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August 2002
North America

31st August         Atlantic City       Source: NJ.com/AP & The Guardian/AP
There she is, Miss America, paying off in quarters; former winners object to slot machine
Pageant Slot Machine To Hit Market
Theming of slots is nothing new, but one has to ask about this particular one - are the machines being exploited!

30th August         Atlantic City        Source: Las Vegas Sun
New slots divide fans of pageant

30th August         Las Vegas        Source: Yahoo/PRNewswire
What's On and ilovevegas.com Launch vegasshows.com

30th August         Bell Gardens, California        Source: Yahoo/PRNewswire
The Bicycle Casino's Renowned 'Legends of Poker' Tournament - A New Era Begins!

29th August         Las Vegas        Source: Yahoo/PRNewswire
Global Gaming Business Conferences Presents Racino 2002, the First Conference to Focus on Common Ground Between the Racing and Gaming Industries

29th August         Missouri        Source: Kansas City Star
Argosy casino fined $250,000 by state regulators

29th August         Las Vegas       Source: Yahoo/PRNewswire
MGM MIRAGE Employees Donate $1.9 Million In Southern Nevada

29th August         Las Vegas & Louisiana      Source: Yahoo/Business Wire
Harrah's Entertainment Poised to Acquire Interest In Louisiana Downs Racetrack

29th August         Texas       Source: Yahoo/Business Wire
MGAM Enters Settlement Talks on MegaNanza Suit

29th August         Las Vegas        Source: Yahoo/PRNewswire
Alliance Gaming Announces Distributorship Agreement Focusing on Future Growth of UK Gaming

29th August         Las Vegas       Source: Las Vegas Review-Journal
Aladdin's losses still piling up - Resort records third straight money-losing month in July

29th August         Las Vegas       Source: Las Vegas Sun
Vegas company loses bid to find Internet posters - Mikohn Gaming Corp.

29th August         Detroit       Source: Detroit News
MotorCity Casino closes gap with MGM Grand - Gaming house's profit margins picking up after lackluster start

29th August         US Elections       Source: USA Today
Gambling bug bites needy states
US Today has a detailed article on proposals for gambling expansion in the US that could explode in 2003. Native American casinos are presently permitted in 23 states and non-Indian commercial casinos are allowed in 11.

29th August         Pennsylvania       Source: Yahoo/AP
Gambling an Issue in Pa. Gov. Race

28th August         Las Vegas      Source: Las Vegas Review-Journal
Mandalay profits slip - Good times on the way, exec says
Bellagio expansion confirmed - New 925-room tower will go up on south side of resort's main pool

28th August         Las Vegas       Source: Yahoo/PRNewswire & Reuters Business Report
Mandalay Resort Group Reports Second Quarter Results and Affirms Share Buyback Policy
Mandalay Net Income Falls Slightly
In Las Vegas,  4 of the companies 5 main properties posted lower revenues than in the 2nd quarter 2001. 

28th August         Atlantic City       Source: The Press of Atlantic City - Joe Wienert
DGE seeks casino ban for reputed mob leader

28th August         Las Vegas       Source: Las Vegas Sun
Third tower set for Bellagio

28th August         Las Vegas       Source: Las Vegas Sun
Columnist targets Wynn's plans for Le Reve resort
Will Wynn Resorts Le Reve project be attractive to investors come September 16th?. Some analysts believe that Steve Wynn's reputation for extravagance may be a major factor.

27th August         Detroit       Source: Yahoo/PRNewswire
Greektown Casino Technologies Improve Customer Service

27th August         Nevada       Source: San Francisco Chronicle
Nevadans weigh making pot legal - State stands to reap tens of millions

27th August         Las Vegas       Source: Yahoo/PRNewswire
Bellagio Announces Inspired Expansion Plans

27th August         Las Vegas        Source: Las Vegas Sun
Investors differ on prospects for Le Reve
The IPO for Wynn Resorts Inc. is schedulded for 16th September.

26th August         Washington        Source: Buffalo News - editorial
A gambling boom beckons
A look at the continuing expansion of gambling in the US. Placing slots at Racetracks and creating "Racinos"  being regarded by many polititians as an easy option to balance state budgets without directly raising taxes.

