News - Page 1701

News Brief: Southeast Indiana's three riverboat casinos generated $62.3 million in total revenue in October, reversing a two-month revenue slide, according to figures released today by the Indiana Gaming Commission.

The Mohegan Tribal Gaming Authority, the operators of Mohegan Sun, announced today that Robert Soper has been designated to become President and Chief Executive Officer of Pocono Downs and five Pennsylvania off-track wagering operations.

Off-track bettors get their first sight of new Evangeline Downs Racetrack and Casino today.

News Brief: A wide variety of options would be available to the Grand Traverse Band of Ottawa and Chippewa Indians for future development of the Grand Traverse Resort and Spa, although that does not necessarily mean slot machines and dice tables will be moving in anytime soon.

News Brief: Anti-gambling leaders from Maryland met yesterday with their Pennsylvania counterparts, hoping to establish a defensive perimeter against the expansion of gambling in the Mid-Atlantic.

News Brief: Nearly $5 million seized in a statewide Ohio gambling scam must be sent to the charities it was supposed to reach in the first place, a judge ruled.

News Brief: Gov. Ed Rendell said he could not support Republican-penned amendments to the state's four-month-old slot-machine gambling law that passed Saturday following weeks of partisan jousting over the proposals.

News Brief: Churchill Downs Inc. may be able to install up to 700 slot machines at Fair Grounds Race Course, but the track's slots parlor will be competing in a saturated casino state.

Since no one correctly matched all six numbers in Saturday's drawing the jackpot will grow to an estimated $95 million.

One ticket matched all six Mega Millions numbers in the Friday, November 19, 2004 drawing, and now players in New York City, New York are checking their tickets to see if they are the newest winner of an estimated $149 million jackpot.

News Brief: Las Vegas Sands has upped the size of the purse in its $500 million initial public offering in the face of strong investor interest in the country's gambling mecca.

News Brief: Trump Hotels & Casino Resorts Inc. filed for bankruptcy protection over the weekend, an outgrowth of the debt-laden company's latest plan to secure desperately needed financing.

Pinnacle Entertainment has mended its previously announced cash tender offer for its 9.25% Senior Subordinated Notes due 2007 to increase the maximum principal purchase amount it is seeking in the tender offer from $94 million to $97 million.

Caesars Entertainment has entered into a definitive agreement to sell its Caesars Tahoe casino resort to an affiliate of Columbia Sussex Corporation for approximately $45 million.

With the Sun now in Jupiter ruled Sagittarius, the last month of 2004 has begun.

Prof. I. Nelson Rose: The future of the gaming industry in New York state depends upon the competence, or more accurately the incompetence, of lawyers.

News Brief: Rumors are circulating that Caesars Entertainment's mid-south headquarters in Gulfport will close because of a corporate merger, but a spokesman for Harrah's Entertainment said the restructuring is still being mapped out.

A third meeting between a federal mediator and representatives of the Mandalay Resort Group and the International Union of Operating Engineers Local 501 is expected to take place after Thanksgiving in an effort to resolve a months-long contract dispute.

What was once one of the year's most-discussed local controversies ended with nary a whimper Thursday when the Nevada Gaming Commission unanimously reached a $100,000 settlement with Las Vegas' Hard Rock Hotel.

Nevada gaming regulators on Thursday blocked an effort to allow gamblers to take cash out of their bank accounts while gambling on the casino floor.