Gamingfloor.com
Google
Find in page
March 2002
North America

31st March      Las Vegas       Source: Las Vegas Sun
MGM Mirage executives rewarded amid layoffs
Just months after announcing some 6,000 staff redundancies, 6 MGM Mirage executives have recieved an additional $5.2 million in bonuses.

31st March      Maine & New Hampshire      Source: Boston Globe
Prospect of casinos in Maine stirs coast - Tribal plan draws an outcry next door
The town of Kittery, that is the subject of the story, is locatedon the Atlantic Coast in South Maine, around 75km North of Boston.

30th March      Gaming Investments       Source: Yahoo/Business Week
BusinessWeek Online - IGT: A Smart Bet on Slot Machines?

30th March      Gaming Investments       Source: Las Vegas Sun
Casino accounting issues raised by gaming analyst
Some interesting comments from Bear Stearns' Jason Ader, especially on the treatment of bad debts and stock options for casino executives.

30th March      Las Vegas      Source: Las Vegas Sun
Supplier sues over patent
Shuffle Master makers of the Ace & King have accused Vending Data subsidiary Casinovations - manufacturer of the Random Ejection Shuffler of patent infringement.
Websites: www.shufflemaster.com & www.randomshuffler.com

30th March      Las Vegas      Source: Las Vegas Sun
Homeless task force concerned about lack of gaming interest

29th March      Detroit      Source: Las Vegas Sun & Detroit News
Detroit mayor, council disagree on way to avert casino closures
Being first permanent casino doesn't ensure market gains

29th March      Las Vegas      Source: Las Vegas Review Journal
Casino industry fearful of fallout - China backlash could affect influx of some high rollers

29th March      Washington      Source: Las Vegas Review Journal
Mandalay quitting lobbying group - Casino giant upset with purported favoritism

29th March      Atlantic City       Source: Press Plus of Atlantic City
CCC bans two more from A.C. casinos

29th March      Las Vegas      Source: Las Vegas Sun
More creditors protest Aladdin sale proposal

28th March     Colorado       Source: Yahoo/PrNewswire
Century Casinos Reports Net Earnings for 2001 and Fourth Quarter

28th March      Las Vegas       Source: Las Vegas Review Journal
Mandalay Resort execs file to sell 3 million shares
The present price of Mandalay stock is $30 - valuing the company at just over $2 billion.

28th March      Missouri       Source: Northern Light
Life Near the Mississippi, Missouri
Yahoo Photos - The Isle of Capri, Boonville, Missouri
Missouri's casinos under state law must float - They are however not all located directly on the Mississippi or Missouri  Rivers.

28th March      Las Vegas       Source: Yahoo/PRNewswire
CJPG Announces 2001 Financial Results

27th March      Las Vegas       Source: Las Vegas Sun
Wall Street banker joins Le Reve effort

27th March      New Jersey       Source: Yahoo/Reuters
N.J. casino commission bans Andersen

27th March     Detroit      Source: Detroit News
Mayor brokers casino deals in 70 days
More gaming, fewer rooms suit operators

26th March     New Jersey      Source: Philadelphia Inquirer
Big change in casinos as nickel slots multiply
Last Year Atlantic City had 7,649 nickel machines, 13 times the number in 1992, and the new multi-line, multi-coin versions  won over $560 million.

26th March     Detroit      Source: Detroit News
Judge threatens to close casinos

26th March     Las Vegas     Source: Yahoo/PRNewswire
Coinless Systems, Inc. Announces Manufacturing Licensing Agreement With Seiko Instruments USA Inc. / Futurelogic Inc.