25th August         Detroit      Source: The Detroit News
Greektown bets on new innovations - New token-exchange machines, faster drink fountains, coinless slots to speed up service
Interesting story on new developments on the gaming floor at the Greektown casino. Win from the four Detroit area casinos has now grown to over $1 billion a year.

25th August         Las Vegas       Source: Las Vegas Sun/AP
Sept 11 attacks leave legacy of tighter security in Vegas area

25th August         Louisiana       Source: The Advocate
No dice for tipsy gamblers - Overruled lawmaker wonders how to enforce ban

24th August         Las Vegas      Source: Hoovers.com/Las Vegas Review-Journal
Las Vegas Casino Properties May Enter New Battle for High Rollers

24th August         Atlantic City      Source: The Press of Atlantic City - Joe Weinert. Aug 21st
A.C. casino bus traffic drops - again

24th August         Las Vegas       Source: Yahoo/PRNewswire
Alliance Gaming Announces 'Saturday Night Live' Slots to Be Unveiled at Global Gaming Expo

23rd August         Atlantic City        Source: Christian Science Monitor
Atlantic City reinvents itself as Vegas East - Faced with competition, resort town embarks on biggest building boom in 24 years. But will it work?
"A few blocks from the garish Showboat, ancient row houses list toward deserted streets. Restaurants are shuttered, and skinny boys bicycle past fields flowering with trash."

23rd August         Mississippi       Source: Biloxi Sun Herald
Coast hits $120 million July jackpot - Casinos ring up record winnings in summer boom
The Mississippi Gulf Coast's 12 casinos won $120 million during July - a 9% increase in revenue from July 2001.

23rd August         Las Vegas       Source: Yahoo/Business Wire
Park Place Issues Statement on Federal Court Decision Dismissing Rival's Claims in Catskill Case

22nd August         Las Vegas       Source: Las Vegas Sun
Woman's parents open lawsuit against casino - Hawaii resident slain during scuffle involving guards, suspected thief

22nd August         Nevada       Source: Reno Gazette Journal/AP & Las Vegas Review Journal
Panel hears pitch for higher casino taxes
Neal's push to increase gaming tax challenged
Senator Joe Neal, D-North Las Vegas, argues that current 6.25% tax should rise to 10.25% for the states largest casinos.

22nd August         Las Vegas       Source: Yahoo/Business Wire
Shuffle Master Announces Record Third Quarter Results
The company now has 9,000 shufflers installed. Leased table game installations stand at 1,476.

22nd August         Louisiana        Source: The Advocate
Limit to affect boat patrons who get drunk

22nd August         Helena, Montana       Source: MontanaForum.com
Too soon to determine smoke ban’s revenue impact - Non smoking

21st August         Las Vegas      Source: Las Vegas Review-Journal
SEC filing sheds light on Wynn Resorts' developments - Casino company's board of directors, financing strategies revealed

21st August         Black Hawk, Colorado      Source: Las Vegas Sun
Black Hawk casino hit by financial woes
Colorado has low stake gambling with a maximum bet on Blackjack of $5. 81 casinos have closed sine they were legalised in 1991.

21st August         Las Vegas       Source: Northern Light/Business Wire
Global Cash Access Signs Agreement With Pinnacle Entertainment and 19 Other Gaming Properties

21st August         Winnepeg, Manitoba      Source: Canada.com/National Post
New casino proposed for Brandon

21st August         Niagara Falls, Ontario      Source: Canada.com/National Post
Bomb threat halts casino construction

20th August         Atlantic City       Source: The Press of Atlantic City
Casinos win in 2nd quarter with $315M. operating gain

20th August         Las Vegas & Macau      Source: Yahoo/Forbes.com & Las Vegas Sun
Calculated Risk - Sheldon Adelson has grandiose plans in Macau. Other people are putting up the capital.
Adelson called masterful at using others money

20th August         Las Vegas & New York      Source: CBS Marketwatch - Aug 18th.
Wynn readies pitch for casino IPO
The IPO for Wynn Resorts Inc. is set for September 16th and will coincide with the G2E show in Las Vegas. Wynn spoke about plans for his Le Reve project at last years WGCE.

