Gambling News Archives 2002

July 2002

Democrats at odds on casino - 21 July 2002
Democrats in Bridgeport seemed to be in revolt against their party last week. Anti-casino politicians, including Democratic gubernatorial candidate Bill Curry, should be punished at the polls, they said at a pro-gaming rally Wednesday.Democratic President Pro Tem of the Bridgeport City Council James Holloway took on Cu - read more »
UK government calls gambling reform “a safe bet” - 26 July 2002
The UK government is putting a positive spin on its package of gambling reforms, which are being touted as a means of economic regeneration for UK resort towns. New changes to gambling regulations will allow a new $3,134,650 (£2 million) maximum jackpot in Bingo, and Las Vegas-style live entertainment in casinos. In - read more »
Mohegan Tribe Plans To Invest In Other Casinos - 27 July 2002
The Mohegan Tribe, flush from its recent hotel and casino expansion, is looking for other Indian casinos to invest in around the country."We have had a search on for the last year, looking for opportunities we would like to get involved with," said Thomas Acevedo, chief of staff for the tribe. He spoke during a confere - read more »
NC Senate again pushing video poker ban - 16 July 2002
After failing two years ago, state Senate leaders are again trying to ban video poker machines throughout most of North Carolina.And now they have a federal court ruling which they believe supports their authority to do so.With no dissent, the Senate Finance Committee recommended approval of a bill Wednesday that would - read more »

August 2002

Game room owners file suit to prevent police raids of operations - 25 August 2002
Owners of various Pasadena game rooms are hoping a lawsuit they have filed will show they aren't violating state gambling laws and stop police from raiding their businesses. The dozen business owners filed suit after receiving a letter dated Aug. 15 from Pasadena police Sgt. James Zink, who warned the video machines i - read more »
PayPal to Limit Online Gaming, Pay Fine - 24 August 2002
PayPal, the electronic payment service, has agreed to limit online gambling merchants from using its transaction system and to pay a $200,000 penalty, the New York State Attorney General's office said on Wednesday. PayPal , which Internet auctioneer eBay Inc. plans to acquire, has been the subject of a probe - read more »
MGM back to casino bidding - 17 August 2002
MGM Mirage Inc. is back in the hunt for a Chicago-area casino. On Friday, the Las Vegas-based gaming company instructed its local legal counsel to begin looking for potential casino sites in northwest suburban Des Plaines, confirms the attorney, Lawrence Suffredin of Chicago-based Shefsky & Froelich Ltd. “The compa - read more »
Future Texas lottery may include video betting, multi-state games - 26 August 2002
A decade ago, Texans were so excited about the state's brand new lottery that they bought enough tickets in the first three hours to pay for the games' startup. Now, with the novelty wearing off, lottery officials are faced with the challenge of keeping players' interest. "I think there's a level of maturity this age - read more »

September 2002

Floating casino owners concealed NIS 100m revenue - police - 05 September 2002
Using the Prohibition on Money Laundering Law - 2000, the Israel Police for the first time succeeded today in damaging the floating casino at Eilat. The police gathered alleged evidence for the concealment of over NIS 100 million in revenue in the past two years, of which tens of millions of shekels was laundered. 250 - read more »
Company to expand gambling empire - 04 September 2002
A gambling empire that sprung up from a rural eastern Pennsylvania horse race track is about to go Hollywood. Penn National Gaming Corp. expects to nearly double its revenue with the expected closing of its $780 million purchase of Hollywood Casino Corp. early next year, chief executive Peter M. Carlino said.The deal w - read more »
Rowland Supports Vegas Nights Repeal to Stop Casinos - 29 September 2002
Gov. John G. Rowland on Friday voiced support for the first time for legislation repealing the state's Las Vegas Nights law.Rowland said he believes such a bill is worth pursuing to possibly halt a third casino in Connecticut."I think it's a great idea," he told reporters following a meeting of the state Bond Commissio - read more »
Curry: Bond sale could raise money for resort project - 21 September 2002
Prince George's County Executive Wayne K. Curry has asked the County Council to authorize the sale of $150 million in municipal bonds to help fund the on-again, off-again National Harbor resort project in Oxon Hill.One of two bills Curry is proposing would authorize the sale of $75 million in bonds ''for the financing - read more »

