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Gaming News Archives - Page 5223

 
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Problem Gambler Sentenced for Bid to Kill Wife

1 November 2001
News Brief: A problem gambler who asked an undercover policeman to kill his wife and considered taking money from her bank account to help pay the $10,000 fee was jailed yesterday for six years.
 

Detroit Casino Cheater Sentenced

1 November 2001
News Brief: A gambler convicted last month of cheating at Greektown Casino's craps tables was sentenced to seven to 25 years in prison.
 

Online Gambling Habits Revealed in Study

1 November 2001
A new study reveals the dynamics if the online gambling market.
 

Mikohn Reports Mixed Results for Quarter

1 November 2001
Mikohn Gaming reported a loss for the quarter because of a one-time charge taken for the early extinguishment of debt. Revenues remained flat at $28.2 million, but cash flow increased 29 percent to $8.5 million.
 

Acres Gaming Reports Increases in Q1 Results

1 November 2001
Net revenue for Q1 2002 increased 126% to $6.1 million from $2.7 million for the Q1 2001.
 

Global Cash Access Signs Contracts With Park Place Entertainment, Boyd Gaming

1 November 2001
Park Place Entertainment and Boyd Gaming have signed contracts to expand their ATM operations with Global Cash Access.
 

MDI Reports Record Revenue and Earnings for Q3

1 November 2001
MDI reports record quarterly revenue for the third time this year as well as record profits and the best 9-months' results ever in the history of the company.
 

Creator Capital Expands Interests in Asia

1 November 2001
Creator Capital has acquired a number of additional lottery operations in China, which include sports, Olympic and soccer Lotteries.
 

Tabcorp on a Roll as Revenue Jumps

1 November 2001
News Brief: Australia’s Tabcorp Holdings has reported increased revenue in each of its three gambling businesses during the financial year to date, and expects operating profit in the year as a whole to rise at least 10 per cent.
 

IGT Purchases Tennecom

1 November 2001
IGT has purchased the assets of Tennecom Gaming Solutions, a maker of casino table game tracking software.
 

CryptoLogic: Business Link with Bill Scott Terminated

1 November 2001
News Brief: CryptoLogic denies media reports that suggest that the company continues to have a relationship with Bill Scott, who served three years in a U.S. federal prison on racketeering charges.
 

Lawmakers: New York Casino Deal Shortchanges Buffalo

1 November 2001
News Brief: Buffalo lawmakers are branding New York’s casino plan for splitting gambling revenues a `shameful’ deal that would shortchange the cash-strapped city.
 

Trump May Sue to Stop New York Gambling Expansion

1 November 2001
News Brief: Donald Trump says he was considering `very massive litigation' against a new New York law that allows Indians to build six casinos.
 

New York Gambling Bill Passed After Big Push by Lobbyists

1 November 2001
News Brief: Gambling interests mounted one of the most expensive lobbying campaigns in New York's history this year, pressing for the aggressive expansion of gambling.
 

New Jersey's Suit Against Net Gaming Companies . . . Why Now?

31 October 2001
“The sensible solution is regulation,” says Frank Catania, a former New Jersey gaming regulator who says regulation of online gaming would do far more good than simplistic civil actions against foreign companies.
 

Kangwon Land Becomes Largest Gambling Firm in South Korea

31 October 2001
News Brief: Kangwon Land, the country’s only casino operator, is likely to become the largest sales maker in South Korea's gambling industry, bypassing horse racing.
 

Trump to Negotiate with Bondholders, Wants to Delay Interest Payments

31 October 2001
News Brief: Donald Trump said he has the cash to make the interest payments that are due Thursday, but would use the money instead for his Atlantic City properties and to reduce debt.
 

Park Place Reports Plunge in Net Income for Q3

31 October 2001
Park Place Entertainment reported adjusted net income of $17 million, or $0.06 per diluted share, that compares to adjusted net income of $68 million, or $0.22 per diluted share, for the third quarter of 2000.
 

Lawyers: SunCruz Case is Political

31 October 2001
News Brief: Lawyers fighting efforts by the city of Hollywood, Florida to oust the SunCruz VI casino boat say that the city’s decision came only after a change in political power.
 

U.S. House Committee Passes Leach Bill

31 October 2001
News Brief: The Leach bill attacks online gaming by making it illegal to use credit cards and other instruments of U.S. banks for “unlawful” Internet gambling. Separately, Goodlatte’s prohibition bill may return Thursday.
 


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