Record High Tax in 20012 April 2002
International News Brief: The 11 casinos in Macau paid combined tax of as much as $750 million last year, hitting a new record in the history as a major source of government fiscal income.
Hollywood Casino Stays Quiet About Possible Sale2 April 2002
News Brief: A spokesman for Hollywood Casino Corp. would not comment on reports that the company is for sale. But an analyst who follows the company said it has been getting ready for sale for a while.
MGM Exec Bonuses Under Fire2 April 2002
News Brief: Six top MGM Mirage executives recently received bonuses totaling $5.2 million as part of a multimillion-dollar companywide bonus plan for management that was approved two months after 6,000 MGM Mirage workers lost their jobs to layoffs.
Sands Faces Possible Debt Refinancing2 April 2002
Las Vegas Sands is eyeing potential ventures in tribal and Internet gambling despite facing a possible refinancing of its debt, a Monday filing with the federal Securities and Exchange Commission shows.
Trump To Make Interest Payments2 April 2002
News Brief: Donald Trump's casino company said it should have enough cash to make interest payments for the whole year, raising doubts that bondholders will agree to a debt restructuring any time soon.
Ainsworth to Supply Sydney Star Casino2 April 2002
International News Brief: Australia’s gambling machine company Ainsworth Game Technology Ltd has secured Casino Control Authority approval to supply its products to Sydney Star Casino.
Casinos Profit While Detroit Bickers2 April 2002
News Brief: Detroit’s mayor and city council are still bickering over the casino deals. The casino companies and their investor are hardly disappointed since the returns on the current temporary casino quarters are exceedingly rich and can only shrink with additional investment in larger, more elaborate, facilities.
Mississippi Approves Mikohn Slot Machine2 April 2002
Mississippi has authorized a special beta test of Mikohn’s popular Yahtzee Video slot game.
Quova, Wagerworks Bring Geography to Online Gaming2 April 2002
WagerWorks has integrated Quova’s GeoPoint service into its suite of gaming services. The GeoPoint geolocation data enables WagerWorks customers to identify, in real-time, the location of would-be betters in order to comply with local laws.
Arizona Tracks Launch Campaign Against Tribal Deal2 April 2002
News Brief: The Arizona racing industry have launched a campaign to kill Governor Jane Hull's proposed deal with Arizona tribes.
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