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Online Gaming News
IGT Says Chairman Will Step Down
22 Nov 2004
Tom Baker, who oversaw the transformation of International Game Technology into the industry's dominant slot machine manufacturer and supplier, will step down as chairman of the board, effective March 1, IGT announced Friday.
Company to Sell Junk Bonds
22 Nov 2004
Wynn Resorts Ltd. plans to sell $1.1 billion of junk bonds in the U.S. as some investors and analysts say the two-year rally in high-yield, high-risk securities may be over.
Caesars Sells Another Casino to Columbia Sussex
22 Nov 2004
Caesars Entertainment Inc. has agreed to sell off a second casino to private hotel chain Columbia Sussex Corp. in advance of its acquisition by Harrah's Entertainment Inc.
Atlantic Lottery Track Ownership Fast-Tracked
22 Nov 2004
News Brief: The P.E.I. government has fast-tracked the Atlantic Lottery Corporation's ownership of the Charlottetown Driving Park.
Taking Retailers' Cues, Harrah's Taps into Science of Gambling
22 Nov 2004
News Brief: Every morning, casino host Mark Salvador runs through a computer-generated list of gamblers from around the country looking for people who might be willing to bet more at the Harrah's casino here on the shores of Lake Michigan.
Bookies Bet on White Christmas for Aberdeen
22 Nov 2004
International News Brief: Aberdeen has emerged as the bookies’ joint favourite to have a white Christmas this year.
Fair Grounds Track Faces Competition
22 Nov 2004
News Brief: Churchill Downs Inc. may be able to install up to 700 slot machines at Fair Grounds Race Course, but the track's slots parlor will be competing in a saturated casino state.
Mobile Phone Gambling With Age Verification
21 Nov 2004
Mobvision launch Arabian Night Mobile Casino - a full suite of mobile gambling games.
Caesars, Harrah's Work at Reorganization
19 Nov 2004
News Brief: Rumors are circulating that Caesars Entertainment's mid-south headquarters in Gulfport will close because of a corporate merger, but a spokesman for Harrah's Entertainment said the restructuring is still being mapped out.
Mandalay Officials Could Get $75 Million
19 Nov 2004
Mandalay Resort Group officials are expected to receive cash payments of more than $75.5 million upon the company's historic acquisition by MGM Mirage, recent financial statements show.
S&P Raises Ratings for Wynn Resorts
19 Nov 2004
Standard & Poor's Ratings has raised its corporate and senior secured bank debt ratings for Wynn Resorts Ltd. and its subsidiary Wynn Las Vegas LLC to B+ from B based on higher performance expectations for Steve Wynn's upcoming Las Vegas resort, which is anticipated to open in April.
Poker Fans Chipping in for Charity
18 Nov 2004
News Brief: Poker players are flocking to poker tournaments for a good night of poker and to help raise money for charity.
Casino Workers Find a Home
18 Nov 2004
Desert Oasis apartment complex, a virtual city of 52 beige stucco buildings in Primm, , is available only to employees of Primm Valley, an MGM Mirage subsidiary that owns the Buffalo Bill's, Primm Valley Resort and Casino and Whiskey Pete's properties in Primm.
World Poker Tour TV Games Now Available
18 Nov 2004
JAKKS Pacific, Inc.'s World Poker Tour TV Games are now available at retailers nationwide for the holiday season.
Harrah's Foundation Pledges $1 Million to University
18 Nov 2004
The Harrah's Foundation has pledged $1 million to the endowment of the Philip G. Satre Chair in Gaming Studies at the University of Nevada, Reno.
Horseshoe Casino Proposed for Iowa
18 Nov 2004
The Horseshoe brand is being proposed for Iowa as part of an $85 million capital campaign that will result in a windfall for the state and 300 new jobs.
Betfair Report Sparks Float Rumors
17 Nov 2004
nternational News Brief: Betfair, the privately owned betting exchange, has published its annual report for the first time, sparking speculation that it is gearing up for a stock market flotation.
Betfair Offers Sporting Option Rescue Package
17 Nov 2004
International News Brief: Betfair, the leading online betting exchange, has launched a rescue package for Sporting Options' customers who have lost money as a result of that company going into administration.
British Government Deals Losing Hand to Harrah's, MGM Mirage
17 Nov 2004
Harrah's Entertainment and MGM Mirage emerged as losers Tuesday when the British government announced its initial plans for the deregulation of gaming in the United Kingdom, Wall Street analysts said.
Internet Gambling Approaches Tenth Anniversary
17 Nov 2004
News Brief: Next year will mark the 10-year anniversary of online casinos. More than 5 million Americans have accounts with Internet gambling sites, according to a recent report from the U.S. Government Accountability Office.
Sporting Options Under Investigation
16 Nov 2004
nternational News Brief: Sporting Options, a small Sussex-based online betting exchange which has stunned customers and rivals with its apparent rapid growth, was yesterday placed in administration and police are believed to have been called in to investigate possible misuse of punters accounts.
Paradisebet Signs with Orbis
16 Nov 2004
Orbis reports that it will provide UK based Italian bookmaker Paradisebet Ltd with its OpenBet interactive gambling platform.
Poker Champion Launches Poker Set
16 Nov 2004
Professional poker player Howard Lederer's new Texas Hold'em Poker Tournament set goes on sale just in time for Christmas.
Harrah's Joins Children Hospital Campaign
16 Nov 2004
Harrah's Entertainment, Inc. has joined forces with St. Jude Children's Research to support the hospital's Thanks & Giving campaign.
Excalibur Joins VirtGame's Sports Bet Express
16 Nov 2004
VirtGame Corp. reports that the Excalibur Hotel and Casino, a property of the Mandalay Resort Group, has contracted to be included in VirtGame's Sports Bet Express.
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