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Online Casino News for Wednesday - February 4, 2004

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• MGM Mirage Expects to Construct Casino in U.K.
• Uncertainty regarding Indian casino
• Gambling interests contribute funds to PAC
• Oneida considers energy solutions for Turning Stone casino
• Tribes, Arnold draw closer to negotiation
• Arbitration requested in Campo casino dispute
• Fabrizi mentions taxes, casino in State of City discussion
• Beating outside casino won't deter Utah groom
• Tribes, governor motion forward on casino agreement
• Politicians concerned over CVS
• Feds subpoena four closely associated to Morial
• RMB stake in Global Resorts up for grabs
• Tribes, governor go forward with casino contract
• Lines drawn regarding gaming funds
• Hollywood Casino put on the market
• Cash machine crooks snatch £50,000
• Tourist Venues Pop Up, Result From Casino Funds
• Ruling revives gambling war at Statehouse
• Gambling opponents say casinos' payments come with a price
• Legislators promise to retrieve money from casinos
• Judge commands Boomtown relocation details
• U.K. diplomat conducts business call on Gulf Coast
• Either You Love Harrah's or Hate It
• Tribes, governor move one step closer to casino deal
• Illinois gov. wants to contemplate Penn National’s casino bid
• Groom Weds in Hospital Following Abuse
• Harrah’s shows record quarterly earnings but profit drops 34.3%
• Michigan Mayor Seeks An End to Seniors' Casino Journeys
• Castaways Probably Done
• Card will add points for food, display purchases
• Casino vote sees light again
• Developer Said To Be Offered New Jersey Casino Authority Job
• Roulette wheel goes round on a casino
• Casino receives Rockaway endorsement
• Sugglish toursim affecting Ontario gaming
• Phony 'support' letters unveiled
Online Casino News
Either You Love Harrah's or Hate It - 2004-02-04
In the fourth quarter, Harrah's grew earnings 3.6% year over year to $1.04 billion. Cross-market play jumped 19.1%, which helped bolstered results from the company's two Las Vegas companies.

Dragging results, EBITDA at Harrah's Atlantic City fell 10% on a 5.8% decline in profits, mainly because of the entry of MGM Mirage (NYSE: MGG) and Boyd Gaming's (NYSE: BYD) Borgata casino this last summer.
Read the full story at Motley Fool
 
Tribes, governor move one step closer to casino deal - 2004-02-04
Negotiators for Gov. Arnold Schwarzenegger and eight Indian tribes have moved ahead quickly on a long-term agreement that would extend casino gambling operations while sharply increasing payments to the state, sources reported Tuesday.

If the administration in in accord with a compact for 50 years or longer that raises the cap on the number of slot machines permitted in tribal casinos and allows the addition of high-stakes games like craps and roulette, then some tribes may be likely to pay over 15 percent of their annual gaming profits to the state.
Read the full story at Oakland Tribune
 







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