20th August         San Jose, California      Source: The Mercury News
Casino advocate looking to buy S.J. cardroom

20th August         San Diego & Central America      Source: Yahoo/Business Wire
International Thunderbird Gaming Corporation: Message to Our Shareholders On 2002 Second Quarter Results

19th August         Las Vegas      Source: Northern Light/Business Wire
Aristocrat Acquires Hanson Distributing

19th August         Newton, Mass      Source: Northern Light/PRNewswire
Casino City Press Launches New CasinoVendors.com Website

19th August         Las Vegas       Source: Las Vegas Review-Journal
Aladdin: What went wrong? Insiders say inexperienced owners, poor design helped spell disaster for reconfigured resort
The Aladdin: What the experts say.
The Review-Journal's Jeff Simpson takes a very interesting look at the catalogue of errors leading up to the Aladdin's bankruptcy. Although the property cost almost as much as the Bellagio it only produces 20% of the cash flow.

19th August         Las Vegas       Source: Las Vegas Review-Journal
The return of the high rollers - Casinos increase marketing efforts to counter post-Sept. 11 decline
Las Vegas operators are upping marketing efforts to try and lure back some of their mainly asian high end customers. Baccarat win fell 28.7% to $375.5 million in the year ending 30th June.

19th August         Atlantic City        Source: The Press of Atlantic City
N.J. businesses, casinos bracing for heavy levy

18th August         Las Vegas & New York       Source: Yahoo/Reuters
Casino Mogul Wynn to Take IPO on the Road
Steve Wynn hopes to float his company Wynn Resorts Ltd on the Nasdaq exchange under the symbol "WYNN" in mid September.

18th August         Washington      Source: Washington Post
Gambling's Quick Fix - opinion
The writer served on theNational Gambling Impact Study Commission. Interesting statistic that 51% of lottery ticket sales come from 5% of players, many earning under $10,000 per annum.

17th August         New Jersey       Source: The Press of Atlantic City - Joe Weinert
McGreevey signs casino deregulation bill Move streamlines regulations from beer sales to internal controls
36 changes to the Casino Control Act have been made including allowing casinos to have their main entrance open directly onto the gaming floor.

17th August         Las Vegas       Source: San Diego Union-Tribune/AP
Vegas casino robbery mastermind gets four life terms
Man who led crime spree gets life term
Jose Manuel Vigoa pleaded guilty to a string of robberies from June 1998 to June 2000. Two security guards were shot dead in one of the robberies in Henderson, Nevada.

16th August         Las Vegas       Source: Las Vegas Review-Journal
Earnings soar for Stratosphere

16th August         Atlantic City       Source: Philadelphia Inquirer
Law lets casino staff offer booze
Cocktail waitresses will be allowed for the first time since casinos were legalized in1978 to actually say that they offer alcoholic drinks.

15th August         Detroit      Source: Detroit News
Gaming revenues up 15% as Metro casinos bounce back

15th August         Las Vegas      Source: MSNBC/Wall Street Journal
Casinos ready luxury salons - Vegas tries to lure high rollers, with a little privacy
MGM Grand intends to offer private gaming in September. Baccarat win on the Strip was down 84% in June from 2001.

15th August         Dallas      Source: Yahoo/PRNewswire
Hollywood Casino Corporation Announces Second Quarter 2002 Results
The $916 million merger with a subsidiary of Penn National Gaming is expected to complete in the first half of 2003.

15th August         Las Vegas       Source: Yahoo/Business Wire
Thompson Resigns as CEO of Mikohn

15th August         Las Vegas       Source: Northern Light/PRNewswire
Casino Journal Reports Second Quarter Results

14th August         Las Vegas       Source: Las Vegas Sun
Tic-tac-toe winner gets more than chicken feed
Ginger the Chicken has finally been beaten after over 3 months of play. The winner takes home a $10,000 prize.

14th August         Nevada       Source: Las Vegas Review-Journal & Las Vegas Sun
Gaming win suffers record decline - Drop of 3.7 percent at Nevada casinos bodes ill for state budget
Nevada casinos suffer decline - State forced to make large cuts
Nevada's 342 casinos won $9.3 billion in the fiscal year ended June 30th, a decline of 3.7% from the prior year. The state is suffering from the twin effects of September 11th and expanding Indian gaming in California.

14th August         Detroit & Widsor, Ontario       Source: Detroit News
Casino Windsor pulls ahead of Detroit's gaming parlors - Promotions and giveaways push it back to the top spot
June win for the 4 casinos servicing the Detroit market was - Windsor ($104.5m), MotorCity($100.6m), MGM Grand Detroit ($99.3m), Greektown ($80.9m). A combined average daily win of $12.85 million.

