Gambling News Archives 2004

January 2004

Vegas landmark casino shuts down after federal agents seize cash - 12 January 2004
Guests staying at a landmark hotel-casino were told to pack their bags and leave on Saturday, a day after federal agents shut down the casino floor and seized money to pay for unpaid employee benefits.The front doors were locked and yellow police tape greeted visitors to Binion's Horseshoe hotel-casino, a staple in dow - read more »
Okla. tribes push for controversial casino near Denver - 16 January 2004
A pair of tribes in Oklahoma declared support Wednesday for a proposal to build a casino off Interstate 70 east of Denver. The statement, issued by the Cheyenne and Arapaho tribes, was the first official announcement of a proposal that has been discussed for weeks, and it resolved questions about whether any Indians ar - read more »
Genting casino king calls it a day - 01 January 2004
Genting Bhd founder Lim Goh Tong, who turns 86 in February, quit as chairman of Asia's largest casino group. He will be succeeded by his son, Tan Sri Lim Kok Thay, who took over from him as chief executive last year.The move marks the end of the elder Tan Sri Lim's 35-year career at a company he built into a group with - read more »
Franklin County voters approve gambling referendum - 29 January 2004
Debbie Monaghan whooped for joy Tuesday when she heard Franklin County voters approved a referendum to allow excursion boat gambling.The Hampton homemaker --- who was married in Las Vegas --- said it was the best news she'd heard in a long time."We need the economic development in this area. We're desperately in need o - read more »

February 2004

Controversial Screenwriter Completes Final Draft of Sports Gambling Film, Seeks Major Production Partnership - 19 February 2004
New York, NY - First Flight Out Films, Inc. has announced today that screenwriter Mark Lugo has completed final drafts of his debut film, Sportsbook. The script, which is completely about sports gambling in America, shows how offshore sports bookies go offshore to keep it legal. Lugo who visited Costa Rica, which is - read more »
Closed Casino: Castaways Likely Finished - 04 February 2004
The Castaways is unlikely to reopen, Las Vegas casino industry executives predicted on Monday after the 49-year-old hotel-casino was sold to Vestin Mortgage, the property's biggest creditor. Vestin was the lone bidder in Monday morning's foreclosure auction held in the lobby of Vestin's El Camino Avenue offices, winnin - read more »
UK Casino industry enters land grab phase.... - 06 February 2004
It is envisaged that the UK's new gambling law, when it is finally passed, will recognise two categories of casino: · small (with a total table gaming area, and excluding other gambling facilities such as betting, bingo and gaming machines) of between 5000 and 10,000 sq feet); and · large (above 10000 sq feet). In a re - read more »
Report: $60 million to be used to build new Atlantic City hotels - 23 February 2004
Casino executives will get $60 million in the next state budget to continue hotel construction, according to a newspaper report. The Press of Atlantic City reported that the money will come from incentives built into last year's $90 million casino tax increase. Parking tax money now will become available to the Casino - read more »

March 2004

Casino plan for Trocadero - report - 28 March 2004
London entertainment centre the Trocadero is at the centre of talks that could turn it into the home of the UK's largest casino, it was reported.Property developer Burford, which owns the Piccadilly Circus landmark, is believed to be in talks with London Clubs International about the proposal.LCI is in charge of the Tr - read more »
Pro card sharks, Hollywood stars square off at TV poker event in S.J. - 04 March 2004
When James Woods arrived at Bay 101 in San Jose on Wednesday morning, he looked at fellow actors Jon Favreau and Mimi Rogers as they finished breakfast an hour before the start of the World Poker Tour Shooting Star Tournament."I don't want to sit with the Hollywood people," Woods joked. "I want to sit with the poker pe - read more »
U.S. Threatens Action Against Online Gambling - 15 March 2004
Federal prosecutors have begun a wide-ranging effort to curb the growing popularity of online gambling in the United States by quietly threatening legal action against American companies that do business with Internet casinos and sports betting operations based outside the country, lawyers and industry executives say.T - read more »
Center Parcs examines casino options - 15 March 2004
Center Parcs (UK) Group has brought in consultants to examine the feasibility of introducing casinos once new gambling laws are introduced,The Times reported.The holiday village group, which joined AIM in December and is owned by France's Pierre & Vacances, has appointed PricewaterhouseCoopers to examine how it could t - read more »

