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Gaming News Archives - Page 5153Bar Owner Connected to Gambling Ring10 September 2002
News Brief: The owner of a bar in Hernando Beach, Florida, has been arrested in connection with a countywide gambling ring.
Station Casino: New Project Dependent on Debt, Earnings Levels10 September 2002
Station Casinos reports that the timing of its previously announced hotel-casino project in the affluent Las Vegas suburb of Summerlin will largely depend on the company's ratio of debt to cash flow.
Northern Nevada Casino Deal Scrapped10 September 2002
A Reno company that planned to buy two bankrupt West Wendover hotel-casinos in Northern Nevada has decided against the deal.
Nevada Gaming Win Off Again10 September 2002
Winnings by Nevada casinos totaled $804.3 million in July, down 0.5 percent from a year ago and the third straight month of declining revenues.
Nebraska Court Decision Boosts Ameristar Shares10 September 2002
Ameristar Casinos shares rose after a Nebraska ballot initiative to legalize slot machines was ruled invalid under the state's constitution on Monday.
Harrah's Named to Dow Jones Sustainability Index10 September 2002
For the second consecutive year, Harrah’s has been selected as a component of the Dow Jones Sustainability World Index. Harrah’s remains the only U.S. gaming or hospitality company to achieve such a rating.
Rimpac Launches Web Site in Vietnamese10 September 2002
Rimpac is launching its Internet Lottery promotional web site in Vietnamese.
Chartwell Reports Continued Growth in Q310 September 2002
Chartwell reports total revenue for Q3 2002 increased 20% to $1,117,939 compared to $928,663 in Q3 2001.
IGCA Announces Financing, Eliminates Floorless Stock10 September 2002
Innovative Gaming Corporation of America reports $2 million in financing. The company has reached agreements with the holders of its existing convertible preferred securities establishing a floor on the conversion price for future conversions.
Lakes Restates Financial Statements10 September 2002
Lakes Entertainment reports the proposed restructuring of a real estate transactions, certain anticipated charges to earnings for Q2 2002 and a restatement of Lakes' previously issued financial statements for 2001 and 2000.
Thai Province to Study Effects of Legalizing Casinos10 September 2002
International News Brief: Provincial authorities in Chon Buri, Thailand, have set up a panel to study the good and bad sides of legalizing casinos.
Residents have Mixed Feelings About New Casino10 September 2002
News Brief: Shelton, Connecticut, residents have some concerns about the effects a nearby casino might have on this city, while also praising the potential advantages.
Judge Blocks Nebraska Measure on Video Slots10 September 2002
News Brief: An effort to bring video slot machines to bars and restaurants across Nebraska was dealt a blow when a judge prohibited the secretary of state from putting the question on the Nov. 5 ballot.
Atlantic City Casinos Step Up for Miss America Pageant10 September 2002
News Brief: Casinos, restaurants and other local businesses have agreed to ante up in hopes of keeping the Miss America Organization solvent and the pageant in its original home.
South Dakota Tribe Finalizes Casino Expansion10 September 2002
The Oglala Sioux Tribe plans to break ground this fall on an $18 million expansion of the Prairie Wind Casino, which is expected to bring jobs to an area suffering from high unemployment.
IGC Responds to BusinessWeek Magazine Article "The Underground Web"10 September 2002
The Interactive Gaming Council, which represents responsible Internet gambling operators and software providers, takes exception to this inaccurate and unfair characterization of our industry.
Massachusetts Dog Track Foes Launch Attack Against State Treasurer10 September 2002
News Brief: A anti-greyhound racing group is launching a radio campaign against the State Treasurer, claiming that she gave special favors and preferential treatment to a politically connected dog track owner as manager of the state lottery.
Illinois Governor Denies Stacking Gaming Board10 September 2002
News Brief: Governor Ryan has angrily denied that he replaced a former federal prosecutor with Mayor Daley's chief fundraiser in the black community as chairman of the Illinois Gaming Board to deliver a riverboat casino license to Rosemont.
Louisiana Voters to Decide Isle of Capri's New Home10 September 2002
News Brief: The Isle of Capri has announced plans to build a multimillion dollar riverboat casino in Cameron Parish, but voters will have to approve riverboat gambling in their waters first.
Aztar Faces Federal Lawsuit10 September 2002
Aztar Corp. is mired in federal litigation that insiders say could be the Achilles heel of the gaming industry. The gaming company is being sued by a gambler that says he was lured by their casinos, became addicted to gambling and lost everything he had.
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