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Gaming News Archives - Page 5213MDI Entertainment Partners With the NBA and WNBA30 July 2002
MDI Entertainment has reached a licensing agreement with the NBA to create the first-ever NBA and WNBA-themed Scratch and Win Game Cards for government sponsored lotteries in the U.S. and Canada.
Florida Lottery Reports Record Sales30 July 2002
News Brief: The Florida Lottery completed its third straight year of record sales, surpassing the $12 billion mark in money earned for Florida's education programs.
Wynn Plans Roadshow to Promote Stocks30 July 2002
Casino mogul Steve Wynn plans a roadshow for Wall Street financiers to promote the proposed public stock offering for his $2.5 billion Le Reve resort on the Las Vegas Strip, the Wall Street Journal reported.
Analyst Raises Park Place Rating to 'Strong Buy'30 July 2002
CIBC World Markets gaming analyst William Schmitt has raised his rating on Park Place Entertainment Corp. from `buy’ to `strong buy’ following the company's earnings
Analysts Views Changed on Casino Operators30 July 2002
Several casino industry analysts have changed their ratings on major companies following the firms' recent second quarter earnings results.
U.S. District Court Rejects California Card Room Lawsuit30 July 2002
The U.S. District Court of the Eastern District of California has found Proposition 1A to be constitutionally sound and rejected a lawsuit by a small group of California card room operators.
Revised Casino Plan Increases Money for Detroit30 July 2002
News Brief: Detroit Mayor Kwame Kilpatrick has moved to end an impasse with the City Council over agreements for permanent casinos by proposing a new gambling tax for recreation construction projects.
Nevada Casino, RV Park Developer Wants More Time to Make Case30 July 2002
News Brief: Developers of a proposed hotel-casino and recreational vehicle park at the south end of Gardnerville, Nevada, are seeking more time to make their case before Douglas County commissioners.
Rhode Islands Track Delay Adding Video Slot Machines30 July 2002
News Brief: There will be no increase in the number of video slot machines at Rhode Island’s Lincoln Park or Newport Jai Alai, at least for the time being.
Seven Indiana Casinos Approved For Dockside Gambling, Three Must Wait30 July 2002
News Brief: The Indiana Gaming Commission gave approval for seven riverboat casinos to offer dockside gambling. The commission punished three other casinos for advertising the start of dockside gambling before the commission's approval.
Nevada Targets Lottery Ads30 July 2002
The Nevada Gaming Control Board has launched an investigation into Las Vegas-area Nevada Numbers billboard advertisements, ads that regulators worry closely resemble lottery ads.
Pinnacle Fined $2.26 Million for Hiring Hookers30 July 2002
News Brief: Indiana gaming regulators have fined a casino operated by Pinnacle Entertainment $2.26 million for bringing alleged prostitutes to the property during a golf tournament and other possible violations of gaming laws last year.
Arizona Gaming Director Plays Favorites30 July 2002
News Brief: The director of the Arizona Gaming Department publicly favors one of three gambling measures on the ballot this fall and opposes another one, calling into question his impartiality as a regulator.
Casino Suitors Scoff at Rosemont Mayor's Threats30 July 2002
News Brief: Rosemont Mayor Donald Stephens says any suburb that gets in the way of him landing a casino won't get a share of the proceeds if he succeeds. But other Chicago, Illinois suburbs that want a casino aren't backing down.
Des Moines May End Card Room Ban30 July 2002
News Brief: Even though card rooms are now outlawed, Des Moines city council members see the businesses as a potential revenue source, a tax as high as 20 percent of a card room's gross revenue is permitted by the state.
Powerball's Odds, Jackpots to Rise30 July 2002
News Brief: Lottery officials are planning some changes to the multistate Powerball game that will make the jackpots bigger and harder to win.
New Georgia Lottery Game Aims For Your Pocket Change29 July 2002
News Brief: Having generated billions of dollars for education with $1 game tickets, the Georgia Lottery is now going after your pocket change as well.
Scientific Games Reports Q2 Results Up Slightly29 July 2002
Revenues for Q2 2002 were $114.3 million compared to $112.6 million for Q2 2001. EBITDA was $31.6 million in Q2 2002 versus $28.6 million for Q2 2001.
Park Place Revenue, Income Up for Q229 July 2002
For Q2 2002, Park Place reported net income of $96 million, or $0.31 per diluted share, up from results for Q2 2001 of $61 million, or $0.20 per diluted share.
Shuffle Master Receives Approval for Spider-Man and Hollywood29 July 2002
Shuffle Master, Inc. announced today that it has received Gaming Labs International approval for its Hollywood and Spider-Man - themed games.
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