April 2004

Waterfront casino bid revealed - 08 April 2004
Suffolk's first casino could be established in Ipswich after a multi-million pound deal was struck for a landmark waterfront site.Colwyn Developments has bought a series of properties and a development site on the town's waterfront from international shipping firm Contship Containerlines and is in talks about opening a - read more »
Atlantic lottery could use online club to pioneer Internet gambling: CEO - 12 April 2004
An online club that has attracted 24,000 Atlantic Canadians will be used to set up one of the country's first legal Internet gambling sites if the Atlantic Lottery Corp.'s board approves the plan, the agency's president has confirmed. Michelle Carinci, in an interview with The Canadian Press, said the website is alread - read more »
Asia poised for new casino boom - 19 April 2004
Asia's legal gambling industry is poised to boom with a spate of new casinos as governments around the region seek to haul in the billions of dollars circulating through the unlicensed system, analysts say. Singapore's announcement last month that it is considering allowing a casino on its popular Sentosa tourist islan - read more »
Independent NZ casino may be pushed out - 27 April 2004
New Zealand's only independent casino operator fears he could be forced out of business if Sky City Entertainment gets a cornerstone shareholding in Christchurch Casinos Ltd (CCL).Mike Stone, a joint owner of the Wharf Casino in Queenstown, is supporting embattled CCL chairman Barry Thomas to help resist the South Isla - read more »

May 2004

Gateway Casinos buys Radisson Hotel Burnaby for $23.5M, bets on big expansion - 18 May 2004
Gateway Casinos Income Fund has announced a $23.5-million purchase of the Radisson Hotel Burnaby and has big plans to expand it as part of a major gambling and accommodation complex. The Gateway Casinos Limited Partnership, the fund's operating enterprise, is purchasing Villa Hotels, the landlord of the partnership's B - read more »
Council postpones decision on possible casino site - 26 May 2004
The Biloxi City Council on Tuesday tabled for two weeks a decision on whether to allow construction of a man-made basin for a speculative casino venture after Secretary of State Eric Clark raised objections.Back Bay Investments wants to create a casino site on uplands on the north side of Back Bay Boulevard. A similar - read more »
Seneca Indian Nation's second casino opens for business - 03 May 2004
The Seneca Indian Nation's second casino has opened for business in a scene that included traditional American Indian dancers, music and fireworks. The Senecas already operate the profitable Niagara Falls casino, which opened New Year's Eve 2002. The $71 million Seneca Allegany Casino, which made its debut Saturday nig - read more »
Gambling parlors want same tax as proposed for casino - 18 May 2004
If a casino were built in West Warwick it would steal business from existing gambling parlors in Newport and Lincoln, representatives from both facilities said Monday. But, Newport Grand and Lincoln Park said they'd take their chances competing against a casino, if all three were taxed at the same rate."A major destin - read more »

June 2004

Casino giants eye Singapore and Thailand - 23 June 2004
The casino war in Asia is hotting up as gaming giants eye potential markets in Singapore and Thailand while Asia's gambling 'king' Stanley Ho plans to bet US$380 million (S$646 million) on re-inventing his empire in Macau.Following in the footsteps of three others, America's No 3 casino company said yesterday that it s - read more »
Lawmakers want Harrah’s to raise ante - 04 June 2004
House leaders yesterday told Harrah's Entertainment they want a better financial deal for the state before voting on a proposal to build a casino in West Warwick.Harrah's has offered to pay a $100 million licensing fee over 10 years and a gambling tax of between 25 percent and 35 percent, in exchange for the right to b - read more »
Panel agrees to spend $4M in casino funds - 26 June 2004
A panel of Indian tribe members, San Diego County and El Cajon city officials agreed to spend $4 million in state funds collected from East County tribal casinos on a multipurpose helicopter and rural fire district funding.The compromise was reached Thursday by members of the Indian Gaming Local Community Benefits Comm - read more »
Gambling mementos auctioned - 07 June 2004
Pieces of Nevada's gambling history were auctioned off Sunday, with buyers taking home old roulette wheels, the felt tops of dice tables and even some steer horns that once decorated a casino bar.The sale brought in about $12,000 for roughly 25 lots of gambling-related items once owned by Lincoln Fitzgerald, a gambler - read more »

