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Gaming News Archives - Page 5154

 
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Man Swindles Relative to Feed Gambling Habit

26 February 2002
News Brief: A man who swindled his elderly great-aunt out of most of her life's savings by pretending to have cancer was sentenced to five years in prison. He used the money to gamble at casinos.
 

Gambling Addict Sentenced for Bad Checks

26 February 2002
News Brief: An Indiana man who has written more than 1,000 bad checks in Indiana, and other states, to feed his gambling habit has been sentenced to eight years in prison.
 

Last Winner of California Lottery Comes Forward

26 February 2002
News Brief: Welma Naguit, the mother of a 12-year-old girl, is the last of the big winners to step forward to claim her share of the $193 million California SuperLotto-Plus jackpot.
 

Study: Florida has Hefty Gambling Problem

26 February 2002
News Brief: According to University of Florida researchers, Floridians are more than twice as likely to be at risk for developing gambling problems as people nationwide.
 

Scientific Games to Acquire MDI for $2.10 Per MDI Share

26 February 2002
Scientific Games has signed an letter of intent to to acquire all of the outstanding shares of MDI by exchanging its shares for MDI shares at $2.10 per MDI share.
 

Table Trac Reports Loss for Q4, 2001

26 February 2002
Table Trac reports Q4 2001 revenue of $27,220, compared to $20,521 in Q4 2000. The net loss for Q4 2001 was $129,056, or $0.04 per share, compared to a net loss of $85,574, or $0.03 per share.
 

Mikohn, Hasbro to Produce Tribal Pursuit Slot Game

26 February 2002
Mikohn Gaming has secured certain casino rights to the best selling Trivial Pursuit board game under an exclusive, worldwide licensing agreement with Hasbro, Inc.
 

Hollywood Casino Reports Dip in Earnings

26 February 2002
Hollywood Casino reports diluted earnings per share was a loss of $0.43 in 2001 versus income of $0.39 per share in year 2000.
 

Horseshoe Gaming Selects Chartwell Technology

26 February 2002
Chartwell Technology has been selected to develop the Horseshoe Gaming "Play for Fun" online casino as part of Horseshoe's overall Internet strategy.
 

SSP, Innovative Gaming Sign Sales and Distribution Agreement

26 February 2002
Under the agreement, SSP Gaming will become the provider of high-level security to IGCA's gaming platforms and ancillary products.
 

Monarch Casino Reports Record 2001 Q4, Year-End Results

26 February 2002
Monarch reported net income of $182,378 for Q4 2001, compared to a net loss of $545,218 for Q4 2000. Net income per share for Q4 2001 reached $0.02, compared to Q4 2000 net loss of $0.06 per share.
 

MDI Reports Strong Q4, 2001 Results

26 February 2002
MDI reports that for 2001, revenues increased 195% to $14.7 million versus $5 million in the 2000. Net income for 2001 increased by $7.3 million to $3.3 million compared to a loss of $4 million in 2000.
 

Kansas Considers Gaming Expansion

26 February 2002
News Brief: A Kansas House panel plans to review two bills to expand gambling, then draft a new proposal.
 

Idaho Tribe to Expand Casino

26 February 2002
Idaho’s Nez Perce Tribe is moving forward with plans to expand its Clearwater Casino.
 

Gambling Legislation Advances in Nebraska

26 February 2002
News Brief: A proposal to legalize casino gambling on Indian Reservations in Nebraska has advanced in legislature.
 

Atlantic City Round-Up

26 February 2002
A weekly review of Atlantic City gaming industry news including: Resorts Atlantic City plan to resurrect a $125 million hotel expansion; Tropicana books a mammoth; and Atlantic City’s main competitors are doing well.
 

Columnist Ralph Siraco: Kentucky Derby Winner Could Emerge from these 25 Runners

25 February 2002
With fewer than 10 weeks to go until this year's Kentucky Derby, it's time for the first "Derby watch" list of leading contenders for the "Run for the Roses."
 

Will e-wagering Hurt Racetracks?

25 February 2002
News Brief: Can horse racing embrace new gambling technology without destroying the sport? Proponents hope that online betting will draw more people to horse racing.
 

Atlantic City Resorts Unpacks its Hotel Plans

25 February 2002
News Brief: In perhaps the clearest sign yet that the local casino industry has recovered from Sept. 11, Resorts Atlantic City will proceed with its $125 million hotel expansion.
 

BrightBlue iTV to Launch Betting Services

25 February 2002
International News Brief:BrightBlue, the interactive TV channel, has struck a deal with Randombet and BettingCorp to provide gambling services to its viewers in anticipation of the World Cup in May.
 


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