News - Page 1661

News Brief: The Georgia Lottery Corp. has started a new instant game called $100 Million Cash Spectacular, which will have the highest payout percentage in GLC history and will be promoted by part of the ownership of Atlanta Spirit LLC.

News Brief: Facing possible state regulations on neighborhood casinos, local officials agreed Monday their moratoriums on gaming development should be extended into the summer.

News Brief: A group opposing a cardroom in Kingsgate, Washington, has stepped up its efforts to block the flow of alcohol to the proposed casino.

News Brief: The Venetian agreed Thursday to pay a $10,000 fine to Nevada gaming regulators in conjunction with a 2004 episode where a 19-year-old patron gambled and was served alcohol at the Strip resort.

News Brief: The House Gaming Committee on Monday passed a bill aimed at protecting Mississippi casinos and the state budget from devastation from hurricanes.

While one recent study claims seniors that frequently gamble in casinos are more at risk of financial difficulties, other studies, local experts and gaming officials say seniors are more interested in the trip to a casino than gaming.

The Tribal Council of the Nambe Pueblo of New Mexico voted to select Full House Resorts as the developer and manager of the tribe's casino project.

A full year after the initial drawing on January 31, 2004, the largest unclaimed jackpot in Illinois Lottery history officially expired last night at 12 midnight.

Venture Catalyst Incorporated has entered into a Business Advisory Agreement with the Buena Vista Rancheria of Me-Wuk Indians.

MGM Mirage reports that adjusted earnings per diluted share rose 42% to $0.51 in Q4 2004 from $0.36 in the 2003 quarter, representing the company's best fourth quarter performance in its history.

As gaming companies, including giants MGM Mirage and Harrah's, ready their quarterly earnings reports this week, stock prices for the major operators in January reflected investors' optimism that results will surpass Wall Street estimates.

Caesars Entertainment, Inc. has won approval from New Jersey regulators to install the state's first all-digital, casino floor video recording system at its Bally's Atlantic City casino resort.

WMS Gaming Inc. has amended its distribution agreement with its Russian distributor, Belco Handels GmbH and its Russian affiliate, ZAO Unicum.

WMS Industries Inc. reported net income of $3.9 million, or $0.12 per diluted share, for the company's fiscal Q2 compared to a net loss of $0.4 million, or $0.01 loss per diluted share, for Q2 2004.

Q2 net loss from continuing operations totaled $(7.5) million, or $(0.15) per diluted share, which includes a write-down of certain inventory and other assets and a bank amendment charge, together totaling $11.7 million.

The chief owner of the Lakes Region Greyhound Park said he was "very much involved" in the formation of a gambling operation set up to attract high-level bettors.

Full House Resorts, Inc. has received approval to expand its gaming floor at the Delaware State Fairgrounds in central Delaware.

The odds seem stacked against passage of Kentucky legislation to expand gambling during the 2005 General Assembly.

News Brief: The St. Regis Mohawk Tribe and Gov. George Pataki will sign a formal land claim settlement as early as Tuesday, making the tribe $100 million wealthier and moving it closer to creating a casino in the Catskills.

A selection of news and views from inside the industry this week.