July 2004

London likes a flutter - 24 July 2004
The Millennium Dome had been a massive gamble all along. A cool billion pounds rolled on the success or failure of a massive tent pitched on the North Greenwich peninsula, littered inside with a jumble of patronising stands celebrating the role of corporate sponsorship in New Britain and known collectively as the Mille - read more »
Govt report on gambling gets thumbs up - 23 July 2004
Anti-gambling groups and the clubs industry have given a tentative thumbs-up to a report into problem gambling released by the NSW government.The report, written by the Independent Pricing and Regulatory Tribunal (IPART), contained 108 recommendations.Among them were calls for clocks to be placed on gaming machine scre - read more »
Harrah's to buy casino rival Caesars for $5.2 bln - 15 July 2004
Harrah's Entertainment Inc. has agreed to buy rival Caesars Entertainment Inc. for about $5.2 billion, creating the world's largest casino operator, sources close to the deal said on Wednesday. Harrah's and Caesars together would have $8.8 billion in annual revenue and more than 50 casinos. They would have a sizable pr - read more »
Want to beat the odds? Take a stake in a bookie or casino - 03 July 2004
Gambling is often said to be the fastest way of parting a fool from his money. But according to fund managers, there is a way to profit from gambling: buy shares in the companies that run the casinos and betting shops. Five of the self-made billionaires listed on the Fortune 400 list are casino owners. One of the five, - read more »

August 2004

Poker Gets Popular, Casinos Get Card Rooms - 20 August 2004
A few years ago, casinos across the United States were closing their poker rooms to make space for more popular and lucrative slot machines.But the improbable triumph in 2003 of a 27-year-old accountant from Tennessee, who beat some of the world's greatest professional players on national television, has sent the natio - read more »
Addicts Are Overlooked in Gambling Boom - 03 August 2004
A major expansion of casinos, the lottery, racetracks and card rooms is making California one of the nation's gambling giants. Yet one result of this betting binge has received scant attention from public officials: pathological addiction.Six years ago, the state created an Office of Problem Gambling but only last year - read more »
Casino giants Harrah's, Caesars looking to sell four properties - 31 August 2004
Harrah's Entertainment Inc. and Caesars Entertainment Inc. have begun negotiations to sell four casinos to a group led by a real estate investment company, a move intended to help reduce antitrust concerns involving their recent merger agreement, two sources familiar with the negotiations said Monday.The deal involves - read more »
PBL casino takeover 'won't change' pokies ban - 20 August 2004
The Western Australian Government says poker machines will not be introduced to Burswood Casino, despite its imminent takeover by the Packer family's Publishing and Broadcasting Limited (PBL).PBL has secured more than 90 per cent of Burswood's issued shares.Burswood shareholders will receive $1.30 cash per share, with - read more »

September 2004

Colleges are catching casino fever - 03 September 2004
Marvin Phillips is spending a lot of time this summer at the Akwesasne Mohawk Casino, taking in some poker, roulette and live music. Not for pleasure -- for college credit.The 21-year-old from the St. Regis Mohawk Reservation will enter his senior year at Morrisville State College in September as part of a growing move - read more »
$15 million spent on casino campaign - 04 September 2004
The latest campaign spending tally for the Rockaway Beach casino issue tops $15.02 million, according to reports filed this week by the two principal campaign committees.The Amendment 1 campaign is thought to be the most expensive referendum question in Missouri history.State officials estimated that a casino in the po - read more »
MGM MIRAGE bonds gain on increased Las Vegas travel - 09 September 2004
Bonds of MGM MIRAGE, the third-biggest U.S. casino company, are rising on speculation an influx of visitors to Las Vegas will ease the burden of meeting any additional debt payments taken on in connection with its planned acquisition of Mandalay Resort Group.MGM MIRAGE's 6 percent notes maturing in 2009 rose almost 5 c - read more »
Las Vegas firm to buy casino in state - 05 September 2004
Las Vegas-based Pinnacle Entertainment Inc. has offered to pay $30 million to buy a bankrupt casino on a historic Mississippi riverboat, $2 million more than a competing company's bid.The Pinnacle offer accepts the same terms as those offered by the other company, Wyomissing, Pa.-based Penn National Gaming Inc.In a Fri - read more »

