Mayor A.J. Holloway watched during his first 12 years in office as a booming Gulf Coast casino industry fueled his city’s economic prosperity. Holloway told the opening session of the Global Gaming Exposition Institute on Wednesday at Red Rock Resort that casinos will once again serve as the catalyst to revitalize the small community ravaged […]
Monthly Archives: May 2006
Shareholders attending Pinnacle Entertainment’s annual meeting Wednesday didn’t have much to say about the company’s proposed $2.58 billion buyout of Aztar Corp. But company Chairman Dan Lee did. Lee told shareholders that Aztar’s advisers acted in a “sleazy” manner as the price for buying the Tropicana’s parent corporation rose significantly in the weeks after Pinnacle […]
Professional poker player Gavin Smith capped his strong year of play in Season IV of the World Poker Tour by being named the tour’s “Season IV Player of the Year.” Over the past year, Smith reached the final table in three separate $10,000 buy-in World Poker Tour events, including a first-place finish at the 2005 […]
Two of the most successful and established online casino and poker room groups in the online gaming industry have announced plans to create a new Internet super-group. Trident Entertainment Group out of Kahnawake in Canada is in discussions with regard to a proposed merger of its operations into Gibraltar-based Carmen Media Group. This would result […]
Despite accolades from business and community leaders, MGM Mirage executives conceded at their annual diversity program presentation Wednesday that they have a long way to go in building a company and industry that fully reflects American culture. The Rev. Jesse Jackson, speaking from the audience, said MGM Mirage and the audience of 1,500 suppliers, contractors […]
As reported by the Philadelphia Inquirer: “For the first time since it debuted nearly three years ago, the Borgata Hotel Casino & Spa was not Atlantic City’s top-grossing casino. Bally’s Atlantic City casino toppled the Borgata from the top spot last month. “The Jersey Shore resort’s 12 casinos generated $440.2 million in revenue in April, […]
The March winds blew yet another travel industry record into Las Vegas, this time the highest monthly visitor count in local history. More than 3.4 million people came here in March, or 11,821 more than were reported for the same month a year ago, the previous titleholder for Las Vegas’ busiest month. That 0.3 percent […]
As reported by the Sydney Morning Herald: “Sydney bookmakers Con and George Kafataris appear to be finally preparing for a big punt on the sharemarket with the listing of their online sports-betting shop, Centrebet. “‘We’re looking at all options at the moment,’ said Con Kafataris, confirming that public listing was one possibility. “The brothers have […]
PokerTek, Inc. today announced financial results for its first quarter ended March 31, 2006. Net loss for the first quarter of fiscal 2006 was approximately $1,591,000, or ($0.17) per diluted share, compared with net loss of approximately $725,000, or ($0.11) per diluted share, in the first quarter of 2005. Revenues from both license fees and […]
As reported by the Columbian: “A list of pending Indian casino proposals circulated Wednesday raises the possibility that the Klamath Tribes of southern Oregon will seek to build a casino in Aurora, Ore., some 20 miles south of Portland. “Federal officials have been deluged with Indian casino applications in response to a bill sponsored by […]
As reported by the Botswana Daily News: “Chairperson of the Casino Control Board of Botswana Lekwalo Mosienyane has been appointed chairperson of the Gaming Regulators African Forum. “A press release from the Ministry of Trade and Industry says Gaming Regulators African Forum aims to promote grounds for sharing of practical experience on matters pertaining to […]
As reported by the Bloomberg News: “A House panel has approved legislation to toughen laws criminalizing Internet gambling, a preliminary step that may lead to enactment by Congress. “A Judiciary subcommittee voted unanimously Wednesday to endorse the Internet Gambling Prohibition Act, sponsored by two Virginia representatives, Bob Goodlatte, a Republican, and Rick Boucher, a Democrat. […]
As reported by the Search400 News: “IBM and four of its software partners announced they are collaborating to launch a “Casino-in-a-box,” an integrated hospitality and gaming suite of products for the System i. “The partners, established vendors in the casino industry (Agilysys, Bally Technologies, InfoGenesis, SSA Global) are offering software that spans the board. Hospitality […]
Net revenue for the first quarter of 2006 increased 31.3% to a record $530.4 million compared to $403.8 million in the prior year’s quarter. Adjusted net income for the first quarter of 2006 improved to $134.8 million, or adjusted earnings per diluted share of $0.38, versus adjusted net income of $103.1 million, or adjusted earnings […]