Gambling News Archive Page 6

Seven companies bid from $60 million to $435 million for permission to operate slot machines and betting tables— less than the $518 million bid the 10th gambling license drew four years ago.

Global Casinos, Inc. this week reported that fourth quarter revenue grew by 96%. According to the firm, sales rose from $1,688,000 to $860,000 in the same period a year ago.

A developer says approximately 30 jobs could be created by the conversion of two floors of Riversway House, a vacant office block on Morecambe Road.

Casinos in Busan, South Korea, are thriving because of the increase of foreign gamblers visiting the country's largest port city, according to industry figures released last week.

Supporters of a proposed casino in Oxford County said this week that building a new casino would attract another kind of entertainment to Maine that will complement offerings in tourist destinations such as Bar Harbor and Old Orchard Beach.

Australia's Star City casino this week unveiled a plan to transform its facility into a new harbor-front entertainment and gaming complex worthy of global attention.

A bill to give government recognition to six American Indian tribes in Virginia will come before a Senate committee this month, marking this as closest the tribes have ever come to that goal after decades of trying.

Gambling grew in August in Atlantic City, the seaside gaming resort in New Jersey.  With a fifth weekend -- rather than the regular sets of Saturdays and Sundays -- and lovely weather for most of the month, revenues inched up by about 1 percent over August 2007.

The Mohegan Sun, one of the largest gambling facilities in the U.S., will open a brand new casino this Friday. "It shows we're continuing to evolve," said Mitchell Etess, president and chief executive officer at Mohegan Sun.

A new report indicates that Louisiana's state-licensed casinos won $232.1 million last month, with winnings boosted by the national holiday, the Fourth of July weekend.