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Gaming News Archives - Page 5170Penn, Hollywood Shares Jump on Merger Agreement8 August 2002
Shares of casino operators Penn National Gaming and Hollywood Casino rose sharply after Penn said it would buy Hollywood for $347.5 million in cash.
Share Transfer for Reno Casino Approved8 August 2002
The Nevada Gaming Control Board voted unanimously to allow Eldorado Hotel and Casino owner and CEO Don Carano to grant his company an option for 21.25 percent of the Tamarack Junction Casino and Restaurant in Reno.
Merrill Lynch Cuts GTech Rating8 August 2002
News Brief: Merrill Lynch has cut its rating of lottery systems operator GTech Holdings Corp. to `buy’ from `strong buy’ citing concerns about Brazil and aggressive pricing in California.
Goldman Sachs Upgrades WMS Industries8 August 2002
News Brief: Goldman Sachs has raised its rating on the shares of slot machine maker WMS Industries to `market perform’ from `market underperform,’ as the stock has fallen and it believes managers may be more receptive to its software.
Littlefield Reports Blanco Bingo Restructure Complete8 August 2002
Littlefield reports the restructure of Blanco Bingo, an existing bingo hall, in San Antonio, Texas.
Global Cash Access Signs With 15 Casinos8 August 2002
Fifteen gaming properties recently signed contracts to use the products and services of Global Cash Access.
Mikohn Gaming Cuts Workforce8 August 2002
Mikohn Gaming reports that as part of an overall review of business operations and operating efficiencies it is reducing its workforce by approximately 15%.
Penn Gaming to Acquire Hollywood Casino8 August 2002
Penn National Gaming has entered into a definitive agreement to acquire Hollywood Casino Corporation for total consideration of approximately $780 million.
Washington Groups Want Gambling Expansion8 August 2002
News Brief: Rebuffed by Washington state legislators early this year, a coalition of gambling and entertainment interests is mounting a new push to expand state gambling, letting charitable groups and private card rooms operate tribal-style electronic slot machines.
Illinois Attorney General Responds to Emerald Casino Settlement8 August 2002
Illinois Attorney General Jim Ryan responds to the Illinois Gaming Board vote regarding the proposed settlement with Emerald Casino.
Lottery Virtues Debated in Arkansas8 August 2002
News Brief: Arkansas religious and civil leaders gathered to debate the development of a state lottery to fund education.
New Mexico Attorney General's Contributions Challenged8 August 2002
The Republican candidate for attorney general says Democratic Attorney General Patricia Madrid should return campaign contributions from the owner of Ruidoso Downs and Casino, who is applying for a second track in New Mexico.
Seneca Tribe's Casino Plan Advances8 August 2002
News Brief: A Las Vegas-style casino run by the Seneca Nation of Indians and housed in a renovated convention center in Niagara Falls could be ready to open by New Year's Day.
Connecticut Towns Push for Freeze on Gaming Land Trusts8 August 2002
Leaders from eleven northeastern Connecticut towns who are concerned about more casino development are pushing for an immediate freeze on new land being placed into trust for gaming.
i2corp.com Relocates to California8 August 2002
i2corp.com has relocated to California to take advantage of new state regulations that allow residents to bet on horse races by telephone and computer.
Connecticut Courts Makes Offer to Casino Robber8 August 2002
News Brief: A Connecticut court will make an offer to the man charged with stealing more than a quarter million dollars in chips during a brazen robbery at Foxwoods Resort Casino, the first armed robbery since the casino opened in 1992.
Australians Gambling More8 August 2002
International News Brief: Australians gambled away more than AUD$14 billion in 2000-01, according to figures. That works out at $988.90 for every Australian aged 18 or more, a rise of more than $57 on the previous year.
Three Indicted in Ohio Bingo Probe8 August 2002
News Brief: Three men were indicted yesterday by a Lorain County, Ohio, grand jury in a probe of instant bingo for charity.
Norwegian Lottery Winnings May be Taxed8 August 2002
International News Brief: Gambling Norwegians may soon have to start paying tax on any amounts they win in local lotteries. European Free Trade rules are demanding that either local tax be imposed, or exemptions granted on winnings from foreign lotteries.
Vargas After de al Hoya With a Vengeance7 August 2002
Convinced that his conditioning will be the difference in the fight, Fernando Vargas predicted Tuesday that he will obliterate Oscar De La Hoya when the junior middleweights square off Sept. 14 at Mandalay Bay.
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