Gaming industry investors found themselves snorkeling in July, as casino company stocks closed down for the third month in a row. The Dow Jones U.S. Gambling Index, a Dow Jones & Co. industry index of 64 publicly traded casino companies, closed at 525 Monday, down 6.25 percent from 560 at the end of June. Analysts […]
Monthly Archives: August 2006
Harrah’s Entertainment, Inc. today announced that Charles L. Atwood has been appointed vice chairman of the board of directors. Atwood, Harrah’s chief financial officer for the last five years, will be succeeded by Jonathan S. Halkyard, who will add CFO duties to his current role as senior vice president and treasurer. Both appointments are subject […]
As reported by the Albany Times-Union: “It’s cool, the lines are short and this year — for the first time — the thoroughbred races from Saratoga Race Course across the street are being broadcast live at Saratoga Gaming and Raceway. “After arguing over the impact video lottery terminals at the harness track could have on […]
GWIN announced today the company has completed the first step in a comprehensive restructuring plan to strengthen the company’s balance sheet, and to retain the continued services of its key employee and founder, Wayne Allyn Root. Jeff Johnson, CFO of GWIN, stated, “Our chairman, Wayne Allyn Root, agreed to convert a six-figure liability of the […]
As reported by the Pittsburgh Post-Gazette: “The issue of whether to call the Legislature back to Harrisburg to make changes in the law legalizing slots casinos is mired in politics again. “Gov. Ed Rendell and Republican and Democratic leaders in the House and Senate can agree on one thing: The law should be refined. But […]
After four days of intense play, the first round of the world’s most prestigious poker tournament is complete with 3,200 players still vying to become the 2006 World Series of Poker Main Event Champion. The story so far from the Rio All-Suites Hotel and Casino in Vegas is the strong play of defending champions Joe […]
As reported by the Financial Times: “The size of the investment, double the figure reported originally, is part of the US-based gaming company’s plans to change the face of the former Portuguese enclave’s tourism industry, from offering one-day gambling trips to becoming a longer-stay destination. “Company president and chief operating officer Bill Weidner said: ‘These […]
As reported by the Canadian Press: “Ontario’s Casino Windsor says it is laying off 297 unionized and 32 non-union staff due to a slowdown. “Casino official Holly Ward says the reasons include a provincial smoking ban, the U.S. exchange rate and high gas prices. “.Bingo parlour operators predicted a drop in customers because of the […]
A California businessman who claims that Las Vegas casinos preyed on his gambling addiction is attempting to sue MGM-Mirage properties after losing millions of dollars over a nine-year period. Shibley Horaney, of Long Beach, Calif., claims that beginning as early as 1995, representatives from the MGM Grand and The Mirage aggressively solicited him to open […]
Sully Erna, lead singer of Godsmack, shares a laugh after doubling his winnings by going all-in during the opening round of the World Series of Poker’s main event Friday at the Rio. So much for predictions. Harrah’s Entertainment executives thought the championship event of the 2006 World Series of Poker would top out around 8,000 […]
New 54 online slots will be available on the company’s online gaming sites. “There is a growing market for online slot machines and we have put a lot of effort into creating the best online slots on the Internet” explained Mr. Alon Peled, Mentor Gaming CEO The new online slot machines from Mentor Gaming will […]
As reported by the Milwaukee Journal Sentinel: “A state official who helped negotiate a casino agreement with the Oneida tribe previously worked for that tribe as a lobbyist. “Sean Dilweg, the chief aide to Administration Secretary Stephen Bablitch, said he did not believe his ties to the tribe constituted a conflict of interest. Dilweg lobbied […]
As reported by the Minneapolis Business Journal: “Seven of the most famous poker players in the country, including Phil Gordon and Howard Lederer, will file a lawsuit against WPT Enterprises in Los Angeles federal court today, alleging the parent company of the World Poker Tour violated antitrust laws, the poker players’ attorney said. “The lawsuit […]
John L. Parker’s cult classic Once a Runner has captivated high school distance runners for decades. The fictional book follows the journey of Quenton Cassidy, one of the nation’s top milers.Filled with excellent characters and memorable passages, my high school teammates passed the book around so many times that the cover was missing and the […]