News - Page 1911

According to Moody’s, the debt rating outlook for the gaming industry remains stable despite a weak economy and increased operating expenses, while casino revenue is expected to rebound over the next 12 months from the sluggish economy, the war in Iraq and higher gaming taxes.

Acres Gaming has received an order from the Atlantis Casino Resort in Reno, Nevada.

News Brief: The casino will create 800 jobs in Cattaraugus County where unemployment rates are typically some of the highest in the state.

John G. Brokopp: "Slot machines, both the traditional reel variety and the new wave of multi-line video version, dominate the gaming inventory."

MTR Gaming Group of Chester, W.Va., reported Friday that increased competition in Nevada and costs associated with the purchase of an Ohio track resulted in a 4 percent drop in net earnings during the quarter ended Sept. 30.

After a down month in August, Nevada casinos bounced back in September to report $841.5 million in winnings, up 3.9 percent from a year ago, the state reported today.

Room occupancy for hotels and motels in the Reno area slipped slightly in September, partly because of a quirk of the calendar.

The Greektown, MGM Grand and MotorCity casinos are considering petitioning for a November 2004 vote on plans to allow slot machines at horse tracks.

Las Vegas will spotlight its position as a good location for corporate meetings and incentive bonus travel in a business publication that will reach 4.5 million readers.

A selection of news and views from Atlantic City this week.

Though it took much more time and money than its owner anticipated, the new Westin Casuarina Hotel finally welcomed its first customers Thursday evening.

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

Televised poker tournaments and Internet poker sites together have fueled explosive growth in the number of players, and Las Vegas poker bosses see the results in their card rooms.

With the days of mob-operated casinos part of the city's colorful past, today's Las Vegas is a billion-dollar business with strong ties to Wall Street

News Brief: Eight people have been charged with possession of gambling records, accused of running an illegal sports betting operation in the greater Albany area that took in about $20,000 in wagers each weekend day, according to New York State Police.

Barney Vinson: Vegas casinos are at it again, chopping down trees to plant a forest.

News Brief: The Agua Caliente Band of Cahuilla Indian and local economic experts expect that the new $95 million Spa Resort Casino will be a catalyst to revive Palm Spring’s downtown scene.

News Brief: The Palace Indian Gaming Center officials are asking Kings County to help them finance a $95 million expansion project.

News Brief: Five multi-jurisdictional wagering hubs in Oregon, including Youbet.com and Television Game Network, handled $224.9-million during the three-month period that ended September 30, a 60.8% increase over last year when the Oregon hubs handled $139.9-million.

Michigan Lottery will be conducting a drawing to select five finalists who will participate in a grand-prize drawing for the "$2,000,000 Fortune" instant game.