October 2004

Station Casinos net income up sharply - 19 October 2004
Station Casinos Inc. (STN.N: Quote, Profile, Research) , a gambling operator catering to Las Vegas residents, on Tuesday posted a strong rise in third-quarter earnings as the city economy boomed and a California Indian casino managed by Station expanded.Net income rose to $29.1 million, or 43 cents per share, from $19. - read more »
Experts, residents argue gambling expansion - 06 October 2004
In a build-up to the Nov. 2 election, Tim Eyman sparred with opponents of Initiative 892 Tuesday, debating both the benefits and dangers of expanded gambling in Washington. Prodded by questions submitted by Olympian readers for the forum, Eyman and opponents Jim Austin and Alan Yamamoto touched on everything from the m - read more »
Work has started on Bristol's biggest casino, which is part of a multi-million pound leisure complex in the city's Harbourside. The £10 million casino, which will boast 30 gaming tables and 150 jackpot machines, is expected to attract about 3,000 customers a week.It will be part of a complex which will include a Marks - read more »
How the row over Jowell's gambling bill erupted - 27 October 2004
The famously unflappable Tory prime minister Harold Macmillan used to say that "it's all got up by the press". This week the culture secretary, Tessa Jowell, must be tempted to agree. Macmillan's government was attacked ferociously for legalising betting shops in 1960 and introducing premium bonds two years earlier. Ha - read more »

November 2004

Students Compete in CAB's First Annual Fall Poker Classic - 11 November 2004
On Friday, November 5, the Campus Activity Board and 5th Street Poker hosted their first Fall Poker Classic in the Community Center.Students began arriving well before the 7:00 PM start time. Arriving players were greeted to a Community Center which had been transformed into a poker casino, complete with twelve green f - read more »
Las Vegas Sands Discloses IPO Price - 23 November 2004
The company that owns The Venetian megaresort and a hotel-casino in Macau is aiming at an initial public offering price of $21 a share, according to documents filed Monday with the Securities and Exchange Commission. The company, to be known as the Las Vegas Sands Corp. when it goes public, said it plans to sell more t - read more »
Gambling board preparing to get down to business - 25 November 2004
The Pennsylvania Gaming Control Board will hold its first meeting in three weeks, and chairman Thomas A. "Tad" Decker is itching to get started."We're just interested in trying to make this work," Decker said Monday, outlining plans for a three-day meeting in Harrisburg next month for the board to organize itself and s - read more »
Casinos struggle to find way to deal in next generation - 08 November 2004
Twentysomethings have seized on the new Las Vegas as a 24-hour playground where the partying never ends. There's just one problem: They don't gamble as much as their baby-boomer parents.And when they do gamble, they're more likely than their elders to snub slot machines - the casino industry's top profit center - in fa - read more »

December 2004

Chukchansi Gold Casino to Make Donation to Charity in Slot Tournament Winners' Names - 29 December 2004
Chukchansi Gold Resort & Casino will make a $250 donation to each the Susan G. Komen Breast Cancer Foundation and the American Indian College Fund in the name of the first place winners of recent "Give and Take Slot Tournaments" held on Nov. 13 and Dec. 11. Participating guests battled on the slot machines to earn the - read more »
Edward Garruto Named General Manager of Caesars Indiana - 01 December 2004
Edward Garruto, interim general manager of Caesars Indiana, the Midwest's premier riverboat casino resort, has been named general manager of the property. "Ed Garruto is a seasoned casino executive who has held senior management positions at Caesars Indiana since it opened six years ago," said Caesars Entertainment Pre - read more »
Ring in the New Year at Peppermill Reno Hotel Casino - 26 December 2004
The Island Buffet will feature the popular “Seafood Spectacular,” with cracked crab legs on ice, oysters on the half shell, lobster claws, house smoked salmon and prime rib. For serious food lovers the Steak House, White Orchid, Romanza and Oceano will each serve special menus which may be paired with fine wines select - read more »
Annie Duke and Eagle Games Bring Poker to the PC - 01 December 2004
Eagle Games announced today that world-class professional poker player Annie Duke will be endorsing and appearing on its best-selling software game, DD Tournament Poker: No Limit Texas Hold'em. Annie Duke is the leading money winner among women in World Series of Poker history. In August she successfully battled it out - read more »