26th March     Las Vegas & China      Source: Washington Post
China's High Rollers Find a Seat at Table in Vegas - Wealthy Aren't Afraid to Blow Millions, Especially When the Money Isn't Theirs

25th March     Las Vegas      Source: Yahoo/Business Wire
Aristocrat Awarded Contract for OASIS System for the Barbary Coast Hotel & Casino

25th March     Las Vegas      Source: Sunspot.net/Baltimore Sun
High-tech slots prove jackpots - Machines: New bells and whistles turn one-armed bandits into top casino moneymakers
A must read article on the continuing popularity of slots over table games. "In 1960, there were 16,000 slots in Nevada - last year there were 213,191". 

25th March     Reno      Source: Honolulu Advertiser/RGJ.com
Casinos employ global roulette
The Silver Legacy in Reno presently has staff from more than 60 countries on its workforce.

25th March     New Jersey      Source: The Press of Atlantic City - Joe Weinert
Casinos’ finances an open book - Industry’s disclosure allows it to stand tall
After the Enron scandal, proposed changes to accounting rules for US Corporations may make the gaming industry look a more attractive investment bet.

25th March     Talahassee, Florida      Source: Miami Herald
Gambling industry comes up a loser in legislative session

23rd March     Saskatchewan, Canada     Source: Saskatoon/Canada.com
Gov't orders 400 more VLTs - Delivery brings Sask.'s total to 4,000; decision in wake of gambling study called hypocritical
The provincial government recieves 85% of the win from VLT's. Bar and club owners where the machines are situated get the remaining 15%.

23rd March     Connecticut     Source: TheDay.com
Dummy-Proof Slots Eclipsing Table Games - But more dealers are catering to beginners
An excellent article. Connecticut's two Indian casino have a combined 12,839 slots and 649 tables. However with an emphasis placed on friendly  staff & player interactivity combined with the lower house edge, table games are still for many the most important attraction.

23rd March     Chicago     Source: Chicago Tribune &Chicago Business
Gaming panel rejects MGM's Rosemont deal
Gaming board folds MGM settlement

22nd March     Detroit     Source: Detroit Free Press
New deal near on casinos - Tentative pact cuts hotel rooms, lets Detroit keep $150 million

22nd March     Mississippi     Source: Northern Light/AP
Casino Business on the Rise
Mississippi's 30 state regulated casinos won $238.8 million in February. The win in Nevada for the same month was $766.3 million. Mississippi is ranked No: 3 in the US for casino revenues with Atlantic City at No. 2.

22nd March     Atlantic City      Source: The Press of Atlantic City - Mar 19th
A.C. veteran Wolfe takes over struggling Sands

21st March     Las Vegas     Source: Yahoo/Business Wire
Global Cash Access Signs New Contracts With 18 Gaming Properties

21st March     New Brunswick, Canada      Source:  Canada.com/The Canadian Press
N.B. owners of VLTs consider legal action

21st March     Massachusetts     Source: Northern Light/Internet.com
Viisage Buys Biometrica
Biometrica, which uses facial recognition software from Viiasage has so far installed the system in some 150 casinos world-wide.

21st March     New Jersey     Source: Yahoo/Reuters
N.J. Casinos may face court order to cut Andersen ties

21st March     Las Vegas     Source: Yahoo/PRNewswire
Alliance Gaming Announces Two-For-One Stock Split and Completion Of ACSC™ Acquisition

21st March     Dallas     Source: Yahoo/PRNewswire
Hollywood Casino Corporation Announces Closing of Greate Bay Casino Corporation's Sale of ACSC

20th March     New Jersey & Nevada      Source: Las Vegas Sun
Regulator wants Andersen banned
No immediate action planned by Nevada gaming regulators

20th March     Las Vegas      Source: Northern Light/PRNewswire
Station Expects First Quarter Results to Exceed Estimates

19th March     Las Vegas      Source: Chicago Sun-Times
Gin-lovin' mayor has way to bolster Vegas bankroll

19th March     New Jersey      Source: New York Post
Arthur Andersen losing Atlantic City jackpot

19th March     California      Source: Los Angeles Times
Backers Drop Initiative to Loosen Gaming Laws

19th March     Reno      Source: Yahoo/PRNewswire
IGT Announces Formation of Lottery Division

19th March     New York     Source: Northern LIght/Market News Publishing
Global Payments Inc. - Expands Presence in Gaming Industry With Rapid Acceptance Of - VIP Preferred™ Cash Access Systems

19th March     Tallahassee, Florida     Source: Miami Herald
Gambling expansion debate far from over
The Florida State Legislature has voted against a proposal that would have placed video slots at the states Racetracks and Jai-Alai frontons.