14th & 15th August        Newton, Mass       Source: Yahoo/PRNewswire
Casino City Press Offers Free Listings in 2002 Gaming Business Directory
Casino City Press Offers 2002 Gaming Business Directory Specials

14th August         Nevada       Source: Las Vegas Review-Journal
Regulators float plan for online slot metering
The proposal is for all the states casinos that have slot revenue of $10 million or more to have an online monitoring system - Good news for some suppliers!.

14th August         Louisiana       Source: Nola.com/AP
Lawmakers don't like rule to stop drunks from gambling
Louisiana lawmakers seem to believe that trying to prevent a customer from playing when obviously too drunk to make rational decisions is an infringement upon their civil liberties.

14th August         Nevada       Source: Northern Light/Christian Science Monitor
Brothels, blackjack, and ... bongs? Oh my
Nevadan's will vote on a bill in November to decriminalize possession of less than three ounces of cannabis for anyone over 21.

14th August         Vancouver, BC       Source: Northern Light/Market News Publishing
Concorde Gaming Corp - Third Quarter Profits; Nine Months Net Revenue Up 20.3%

13th August         Waukegan, Illinois       Source: Yahoo/Business Wire
WMS Industries Reports Fourth Quarter Profit
The company sold 1,312 machines in the quarter ended June 30th compared with 4,213 in the same period in 2001. Total  sales for the 12 months being 6,916 units down from 19,070 in the prior year.

13th August         Atlantic City        Source: The Press of Atlantic City - Joe Weinert
A.C. card counters’ days are numbered - must read!
A rare look inside the solitary world of Blackjack Card counters. Counting is not illegal in Atlantic City and casino gift shops sell books on how to do it. Management being adept at using every (Gaming commission approved!) trick in the book to frustrate them.
Card-counting basics

13th August         St. Louis, Missouri        Source: St. Louis Business Journal
Casinos report mixed results in July

12th August         Las  Vegas        Source: Las Vegas Sun
Executives rewarded with raises, stock
The 5 year pay rise packages awarded to 5 MGM Mirage executives include some 400,000 shares presently valued at $14.3 million. CEO Terri Lanni will see his annual pay double to $2 million.

12th August         San Diego County, California        Source: San Diego Union-Tribune
County's casinos and jails have become big business

12th August        Mississippi        Source: Biloxi Sun Herald
Casinos help keep taxes low in Biloxi

12th August         Las Vegas       Source: Northern Light/Business Wire
Shuffle Master Announces Product Acquisition; Oliver Schubert Joins Shuffle Master as Director of Product Development, Tables

12th August         British Columbia, Canada       Source: Northern Light/CCNMatthews
Great Canadian Gaming Corporation: Financial Results for the Six Months Ended June 30, 2002

11th August         Nevada       Source: Las Vegas Sun/AP
Longtime owner of landmark Gardnerville casino dies

11th August         Quebec, Canada       Source: Canada.com/Montreal Gazette
Odds favour Tremblant for tourist-target casino
A detailed look at Loto-Québec's casino and VLT operations. Casino Montreal has 3,060 slots and 127 tables with visitors averaging 20,000 a day.

10th August        San Jose, California       Source: The Mercury News
Bay 101 card club cuts 200 workers

10th August        Atlantic City      Source: The Press of Atlantic City
Children winning casinos’ attention - Officials working to keep them supervised

10th August        Las Vegas       Source: Las Vegas Review-Journal
MGM Mirage rewards execs - Company awards five senior executives $2.6 million in annual pay raises
The LVRJ also has a graphic detailing who's getting what:
http://www.lvrj.com/lvrj_home/2002/Aug-10-Sat-2002/photos/mgm.jpg

9th August        Las Vegas       Source: Las Vegas Review-Journal
Mikohn Gaming cuts 42 workers from Las Vegas work force

9th August        Las Vegas       Source: Las Vegas Review-Journal
Horseshoe makes changes - Slots replace some table games

9th August        Chicago       Source: Yahoo/PRNewswire
Statement from Attorney General Jim Ryan on Today's Gaming Board Vote Regarding the Proposed Settlement with Emerald Casino

9th August        Las Vegas       Source: Yahoo/PRNewswire
MGM MIRAGE Engages Management Team to 2006

