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Gaming News Archives - Page 5182Innovative Gaming Reports Big Loss23 November 2001
Innovative Gaming posted a loss of $10.2 million, or 57 cents per share, for this last quarter, compared to a net income of $148,000, or 2 cents per share, in the prior year.
Lottery Proposed in Oklahoma23 November 2001
News Brief: An Oklahoma group is circulating an initiative petition proposing a vote on a state lottery. They propose that lottery revenues be used to fund education.
New Mexico Compact Allows Track to Add Slots23 November 2001
News Brief: Hundreds of additional slot machines could be up and running at New Mexico’s Sunland Park Racetrack and Casino by next month now that a new Indian gambling compact has been approved.
Tribes Won't Join New Mexico Casino Deal23 November 2001
News Brief: Pojoaque Pueblo and Mescalero Apache Tribe leaders are refusing to sign into New Mexico’s new state-tribal gambling compacts.
Lawsuit Alleges Wheel of Fortune Slot Machines are Rigged23 November 2001
News Brief: A Michigan woman alleges that the Wheel of Fortune machine wheels are rigged but made to look like the real thing, misleading players into thinking a spin is a random act when in fact it isn't.
Texas Lottery Jackpot Still Unclaimed22 November 2001
News Brief: According to the Texas Lottery Commission, a ticket worth $13 million from the June 23rd drawing has yet to be claimed.
Four Plea Guilty on Gambling Fraud22 November 2001
News Brief: Four men accused of taking Ski Gull pull-tab receipts at a bar, using identification from people who had lost their driver's licenses, pleaded guilty to lawful gambling fraud.
U.K. Bursar Bet School Money on Horses22 November 2001
News Brief: A former U.K. private school bursar has admitted stealing from school funds to finance his gambling.
Russia Hooked on Slot Machines22 November 2001
News Brief: Slot machines have changed since they first made their appearance in Russia in the early 1990s. They seemed to have brought the same problems as found in North America.
Gambling Mum Leaves Baby In Car22 November 2001
News Brief: In New Zealand, a gambling mother has been charged with abandoning her seven-week-old daughter after an incident at Auckland's Sky City Casino.
Australia's Jupiters Bets on Online Gaming22 November 2001
News Brief: The Brisbane and Gold Coast casino company Jupiters has a simple strategy for the next 10 years: to re-invent itself as an online gambling business.
Essel Betting Big on India Online Lottery Project22 November 2001
Essel Group will invest $62 million through their subsidiary, Playwin Infravest, in an Indian online lottery project.
Trump Talking about Debt Restructuring22 November 2001
News Brief: Casino mogul Donald Trump is in talks to restructure $1.3 billion of debt and is expected to pay the $73 million in interest past due on those bonds.
Delta Downs Casino License Ruled Invalid22 November 2001
News Brief: The slot machine gaming license for Delta Downs that was issued to Boyd Gaming has been declared invalid by a Louisiana district court.
U.K. Interactive Horseracing Website Approved22 November 2001
News Brief: Arena Leisure says the UK Tote has approved the attheraces interactive website after passing testing and audit procedures.
Few Win in Florida Tribal Gambling22 November 2001
News Brief: The Seminole tribe's Florida casinos are taking in nearly $500-million a year. However, only a few are raking in the windfall.
Tennessee Court Ruling Raises Stakes Against Video Poker22 November 2001
News Brief: A Tennessee Supreme Court decision gives police and prosecutors new leverage against video poker machines, allowing seizure on sight instead of requiring police to prove the machines pay off.
Illinois Towns Split Over Video Gaming Machines22 November 2001
News Brief: According to a Senate survey, many Illinois towns support legalizing video gaming machines, saying it will bring in much needed revenue. Other towns are opposed to it, saying its not worth the social costs.
Tribe Sues Texas to Open Casino22 November 2001
News Brief: The Alabama-Coushatta Tribe is suing the state of Texas to preserve the right to operate a casino.
New Mexico Tribal Gambling Compacts Approved22 November 2001
News Brief: Federal officials have approved gambling compacts between tribal governments and New Mexico, clearing the way for the tribes to continue operating casinos and sharing revenue with the state.
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