19th March     New Jersey     Source: Northern Light/AP
NJ casino regulators want to drop Andersen

18th March     Las Vegas     Source: Las Vegas Sun
Dealers approve union contract

18th March     New York     Source: Yahoo/Reuters
Hollywood Casino Corp. seeking buyers - sources

18th March     Detroit      Source: Detroit Free Press
Detroit faces high-stakes casino talks
In 2001, Detroit's three casinos won $1 billion and presently find themselves at the heart of big city politics.

18th March     Detroit      Source: GlobeSt.com
Mayor Labels Casinos Serious Problem for Motor City

18th March     Philadelphia      Source: Northern Light/AP
Police Arrest 84 in Cockfight Raid

18th March     Washington      Source: Indianapolis Star
Ban on betting on collegiate sports appears dead in Senate

16th March     Las Vegas      Source: TheDeal.com
Colony leading bids on Aladdin casino

16th March     Las Vegas      Source: TheDeal.com
Isle of Capri to sell Lady Luck casino

16th March     Las Vegas      Source:  Northern Light/Business Wire & Las Vegas Sun
Elsinore Corporation Announces Agreement to Sell the Four Queens Hotel and Casino
Four Queens owner to sell downtown LV property

15th March     Mississippi      Source: Memphis Business Journal
Isle of Capri to exit Tunica

15th March     Las Vegas     Source: Yahoo/PRNewswire
Alliance Gaming Awarded 2002 Access Award for Ray Charles™ Slot Machines

14th March     Las Vegas     Source: Las Vegas Sun
Atlantic City casino owner interested in buying Aladdin

14th March     Nevada     Source: Las Vegas Review Journal & Yahoo /Reuters
Casino win off sharply in January - Take from gamblers slips 23.9 percent from year ago
Nevada casino revenues down 15 pct in January
The 23.9% decline is at the Las Vegas Strip's 43 casinos. Statewide, Nevada's casino win fell 14.8% to $766.3 million. Play from the Superbowl weekend and Chinese New Year will show up in February's results.

14th March     Mississippi     Source: Yahoo/PRNewswire & Boston.com
Isle of Capri Casinos, Inc. to Record Asset Impairment in Fiscal Fourth Quarter
Isle places Vegas, Mississippi casinos up for sale

14th March     Connecticut     Source: Hartford Courant
2 Charged In Loan-Sharking - Asian Patrons Targeted At Casinos

14th March     Louisiana     Source: Northern Light/PRNewswire  Mar 13th
Texas Man Wins $8.1 Million Record Slot Jackpot at Hollywood Casino Shreveport
The jackpot on the 8th of March is the largest ever in Louisiana and also the largest ever won on a 25 cent denominated slot.

14th March     Las Vegas     Source: Las Vegas Sun
Suncoast results help Coast cruise through LV slowdown

14th March     Indiana     Source: Las Vegas Sun
Lawmakers agree on casino tax hike, gaming expansion

13th March     Kansas City, Missouri     Source: Kansas City Star
February was a winning month for area riverboat casinos
Nickel slots now account for 28% of all revenue up from 16% in 2000. Average loss per admission was $57.83.