9th August        Detroit       Source: Detroit Free Press
MGM probed for liquor law violations

8th August        Problem Gambling - Las Vegas       Source: Las Vegas Review-Journal
Detective called problem gambler - Prosecutor alleges habit led to heist

8th August        Las Vegas       Source: Las Vegas Sun
Mikohn announces layoffs, will close Las Vegas plant

8th August        Edmonton, Canada       Source: Canada.com/Edmonton Journal
Las Vegas casinos sue city couple - $1.2-million lawsuit alleges businessman and wife wrote bad cheques

8th August        Pennsylvania & Dallas       Source: Las Vegas Sun/AP & Chicago Sun-Times
Penn National buying Hollywood Casino Corp.
Aurora casino sold for $347 million 
Penn intends keeping the Hollywood Casino brand and converting its existing properties to that name.

8th August        Las Vegas        Source: Northern Light/Business Wire
Global Cash Access Signs New Contracts With 15 Casinos; Properties To Use GCA's Latest Products And Services

8th August        Las Vegas        Source: Yahoo/Business Wire
Mikohn Gaming Announces Cost Cutting Measures
Mikohn Gaming to cut workforce by about 15 percent

7th August        Las Vegas         Source: Las Vegas Sun
Nevada's casino industry addresses problem gambling
Nevada residents with gambling problems are thought to number between 40,100 and 63,900 according to a study released in March. Despite receiving millions in annual taxes from gaming, the State of Nevada does not fund any gambling treatment programmes.

7th August        Las Vegas        Source: Las Vegas Review-Journal
Venetian woes sink Sands' bottom line - Declining room rates, reduction in casino business hurts property

7th August        Pennsylvania & Texas         Source: Yahoo/PRNewswire
Penn National Gaming to Acquire Hollywood Casino Corporation for $12.75 Per Share in Cash in a $780 Million Transaction
Hollywood operates 3 riverboat casinos in Aurora, Illinois, Tunica, Mississippi, and Shreveport, Louisiana. If approvals are granted from regulators Penn National will become the seventh largest gaming company in the US.

7th August        Missouri         Source: Yahoo/PRNewswire
Ameristar Casino St. Charles Celebrates Grand Opening

7th August        Las Vegas         Source: Yahoo/Reuters
NBC to Anchor Show Testing Center at Vegas Casino

6th August        Las Vegas        Source: Las Vegas Sun
Results are disappointing as Venetian room rates weaken - Megaresort revenue declines in quarter

6th August        Las Vegas        Source: Yahoo/PRNewswire
Global Gaming Business Magazine to Produce Show Daily for Global Gaming Expo, Sept. 17-19, 2002

6th August        Scotsdale, Arizona        Source: Yahoo/PRNewswire
Atronic Announces 'Inspiring Depth' at G2E

6th August        Las Vegas        Source: Yahoo/Business Wire
Las Vegas Sands, Inc. Reports Second Quarter Results

6th August        Waukegan, Illinois        Source: Yahoo/Business Wire
WMS Gaming Receives First New Game Approval From Mississippi Gaming Commission as Game Submission Process Resumes

6th August        Reno       Source: Sacramento Business Journal
Reno rolls the dice to keep its gamblers - A $105 million renovation is city's response to tribal casinos

6th August        Las Vegas       Source: Yahoo/PRNewswire
Gaming Standards Association Adopts IGT SAS 6.00 as an Official Specification

6th August        Indiana & California       Source: Yahoo/PRNewswire & New York Post
Pinnacle Entertainment and the Indiana Gaming Commission Agree to Settlement
Casino gets $2.26 million fine in girls-and-golf scandal
The company will close the Belterra Casino Resort for 3 days and pay a fine of $2.26 million.

6th August        Washington       Source: Yahoo/PRNewswire
AGA Encourages Employees, Public to 'Logon To Learn' During Fifth Annual Responsible Gaming Education Week
Responsible Gaming Education Week runs from 5th - 9th August. AGA website: www.americangaming.org

6th August        Las Vegas      Source: Yahoo/PRNewswire
Acres Receives $2.4 Million Order From the Sahara
Acres Launches NexGen™ Touch Screen; Interactive Multimedia Display Paves Way for New Generation of Bonusing
PRNewswire Photo - Acres' NexGenInteractive Multimedia Display

5th August        Detroit       Source: The Detroit News
Casino deal shows who has the real power around Detroit - opinion
The article on the new casino deals includes this amusing quote - "All the casinos had to do was wait long enough, and pump enough revenues into the city's coffers, and they'd end up riding in the cart instead of pulling it".