October 2002

Mandalay Resort Group bullish on Las Vegas - 09 October 2002
Despite a proliferation of Indian casinos nationwide, tribal properties can't duplicate the impressive collection of tourist attractions in Las Vegas, a top casino executive assured investors during a conference call. "The casino has become a commodity," Mandalay Resort Group Chief Financial Officer Glenn Schaeffer to - read more »
Wynn relies on reputation to bolster IPO ambitions - 22 October 2002
Casino tycoon Steve Wynn packed a crowd of Wall Street money managers and stock researchers into Manhattan's St. Regis Hotel last Thursday to pitch his dream project: “La Reve”, a megaresort to rival his earlier achievements at the Mirage (now MGM Mirage after MGM bought it from Wynn) and the Bellagio. Despite Wynn's s - read more »
UK gambling reforms outdated before enactment - 19 October 2002
The gambling industry has warned the UK Government that its long-awaited laws to revolutionise gambling could be out of date by the time they come into effect in 2004. The Government is currently drawing up the new legislation, which is intended to modernise gambling and e-gaming, but it won't actually be debated in pa - read more »
Calls for EU clampdown on online gambling - 08 October 2002
Europe should introduce new legislation to clampdown on online gambling fraud, according to a top London lawyer. Steven Philippsohn, senior partner in the specialist fraud law firm Philippsohn Crawfords Berwald, says there are lessons to be learnt from a recent botched attempt to outlaw online gambling in Greece. "T - read more »

November 2002

Boss Media Launches Bingo portal - 16 November 2002
Bingo is one of the world's favorite games in bingo halls as well as in game shows and lotteries. In the U.S., bingo halls receive more than 1.2 billion visits every year. This can be compared with rock concerts with 40 million visits a year, sporting events with 32 million, or movies with 960 million visits each year. - read more »
World Gaming Co-Sponsors International Symposium - 19 November 2002
World Gaming, a global leader in the development, licensing and production of Internet gaming systems, will co-sponsor the Sixth Annual International Symposium on Internet and Wireless Gambling Law and Management.The conference, presented by Bioconferences International, ( a division of Mary Ann - read more »
Company breaks ground on Sacramento area casino - 16 November 2002
Las Vegas-based neighborhood casino operator Station Casinos Inc. broke ground Oct. 26 on its Thunder Valley Casino, a property it will manage for an Indian tribe near a busy highway linking San Francisco with Reno.The casino will open by summer with the remainder of the property open by the fourth quarter of next year - read more »
Harrah's Lake Tahoe to Host World's Largest Slot Tournament - 02 November 2002
More than 250 of the nation's best slot players will gather at Harrah's Lake Tahoe on Nov. 4 to compete for $1 million and the title of National Champion of Slots at the finals of the eighth annual Harrah's Millionaire Maker. Harrah's Entertainment, Inc. (NYSE: HET), which operates 26 casinos nationwide, has been hosti - read more »

December 2002

With gambling a click away, stakes get serious - 02 December 2002
In the quiet of their homes, gamblers are clicking their way ever deeper into debt.Internet-based gambling -- highly controversial, the subject of pending legislation and illegal in many states -- is soaring, said Sebastian Sinclair, president of Christiansen Capital Advisors, a New York-based company that keeps gambli - read more »
Peppermill Affiliate Acquires Silver Smith Casino Resort - 25 December 2002
The Silver Smith Casino Resort in West Wendover reopens today as Montego Bay Casino Resort. The opening follows Wednesday's Nevada Gaming Commission approval of Wendover Casinos Inc.'s acquisition of the Silver Smith Casino Resort. .Wendover Casinos Inc. is an affiliate of Reno-based Peppermill Casinos Inc. - read more »
State GOP lawmaker supports gaming on tribal land - 02 December 2002
An influential Republican lawmaker is drafting legislation to allow the state's three Native American tribes to engage in the same sort of gaming activities that federal courts earlier this year declared illegal at the Tiguas' Speaking Rock Casino. "The only thing that we would be doing is recognizing the sovereignty o - read more »
Inquiry Widens on Gambling at Florida State - 21 December 2002
Florida State linebacker Kendyll Pope received a frantic call from his mother on Thursday after she heard on a radio program that members of the Seminoles' football team were included in a gambling investigation by state and local authorities. "You're not involved, are you?" Pope said his mother asked him. "I'm like: ' - read more »