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Gaming News Archives - Page 5169Nevada Casinos, Non Gaming Companies Promote Gambling Awareness7 August 2002
The program's centerpiece is an effort to recruit nongaming Nevada employers to educate their employees about problem gambling.
Expert: Social Costs Outweigh Casino Benefits7 August 2002
News Brief: Marvin A. Steinberg, executive director of the Connecticut Council on Problem Gambling, social costs are almost two times greater than the social benefits that come with gambling expansion.
California Tribe Receives High Yield Bond Financing7 August 2002
Banc of America Securities has ssued $150 million in bonds on behalf of the Santa Ynez Band of Mission Indians.
Mohegan Posts Revenue Increase7 August 2002
News Brief: The Mohegan Tribal Gaming Authority has posted a 29.8 percent increase in gross revenue over the previous year’s corresponding period.
Magna Still Interested in New York Market7 August 2002
News Brief: Stymied in recent efforts to enter the New York racing market, Magna Entertainment is still highly interested in moving its way into the lucrative betting state, the company's president said Aug. 6.
Atlantic City Casino Win Up 1.3% in July7 August 2002
News Brief: The casino industry's post-Sept. 11 momentum may be petering out. The city's 12 casinos won $419.8 million from gamblers last month, a 1.3 percent increase over a weak July 2001.
Feverpitch Joins with iNet for Online Venture7 August 2002
International News Brief: New Zealand’s Feverpitch has joined betting software developer iNet to produce an online system that allows player to player betting.
Q2 Revenue Drops Across the Board at the Venetian7 August 2002
The Venetian reported declining casino, hotel and food and beverage revenue for the quarter ended June 30, the megaresort's parent company noted in a Tuesday Securities and Exchange Commission filing.
GTech Names New President, CEO7 August 2002
Gtech has named Chairman W. Bruce Turner as their new president and chief executive.
Nevada Gold & Casinos to Repurchase Common Stock7 August 2002
Nevada Gold & Casinos has announced that its Board of Directors has approved a plan for the repurchase of up to 100,000 shares of the Company's common stock.
Kerzner Reports Results Flat for Q27 August 2002
Kerzner reported EBITDA for Q2 of $44.5 million as compared to $45.4 million in Q2 2001. Earnings per share for the period were $0.75, equal to the same period last year.
Majestic Star Casino Reports Record Revenues for July7 August 2002
Majestic Star reported that for the month of July, it recorded $11.9 million in gross gaming revenues, a new monthly property record.
WMS Shares Soar7 August 2002
Shares of slot machine maker WMS Industries Inc. shares soared 17 percent on Tuesday after the company said Mississippi has allowed it to start submitting applications for new games again.
Deutsche Bank's Marc Falcone Launches Coverage of Gaming Sector7 August 2002
Deutsche Bank Securities Inc. analyst Marc Falcone launched coverage of the Gaming and Lodging sector with the initiation of 10 companies including Harrah's Entertainment, Mandalay Resort Group, Park Place Entertainment and Station Casinos.
West Virginia Resort Abandons Casino Effort7 August 2002
News Brief: West Virginia’s Greenbrier will not seek another casino referendum this year, officials said.
California Tribes Pursue Legal Action Against Governor's Breach of Compacts7 August 2002
The San Manuel Band of Mission Indians and the Pechanga Band of Luiseno Mission Indians are pursuing legal action against the California Governor’s breach of the Tribal Gaming Compact.
Attorney General's Contributions Challenged7 August 2002
The Republican candidate for attorney general says Democratic Attorney General Patricia Madrid should give back campaign contributions from the owner of Ruidoso Downs and Casino, who is applying for a second track in New Mexico.
Economist Says Nebraska Gambling to Hurt Treasury7 August 2002
A constitutional amendment Nebraskans appear ready to vote on in November to expand gambling could further hurt Iowa's ailing state treasury, an Omaha, Neb., researcher says.
Brochure Touts Broad-Based Nevada Business Tax7 August 2002
The chief lobbying group for Nevada casinos -- the state's largest taxpayers -- has unveiled its latest tool in an escalating public relations debate about the need to raise taxes.
Iowa Supreme Courts Uphold Tax Ruling7 August 2002
News Brief: The Iowa Supreme Court has denied the state’s petition for another hearing, thus upholding its June ruling that the state unfairly taxed slot machine profits at Prairie Meadows Racetrack and two greyhound tracks.
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