5th August        Maryland       Source: The Washington Post
Tight Times for States Improve Gambling's Odds
Economic downturn in the US is prompting state lawmakers to look once again at gambling to help balance the budgets.

5th August        Mississippi       Source: GoMemphis.com/AP
Mississippi dockside casinos mark a decade in business
Casino gaming began on 1st August, 1992. The riverboats Emerald Lady and Diamond Lady opened as the Isle of Capri Casino.

4th August        Las Vegas       Source: Las Vegas Review-Journal
Fleeing casino robber shot, killed - Police hail guard for action in Boulder Station incident

4th August        St. Louis, Missouri       Source: Kansas City Star
One sentenced in casino theft scheme

3rd August        Florida       Source: The Ledger.com/AP & Orlando Sentinel
Will South Florida Become Next Vegas?
Don King's has plans to build a new boxing stadium at a forner Jai Alai Fronton.
Harrah's bets casinos would do well in Florida
Casino gaming has been rejected by voters in Florida in 1978, 1986 and 1994.
Harrah's survey of gambling 2002 can be found at - http://www.harrahs.com/about_us/survey/

3rd August        Detroit       Source: ClickonDetroit.com
Detroit City Council Approves Casino Deals - Debate Comes To An End
Casino Development Timeline

3rd August        US - Lotteries       Source: Yahoo/Reuters Business Report
States Bet on Lotteries as Winning Ticket

3rd August        Las Vegas       Source: Yahoo/AP & Las Vegas Sun/AP
Robbery suspect killed in Las Vegas casino after shooting employee
Robbery Suspect Shot in Casino

2nd August        Indiana       Source: Indianapolis Star
Casinos introduce dockside gambling - New law lets gamblers relax about timing restrictions
Dockside gaming for the 10 riverboats is expected to net the state an additional $300 million in taxes.

2nd August        Missouri       Source: Yahoo/PRNewswire
All-New Ameristar Casino St. Charles Will Bring Far-Reaching Economic Benefits to the City, State and Region

2nd August        Nevada       Source: Las Vegas Review-Journal - July 30th
Keno ads get closer scrutiny - Nevada Numbers: Is it a lottery or not?
Players pick 5 out of 80 numbers, all correct wins the progresive jackpot that starts at $5 million. The true odds are 1 in 24 million.

2nd August       Detroit        Source: Detroit News
Pivotal casino vote today - Kilpatrick confident he has secured council approval for three permanent gaming sites

2nd August       Las Vegas        Source: Las Vegas Sun
Herbst Gaming eyes IGT casino, slot route assets

1st August       Las Vegas        Source: Las Vegas Review-Journal
New Mikohn president faces tough tasks
SEC filing  - August 2nd. - Mikohn Gaming Corp

1st August       Las Vegas        Source: Las Vegas Review-Journal
Coast Casinos boss puts IPO on hold

1st August       Nevada        Source: Las Vegas Sun
Regulators monitor marketing of Nevada Numbers - Control Board wants 'keno' used in all ads

1st August       Indiana        Source: Chicago Sun-Times
Indiana casino boats stay docked to woo gamblers
Indiana's riverboat casinos can conduct dockside gaming from today. The ships will however still have to maintain a crew onboard.

1st August       Colorado & South Dakota        Source: Northern Light/Business Wire
Concorde Gaming Acquires Colorado Real Estate; Completes  Long Term Financing

1st August       Denver       Source: Yahoo/Business Wire
Ten Stix Inc. Enters Into Agreement With Magnum Gaming, Inc. to Purchase Their 'Bet the Set' Blackjack Casino Table Game

1st August       Detroit       Source: Detroit News
Two accused of forging tokens - Police say pair may have used slugs in several casinos

1st August       New Orleans       Source: Yahoo/Reuters Company News
Harrah's to buy out New Orleans casino for $54 mln

1st August       Illinois       Source: Yahoo/PRNewswire
Horseshoe Gaming Holding Corp. Reports Second Quarter 2002 Earnings