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Gaming News Archives - Page 5131Teens Accused of Running Gambling Den19 February 2002
News Brief: Pennsylvania police have arrested two teenagers accused of running a speakeasy and gambling den out of a barn.
Man Steps Forward as One of California Lottery Winners19 February 2002
News Brief: A 57-year old self-employed man has stepped forward as one of the California's newest Super Lotto jackpot millionaire.
Bank Manager Sentenced for Embezzlement19 February 2002
News Brief: A bank manager who embezzled $1.56 million and lost it at casinos was sentenced to nearly three years in federal custody by a judge who rejected arguments that the man deserved a break because of a gambling disorder.
UK Power Leisure Plans Expansion Despite Dip in Results19 February 2002
International News Brief: Power Leisure is planning further UK expansion despite revealing a dip in full-year profits.
VCAT Results Down19 February 2002
Venture Catalyst reports revenues for this last quarter were zero as compared to $2,008,000 during the same period last year.
Scientific Games Results Up for Q4 200119 February 2002
Revenue and EBITDA for Q4 2001 increased to $108.4 million and $24.8 million, respectively, from $105.5 million and $15.1 million, respectively, for Q4 2000.
Australia's TAB Drops Slightly in First Half19 February 2002
International News Brief: Australia’s TAB reported a first half net profit of $13.06 million, 0.5 per cent lower than the $13.13 million net profit for the 2000-01 half year.
Detroit Casino Investors See Solid Return19 February 2002
News Brief: About 130 local investors who own a piece of one of the city's three casinos have seen a solid return on their investment.
Louisiana Casino Revenue Falls in January19 February 2002
News Brief: Winnings from gamblers at Louisiana's state-licensed casinos dropped by 4.5 percent from December to January as the Lake Charles market, which saw another competitor enter the fray last week, saw the sharpest decline.
Mikohn Closes New $17.5 Million Credit Facility19 February 2002
Mikohn Gaming Corp. has closed a new
$17.5 million working capital credit facility with Foothill Capital
Corporation.
Sands Reports Growing Loss19 February 2002
Sands reported a net loss of $252,000 or $0.06 loss per share for Q2 2001,
compared to a net loss of $145,000 or $0.03 loss per share for Q2 2001.
Minnesota Governor Proposed Legalized Sports Betting19 February 2002
News Brief: With all the talk about state-owned casinos and other gaming issues, Governor Jesse Ventura says why not go a step further and legalize sports betting.
Attorney General: Rosemont Casino Plan Likely Dead19 February 2002
Attorney General Jim Ryan says the Illinois Gaming Board probably will reject a deal to sell the casino license in suburban Rosemont and that he might block the sale if the board doesn't.
Aladdin Awarded Damages in Internet Casino Lawsuit19 February 2002
The Aladdin won an injunction to stop an online casino from using its name on an Internet website and was awarded maximum statutory damages totalling $100,000 plus interest.
Tsogo Sun Seeks to Overturn South African Court Decision19 February 2002
Tsogo Sun has seeking to overturn a South African gambling board’s decision to award a casino license to Century Casinos.
Hollywood Files Lawsuits Against Directors, Officers19 February 2002
Hollywood Casino has filed two lawsuits againsts two of its directors and former officers, alleging that the defendants violated federal securities laws.
Columnist: Kentucky Derby Offers No Clear Favorite18 February 2002
Interest in the Kentucky Derby shifted into a higher gear over the weekend. Usually, by this juncture there is a clear favorite in the sophomore division, but not this season.
Two Top Sportsbooks Go Belly Up18 February 2002
The parent company of two leading offshore books have gone belly up. The offshore industry and all its participants are reeling from this gigantic sucker punch.
Philippines Games Amusement Board to go After Illegal Gambling18 February 2002
International News Brief: The newly-installed chairman of the Philippines Games and Amusement Board said he will ensure that no `illegal gambling' will exist in the level of amateur sports competitions.
Michigan Arab-American Community to Tackle Gambling Problems18 February 2002
A gambling awareness program will be held to address the spread of gambling in the Arab-American community in Detroit.
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