13th March     Montreal, Quebec    Source: Northern Light/Canada News Wire
Loto-Quebec Targets Tourists and Foreign Markets - The Corporation's New President Implements an Ambitious Action Plan to Combat Compulsive Gambling
The Presidentss full speech can be found at Loto Quebec's website:  www.loto-quebec.com/corporat/comm.htm

13th March     Las Vegas     Source: Las Vegas Sun
Control Board sues card cheat

13th March     Las Vegas     Source: Yahoo/Business Wire
Shuffle Master, Inc. Completes Transition to Las Vegas-Based Management Team

13th March     Las Vegas     Source: Las Vegas Review Journal
Casinos to use lasvegas.com to book rooms - Mandalay, Park Place will license Web site from Stephens Media

13th March     Carson City, Nevada     Source: Las Vegas Sun
Laughlin casino patron loses negligence lawsuit

12th March     Las Vegas & Louisiana      Source: Yahoo/Business Wire
Acres Receives $4.6 Million Order From Paragon Casino

12th March     Las Vegas      Source: Yahoo/PRNewswire
Coinless Systems Inc. Signs Licensing Agreement With Alliance Gaming Corporation

12th March     St Louis      Source: St. Louis Business Journal - Mar 8th
Goldstein holds strong hand in Isle of Capri Casinos stock

12th March     New Jersey      Source: Las Vegas Sun
Casino factors contribute to death toll on N.J. roads

11th March     Gaming Investments       Source: Bloomberg News - Mar 8th
Harrah's Shares Rise as U.S. Gamblers Flock to Local Casinos
"Less than 20 percent of Harrah's cash flow comes from Las Vegas, compared with a third for Park Place and 70 percent for MGM Mirage".

11th March     Ontario, Canada - Problem Gambling      Source: The National Post - March 6th
Few gambling addicts getting government help, study finds - 'We don't have the prevention programs in place'

11th March     Vancouver       Source: Northern Light/Market News Publishing
Great Canadian Gaming Corp - Management Discussion For The Quarter Ended December 31, 2001

11th March     Kentucky       Source: Hoovers Online News - Mar 9th.
Gamblers in Owensboro, Ky., Want Casinos, but Catholic Church Balks

11th March     Atlantic City       Source: Press of Atlantic City
Casino Notes - Joe Weinert weekly column

11th March     Las Vegas       Source: Yahoo/PRNewswire
Mikohn's Knowledge-Based and Strategy-Based Games Featured in March, 2002 Issue of Casino Player Magazine

10th March     Florida      Source: Florida Today
Gambling bills play economy - Pari-mutuel sponsors look to change lottery options

10th March     Boston, Maine      Source: Boston.com/AP
Backers of casino plan forge ahead with bill for southern Maine resort

9th March     New Jersey       Source: Press of Atlantic City - Joe Weinert
A.C. casino win up 3.6% in Feb. Casinos pulled in $345.5M. last month
Casino execs hope A.C. stays on roll

9th March     Las Vegas       Source: Las Vegas Sun
Wynn's partner plans to proceed with Vegas resort
The Aruze Corporation paid $260 million for a 50% stake in the Le Reve project. The company is Japan's biggest maker of pachinko and slot machines. Website: www.aruze.com in japanese.

9th March     Las Vegas       Source: Las Vegas Sun
Group to call for MGM Mirage boycott on Las Vegas Strip

8th March     Las Vegas       Source: Las Vegas Sun
Casino to get its fourth name in three years - Detroit casino operators to revamp Summerlin  property; North Las Vegas casino planned

8th March    Vancouver      Source: Northern Light/Market News Publishing
Gateway Casinos Inc. Purchase Lake City Gaming Common Shares

8th March    London & New York      Source: Yahoo/Business Wire
Global Payment Technologies, Inc. and John Huxley Casino Equipment Limited, Sign a Definitive Distribution Agreement for Table Trac Products in the European Table Gaming Market

8th March    Washington      Source: Yahoo/PRNewswire
National Poll Reveals Casino Patrons 'Just Like US' - Home Ownership Rate, Annual Income Exceed the Average American

8th March    Alabama      Source: The Anniston Star
Video gambling arcades given 10 days to close

7th March    Indiana      Source: Frankfort Times/AP
Lawmakers discuss gambling options; ministers pledge opposition

7th March    Gaming Investments      Source: Forbes.com
Casino Stocks - Too Rich, Too Soon?

