Gambling News Archives 2002

July 2002

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 »
Dockside gambling OK'd for seven Indiana riverboats - 31 July 2002
The Indiana Gaming Commission gave approval Monday for seven riverboat casinos to offer dockside gambling starting Thursday. But the commission punished three other casinos for disobeying a directive to restrict advertising about the start of dockside gambling before the commission's approval. Those boats -- Harrah's - read more »
Military Credit Cards Used for Gambling, Escorts - 18 July 2002
As reported by the Los Angeles Daily News: “Army personnel used their government travel cards on strip club outings, female escorts, Internet gambling and other personal pleasures while racking up millions of dollars in unpaid debts, Congress was told Wednesday. "'Where are the master sergeants? Where are the people w - 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 »

August 2002

Internet Gambling - The Player's Money Machine - 13 August 2002
"Sometimes a machine is hot, red hot. And that's when you make the majority of your winnings. Games on the internet are the same, when they're hot, they're hot. And that's they only way to explain it ... " At least that is how internet gaming analyst Will Valentine explains the phenomenal $400,000 in combined mega-ja - read more »
UN Considers International Lottery - 14 August 2002
As reported by the National Post: “World lottery chiefs met for the first time yesterday to discuss launching an international lottery that would benefit the cash-strapped United Nations and could have a first prize that makes payments from even the so-called 'mega' lotteries look like small change. “One estimate sugge - read more »
Venetian applies for online gaming license - 28 August 2002
A company affiliated with Las Vegas' Venetian hotel-casino has invested in an Internet gaming operation and is exploring opportunities in Indian gambling. Venetian Casino Resort Athens LLC has applied for an Internet gambling license in Alderney in the British Channel Islands. Alderney, an island 8 miles off the coast - read more »
Detroit Mayor, council extend casino deadline - 01 August 2002
Three casinos must again wait to know their fate in the city. Detroit Mayor Kwame Kilpatrick and the City Council agreed Wednesday to extend by two days the deadline to vote on final casino deals. The council now is expected to vote Friday on the development agreements for permanent locations for MGM Grand Detroit, M - read more »

September 2002

Nevada to try attracting more Japanese firms - 05 September 2002
Nearly one-third of the foreign companies operating in Nevada are Japanese, a study conducted by the Nevada Commission on Economic Development says. Knowing that, the state will do more to recruit other Japanese companies. A survey on which the study is based said the total number of businesses excludes retail operat - read more »
Money laundering and Online Casinos: IGC’s View - 26 September 2002
The Interactive Gaming Council (IGC) has refuted claims that Internet casinos are susceptible to money laundering. In a submission to the Financial Action Task Force (FATF), the IGC asserts that Internet casinos are in a better position to address issues of money laundering than their land-based counterparts.The IGC, a - read more »
Is it time to gamble on Pennsylvania slots? - 30 September 2002
It's pretty much a given — people love to gamble and hate to pay taxes. In a state facing a $1 billion budget deficit, it doesn't take a horse-player's instinct to figure out that expanding legalized gambling would fatten the state's coffers and trim the burden on taxpayers.It's a thought that's crossed the minds - read more »
Secrets Of Casino Software - 15 September 2002
Of course what we're really talking about here is the undying suspicion that many players have that the software they use at Casino XYZ is rigged. As tempting as this may be to believe the likelihood of it is very slim indeed. The simple truth of software is that just about anything can (theoretically) be done. If y - read more »

October 2002

London Clubs looks to raise cash - 08 October 2002
London Clubs International (LCI), one of the UK's most established casino chains is in danger of going under, a rare occurrence for land-based casino chains. Unless LCI, operator of some of the most prestigious casinos in London, manages to offload some of its assets or finds a partner to invest funds in the group, it - read more »
Casino insiders buying, selling - 13 October 2002
Park Place Entertainment Corp. Chief Executive Officer Thomas Gallagher on Wednesday purchased 25,000 shares of stock at $6.38 per share and another 25,000 shares at $6.20, according to two separate filings Thursday with the Securities and Exchange Commission. Also this week, Mandalay Resort Group Chief Financial Offi - read more »
Online Gambling Game Providers Face Crackdown - 31 October 2002
The Korea Media Rating Board (KMRB) yesterday announced the suspension of a large number of online game services for running casino-like operations. Dacom Multimedia Internet Inc., a subsidiary of Dacom Corp., and four other online game service providers were slapped with up to 60 days of service suspension and forced - read more »
Cashing in on casinos - 14 October 2002
If you regularly lose your money on the horses or at the roulette table, you may soon have the perfect way of hedging your bets. The UK-based Global Betting and Gaming Consultants has put together an index of the world's top 50 gambling companies and tracked it for the past 12 months. It found that, in the year to the - read more »

November 2002

Casino profit hurt by bad luck - 21 November 2002
Mandalay Resort Group today said it earned 50 cents a share in the third quarter, less than analysts expected, because gamblers won more than usual on table games at its Mandalay Bay casino on the Las Vegas Strip.Analysts expected the Las Vegas-based company to earn 52 cents a share for the quarter ended Oct. 31, based - read more »
Member of Gaughan gaming family, Jackie Jr., dies at 54 - 13 November 2002
John F. Gaughan co-owned two downtown casinos with his father, John D. "Jackie" Gaughan, in the 1980s but unlike his brother, Michael, or their legendary dad, he never really pursued a gaming career.Jackie Jr., as he was nicknamed, shunned the publicity that made his father and brother household names in Nevada, with i - read more »
No dice? Nongamblers in Las Vegas have options - 04 November 2002
For whatever reason - conventions, trade shows, family reunions, car trouble - legions of people arrive in Las Vegas who care absolutely nothing about throwing dice or lining up cherries on a slot machine. Fortunately (and, no doubt, surprisingly to some), the city offers many other daytime diversions, some on the Stri - read more »
Golden Tiger Announces New Multi-Player Poker Room - 05 November 2002
Golden Tiger Casino, one of the largest and most respected online casinos, is both proud and excited to announce the launch of their new Golden Tiger Poker Room. The Golden Tiger Poker Room is part of Microgaming's new Prima Poker Multi-Player Network. Offering the most popular poker games in a live multi play format, - read more »

December 2002

Harrah's renovating, expanding two properties - 03 December 2002
Harrah's Council Bluffs Casino & Hotel in Iowa is planning $8.4 million in renovations at its hotel, including a new marble entryway and new decor in the lobby.Guest rooms will get new furniture, fixtures and 32-inch TVs."We plan to upgrade all aspects of the hotel's public areas, guest rooms and suites," said Peter We - read more »
Station buys land near Indian casino - 14 December 2002
Neighborhood casino operator Station Casinos Inc. has purchased 98 acres of land across the street from its planned Thunder Valley Casino near Sacramento.The vacant parcel, located in an industrial area, was privately owned and wasn't controlled by the United Auburn Indian Community.The sale price wasn't disclosed.Stat - read more »
Korean online lottery launch - 03 December 2002
South Korea is to launch a new online lottery on December 2. The official launch was held last Thursday by the Kookmin Bank and the new lottery oerator, KLS consortium. The launch has led to fears about compulsive gambling. Officials from the consortium said that the new lottery business will help iron out the current - read more »
Casino Critics Getting Tough - 08 December 2002
Emboldened by the federal government's decision to deny recognition to the Schaghticoke Tribal Nation, a coalition of anti-gambling groups will now seek to erect new legal roadblocks to new Indian casinos in Connecticut.Monday, an expanding alliance of business leaders, legislators and citizen activists will unveil two - read more »