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Gaming News Archives - Page 5136VCAT Reports Mixed Q4 Results1 October 2002
Revenues for Q4 2002 were zero as compared to $200,000 during Q4 2001. VCAT's net income for Q4 was $3,313,000 or $0.45 per share, up from a net loss of $5,651,000, or $(0.77) per share reported for Q4 2001.
President Casinos Subsidiary to Emerge From Reorganization1 October 2002
President Casinos’ indirectly owned subsidiary, President Broadwater Hotel has agreed in principle to certain terms of a consensual plan of reorganization which should allow the subsidiary to emerge from bankruptcy in November of this year.
US House Passes Anti-Internet Gambling Bill1 October 2002
News Brief: The U.S. House unanimously passed a bill Tuesday making it a federal crime to accept credit cards or checks for Internet gambling.
Quebec Premier Defends Video Gambling Policy1 October 2002
News Brief: Premier Bernard Landry defended his government's video-gambling policy yesterday, saying the province is responding to concerns about the highly addictive machines.
Park Place Exec: Union Boycott is Misguided1 October 2002
News Brief: The International Brotherhood of Teamsters should be more concerned with failures of its local chapter here than with a misguided boycott of Park Place Entertainment, says a company executive.
Water Shortage Closes Mississippi Casino1 October 2002
News Brief: After evading significant damage from Tropical Storm Isidore's cascade of water last week, President Casino had to close for six hours Monday for the opposite problem: not enough water.
South Carolina Becomes Latest Powerball State1 October 2002
News Brief: South Carolina is the latest state to join the Powerball family. The state lottery director Ernie Passailaigue said he anticipates high sales the first week of the new game.
Suit Against Primadonna Resorts Settled1 October 2002
A woman who said she was abducted and gang-raped while employed on the luxury yacht M/V Primadonna dropped her lawsuit against its owners after reaching a settlement for an undisclosed sum.
House to Vote on Internet Gambling1 October 2002
The House today was poised to vote on a plan aimed at banning Internet gambling by outlawing the use of credit cards, checks, and wire transfers to place online wagers.
Conference: Casino Costs Outweigh Benefits1 October 2002
News Brief: Gambling’s social costs outweigh its social benefits by a margin of at least 2-to-1 and probably closer to 5 1/2-to-1, according to data shared Sunday at a national anti-gambling conference in Texas.
Experts to Outline Maine Tribal Casino's Benefits1 October 2002
News Brief: A panel of economists will address the state's casino task force and explain why the Passamaquoddy and Penobscot tribes believe a resort with gambling could improve Maine's economy.
Commission: Belterra Chairman Unaware of Prostitution Scheme1 October 2002
News Brief: The former chairman of the company that owns the Belterra casino was not aware of plans to entertain guests with prostitutes during a golf outing sponsored by the southern Indiana riverboat, state investigators concluded.
MGM Mirage in the Hot Seat1 October 2002
MGM Mirage plans to start an Internet casino in October, becoming the first U.S. casino to confront the challenges involved in offering blackjack, roulette and craps to gamblers on home computers.
Canadian Bingo Addicts Can Ask to be Barred30 September 2002
News Brief: B.C. bingo addicts are now the first in North America who can get themselves voluntarily barred from bingo halls.
Charged: Aussie Crown Casino Bandit in Court30 September 2002
International News Brief: A Melbourne man charged with an armed hold-up at Crown Casino's exclusive Mahogany Room was gambling at an Adelaide casino just weeks after the brazen heist, a court heard today.
Investigation Ends Against Belterra Casino30 September 2002
News Brief: The former chairman of the company that owns the Belterra casino was not aware of plans to entertain guests with prostitutes during a golf outing sponsored by the southern Indiana riverboat, state investigators concluded.
4 Alleged Casino Winner Robbers' Evidence on Trial30 September 2002
News Brief: For hours on end during a string of late nights last winter, a petite woman sat alone at slot machines and blackjack tables just outside the section reserved for high rollers at Harrah's Casino Joliet, carefully watching to see who won big.
More Seniors Gambling30 September 2002
The gambling rate among people 65 and older has more than doubled in the past generation, and today, more than half of Americans in that age group gamble at least once a year.
Yorktown Ventures Completes Sale Of Gamblegoddess.Com Shares30 September 2002
Yorktown Ventures, Inc. announces that it has sold its share of the GambleGoddess.com network of websites over to eCash Services, Inc.
Frisco Bay, Gateway Casino Sign Agreement30 September 2002
Frisco Bay Industries has entered into an agreement with Gateway Casinos Inc. to install and operate ATMs in 10 Western Canada casinos.
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