6th March    Las Vegas      Source: Las Vegas Sun
Palms owner reports strong start for resort - But experts say property struggled out of the gate

6th March    Detroit      Source: Yahoo/PRNewswire
Detroit Casino Council Members Ratify Their First Contract With Greektown Casino
Some  6,100 casino employees at Detroit's three casinos now come under the umbrella of the Detroit Casino Council which comprises five different unions.

6th March   Nashville, Tennessee    Source: CNN Sports Illustrated/AP
Tyson licensed to fight in Tennessee

6th March   Las Vegas     Source: Las Vegas Review Journal
Herbst Gaming reports loss for fiscal year - $13 million debt payoff damages results, officials say

6th March    Reno      Source: Las Vegas Sun
IGT enjoys record year, eyes continued growth
Some amazing statistics. The US slot population now stands at some 600,000 machines. California Indian casinos have 45,000 with IGT supplying half the total.

6th March   Las Vegas     Source: Yahoo/Reuters & Las Vegas Sun
Aztar to complete review of Tropicana site in 2003
Tropicana buyout closes

5th March   Foxwoods, Connecticut    Source: Yahoo/AP
Yahoo Sports Photos
Canadian boxer Erik Lucas sporting a GoldenPalace.com tatoo in his fight at Foxwoods casino on the 1st of March.

5th March   Las Vegas    Source: Las Vegas Sun
Singapore man seeks financing for LV resort - Vegas casino resort pitched

5th March   Las Vegas    Source: Las Vegas Review Journal
New Frontier dealers to consider tentative agreement reached by union, casino

4th March    Washington & Las Vegas     Source: Northern Light/AP
Court Rejects Vegas Casino Appeal

4th March    Las Vegas     Source: Las Vegas Review Journal
The Online Guy: Al Gibes Cabbie's site puts history in front seat
Nice story about a Las Vegas Taxi driver chronicling the history of the city on his website www.earlyvegas.com

4th March    Atlantic City     Source: The Press of Atlantic City
Casino Notes - Joe Weinert weekly column.

4th March    Niagara, Canada     Source: The Toronto Star
Intrigue grows over casino bid - Documents turn up in suit over Niagara deal

3rd March    Florida     Source: Sun Sentinel
Senate passes bill allowing bingo gambling in nursing homes

3rd March    Vancouver     Source: The Vancouver Sun
Something was 'terribly wrong' with gambling club

3rd March    West Viginia     Source: The New York Times
Track and Casino Turn a Rust Belt Town Green

3rd March    Banking & Security     Source: FT.com/American Banker
Will Casino-Tested Software Be a Good Bet for Bank Use?

2nd March    Sacramento, California     Source: San Diego Union-Tribune
State considers lifting ban on public ownership of card rooms

1st March    Detroit     Source: Detroit Free Press
4 casinos are on a roll - Billion-dollar market is in for some changes
Background on the 4 casinos operaring in the Detroit market - MGM Grand, Motor City, Greektown and across the border in Canada - Casino Windsor.

1st March    Investments     Source: Las Vegas Review Journal
Forbes' billionaire list getting shorter - Sinking stock prices shrink membership

1st March    Las Vegas     Source: Yahoo/PRNewswire
The Wait Is Over as Paul McCartney's 'Driving USA' Tour Makes Two Night Stop At MGM Grand April 5 & 6
Paul McCartney's concerts replace the cancelled Lennox Lewis v Mike Tyson fight.

1st March    Missouri     Source: Nola.com/AP & Kansas City Star
Gaming Commission fines two Kansas City-area casinos
Missouri Gaming Commission cites casinos for violations

1st March    Reno    Source: Reno Gazette Journal
Board cuts $14.8 million more from casino valuation