Despite a faltering lower-end market, MGM Mirage Thursday posted record revenues and earnings for the second quarter. The salvation of the company’s overall performance came from strong demand for its premium products and condo-hotel unit sales in its Signature project. The company reported second-quarter net income of $146.4 million, or 50 cents per diluted share, […]
Tag Archives: casinos
As reported by the Pittsburgh Post-Gazette: “State Sen. Jeffrey Piccola, R-Dauphin, is urging the Pennsylvania Gaming Control Board not to approve any more slot machine-related licenses before Oct. 31, so the Legislature will have time to make necessary reforms in the 2-year-old slots law. “Mr. Piccola’s call for the delay, made yesterday, conflicts with the […]
Nevada Gold & Casinos, Inc., today announced that the New York Lottery has approved a temporary license to operate video gaming machines at Vernon Downs Racetrack. John Arnesen, President and Chief Operating Officer of Nevada Gold & Casinos, Inc., said, “The receipt of this license is another important step in the redevelopment and expansion of […]
As part of House Speaker Dennis Hastert’s (R-IL) agenda to force Americans to abide with his moral beliefs, Congress is now trying to outlaw Internet gambling. Hastert listed the prohibition of Internet gambling in his recently announced American Values Agenda. The House of Representatives already passed H.R. 4411, The Unlawful Internet Gambling Enforcement Act of […]
As reported by the Agence France-Presse: “Booming Macau will leap-frog the world famous Las Vegas Strip as the world’s strongest casino market this year, analysts said, predicting its gaming halls will generate 8 billion dollars by 2007. “With more than 20 billion dollars worth of investment committed to some 25 new hotels and casinos in […]
Electronic Game Card, Inc. (OTCBB: EGMI), the creator of the Electronic GameCard, has provided a six month update of its business activity, including milestones achieved subsequent to the update issued January 31, 2006. Electronic Game Card (“EGMI”) has entered a highly productive period, which was highlighted by its joint venture partner, Scientific Games Corporation (NASDAQ: […]
EnglishHarbour.com launches the exclusive $100,000 Mermaid’s Quest bonus slot game and has added two new slots called Dr. Love and Eastern Dragon to the Vegas Technology casino platform. Mermaid’s Quest is the 8th unique exclusive bonus slot game offered by online casino EnglishHarbour.com and features a $100,000 jackpot, free-spins, scatter symbols and a 3-stage bonus […]
Results at The Venetian hit a road bump during the spring, but Las Vegas Sands Corp. had China to fall back on. Booming revenue at the company’s casino in Macau helped rescue the second-quarter earnings for Las Vegas Sands Corp. “One quarter or one month does not concern us,” Las Vegas Sands Chairman Sheldon Adelson […]
As reported by the Reno Gazette-Journal: “The Culinary Union failed to gather enough valid signatures of Reno voters for a ballot question that, if successful, would have required a public vote on new casinos outside traditional gaming areas, targeting in particular the Station casino recently approved in the South Meadows. “While petitioners turned in more […]
As reported by the Seattle Times: “A study of Indian tribal economies in Washington state indicates tribes are investing casino income in new businesses and their own government services and, as a result, raising the economic prospects of their members and the surrounding communities. “The Tulalip Tribes’ economy was one of four Indian economies profiled […]
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 […]
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 […]
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 […]
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 […]