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Gaming News Archives - Page 5324JCC Holding Replaces CEO21 March 2002
JCC Holding Co. Inc. announced this morning it has replaced Phil Satre as chairman of its board of directors.
Station Writes Down Value of Fiesta Rancho21 March 2002
Despite a stronger-than-expected first quarter, Station Casinos Inc. said it expects to take a charge on write-offs related to the Fiesta Rancho casino in North Las Vegas.
Mandalay Executives Sell Shares21 March 2002
Mandalay Resort Group's top two executives have filed to sell shares with a market value of more than $86 million.
Tycoon Stanley Ho Names Daughter as Heir21 March 2002
International News Brief: Casino tycoon Stanley Ho has named daughter Pansy Ho as the heir-apparent to inherit his empire, putting an end to the ongoing family feud.
Analyst: Expect Expensive Debut for Borgata21 March 2002
News Brief: According to an analyst, the Borgata casino hotel will enjoy a high-grossing but expensive debut quarter when it opens next year.
Salomon Starts Alliance with Outperform Rating21 March 2002
News Brief: Salomon Smith Barney on Thursday started coverage of Alliance Gaming with an "outperform" rating, saying the maker of gambling equipment has entered a period of sustained growth.
Littlefield to Acquire New Texas Bingo Hall21 March 2002
Littlefield has under contract an acquisition to complement the Company's Texas bingo hall portfolio.
Oklahoma Senator Abandons Lottery Bill21 March 2002
News Brief: Oklahoma Sen. Brad Henry abandoned his efforts Wednesday to pass a lottery bill in the Senate but said he will lay the groundwork for an initiative petition drive to get the issue before voters.
Indiana to Study Casino, Auditor Ties21 March 2002
News Brief: The Enron-Arthur Andersen debacle is prompting state officials to examine auditor relationships in gambling, one of the state’s most heavily scrutinized industries.
New York Official Talks to Oklahoma Tribe About Casino21 March 2002
News Brief: New York’s most powerful Democrat held a closed-door meeting Wednesday with representatives of an Oklahoma Indian tribe considering establishing a casino in Niagara Falls.
Rhode Island Tribe Backs Off from Accusations21 March 2002
News Brief: The Narragansett Indian tribe is backing off, at least for the time being, from a threat to go to the U.S. Attorney's office with accusations of untoward political influence in their bid to build a casino.
Court Upholds Judgement Against Sports Betting Company21 March 2002
A federal appeals court has upheld a pretrial judgment in favor of Las Vegas' Rio hotel-casino, which sued a Costa Rica sports betting company for infringing on its trademark on the Internet but couldn't find the company to serve a summons.
Competitors Jockey For Auditing Business21 March 2002
According to gaming industry sources, competitors of Arthur Andersen are aggressively trying to woo casino companies away from the embattled Chicago accounting firm.
New Brunswick Video Lottery Operators Consider Legal Action21 March 2002
News Brief: Coin machine operators in New Brunswick, Canada, are considering a legal challenge of the provincial government's decision to deal them out of the video lottery game.
Missouri House Approves Racing-Related Bill21 March 2002
News Brief: The possibility of a racetrack in the greater St. Louis area inched closer to reality when the Missouri House of Representatives narrowly passed a measure intended to encourage construction of the track and allow simulcasting in the state.
Companies Protect Interests After Soft Money Donations Banned21 March 2002
News Brief: Congress has passed a soft money donation ban, making it more it more difficult for companies to protect their political interests with money. Companies like MGM Mirage say it won’t stop them.
Detroit Casino Plan Downsized21 March 2002
News Brief: As Detroit Mayor Kwame Kilpatrick asked the City Council for another month to hammer out permanent agreements with the casinos, a scaled-down vision of gambling in Detroit began to emerge.
Inside the Jay Cohen Court Case: Latest Developments Are Now Encouraging21 March 2002
There is a slim change that Jay Cohen’s conviction by a New York Federal court on a count of conspiracy, and seven counts of violating the Interstate Wire Act, will be heard and ideally overturned by the Supreme Court.
Missouri Horse Racing Bill Advances20 March 2002
In a renewed attempt to attract a horse racing track to Missouri, House members narrowly endorsed a bill Tuesday that would allow year-round bets on races telecast from other states.
Delta Downs Slots Bring In $1.4 Million for Purses20 March 2002
News Brief: Louisiana's first `racino’ at Delta Downs generated nearly $8 million in revenue in just 16 days of operation in February. The track generated $1.42 million generated for purses.
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