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Online Gaming News
Kerkorian Succession Issue Highlighted by Merger Offer
11 Jun 2004
The succession plan for Kerkorian's 57 percent interest in MGM Mirage is private and experts appear to have little idea who could end up controlling the casino company in the event he passes away.
Notes' Returns Tied to Station Stock
11 Jun 2004
Wells Fargo & Co. has issued $63 million in 10-year notes whose return will be determined by the stock price of Las Vegas casino operator Station Casinos Inc.
NYRA Selects Another Vendor for Pari-Mutuel Services
11 Jun 2004
Scientific Games Corporation report that The New York Racing Association has chosen another vendor for pari-mutuel services beginning in November 2004.
Ladbrokes Fantasy Betting Launched
10 Jun 2004
Ladbrokes launched a new white label site in June: www.ladbrokesfantasybetting.com, created specifically for Euro 2004.
Wynn Brings Broadway Musical to Vegas
10 Jun 2004
Steve Wynn has lured the winner of the Tony Award for best musical to Las Vegas, the Strip casino-resort developer announced Wednesday.
Wynn's Macau Project Growing
10 Jun 2004
Las Vegas casino executive Steve Wynn will build a larger resort in Macau than anticipated.
Sky City Entertainment Acquires Most of Sky City Leisure Shares
10 Jun 2004
International News Brief: Sky City Entertainment Group Ltd., New Zealand's largest casino operator, said it will acquire cinema company Sky City Leisure Ltd. after gaining control of 95.8 percent of the company's shares.
MGM Mirage Holds Firm on Offer
10 Jun 2004
Wall Street analysts and a source close to the talks said MGM Mirage is holding firm
on its original $68 per share offer to buy Mandalay Resort Group.
Belmont Stakes Handle Up 32% at Youbet
10 Jun 2004
Youbet.com, Inc. reports that its customers wagered a record $1.4 million on the race card featuring the 2004 Belmont Stakes.
'Wal-Mart Effect' Seen With Potential Casino Merger
9 Jun 2004
As talks continue on a potential merger between MGM Mirage and Mandalay Resort Group, the potential fallout of such a blockbuster deal is being assessed by the companies' employees and suppliers.
Mandalay Acquisition Needs Mississippi Approval
9 Jun 2004
News Brief: The Mississippi Gaming Commission would have to approve the MGM Mirage buyout of Mandalay since MGM Mirage and Mandalay Resort Group are licensed in Mississippi.
Harrah's Willing to Raise Offer
9 Jun 2004
News Brief: According to the company’s vice president, Harrah's Entertainment Inc. is willing to raise its offer for the right to build a casino in West Warwick, Rhode Island.
MGM Mirage Extends Deadline on Buyout Offer
9 Jun 2004
MGM Mirage Tuesday extended the deadline on its offer to buy Mandalay Resort Group until 5 p.m. Friday, leading Wall Street analysts to believe the two companies have reopened meaningful talks on what would be the largest gaming merger ever.
Uncertainties Surround MGM Mirage Buyout Offer
8 Jun 2004
Investors waited intently today as a 5 p.m. deadline neared on MGM Mirage's $7.65 billion offer to acquire Mandalay Resort Group and as buyout talks continued between the Las Vegas casino-resort giants.
Unibet Makes Stockholmsborsen List
8 Jun 2004
International News Brief: The gambling operator Unibet Group has been listed on Stockholmsborsen's O list.
Yet Another Unexpected Appearance From a Jackass Golden Palace Stuntman
8 Jun 2004
The high stakes, high pressure racing at Epsom received a much-needed tension
breaker when a GoldenPalace.com inspired stuntman made a 'surprise
appearance', breaking onto the course in a high stakes, Derby Day daring
gallop of his own.
Sky City Deal Expected to Go Ahead
8 Jun 2004
International News Brief: Sky City's takeover offer for cinema operator Sky City Leisure closed last night and was expected to reach the 90 per cent conditional threshold for the deal to go ahead.
Former Harrah's Reno Bartender Loses Nevada High Court Appeal
8 Jun 2004
News Brief: A former Harrah's Reno bartender lost Monday in efforts to get the Nevada Supreme Court to find that Harrah's erred in firing her for refusing to abide by a policy requiring women employees to wear makeup.
Harrah's - Horseshoe Gaming Deal Clears Hurdle
8 Jun 2004
Harrah's Entertainments reports that the Federal Trade Commission has voted unanimously to close its investigation into Harrah's proposed acquisition of Horseshoe Gaming Holding Corp.
BetWWTS.com Invites Bet from Bernard Hopkins
7 Jun 2004
BetWWTS.com has invited Bernard ‘The
Executioner’ Hopkins to place a bet to win up to $100,000 on himself in his championship fight versus Oscar De La Hoya this September.
Kerkorian Strikes Again
7 Jun 2004
Who else but Kirk Kerkorian, majority owner of MGM Mirage shares, could engineer such a stunning proposal to acquire one of the hottest casino companies on the Strip?
Mandalay Shares Soar After Takeover Bid
7 Jun 2004
Mandalay Resort Group shares soared 20 percent this morning after news late Friday that MGM Mirage offered to buy Mandalay for $68 per share, or $7.65 billion.
Harrah's, Arizona Tribe Extend Contract
7 Jun 2004
News Brief: Las Vegas-based casino giant Harrah's Entertainment Inc. will operate the Ak-Chin Indian Community's casino for five more years under terms of a contract extension announced this week.
Scientific Games Extends Contract with West Virginia Lottery
7 Jun 2004
Scientific Games Corporation has extended its online lottery contract with the West Virginia for two more years.
MGM Mirage: Mandalay Offer Leaked
7 Jun 2004
News Brief: Mirage pushed Mandalay Resort Group to go public on a buyout offer Friday, citing concerns that Mandalay's stock movement suggested there had been a leak in the negotiations.
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