Online Casino News

Michigan Mayor Seeks An End to Seniors' Casino Journeys - 2004-02-04
Mayor Gary Cook is concerned that resident senior citizens may be gambling away their rent money, and he wants the park department to end supplying buses for trips to regional casinos.

But trip coordinators -- and some seniors -- say going to the casinos is an innocuous way to have some fun.

He wondered publicly whether the city, in setting the trips, could be vulnerable to liability if seniors spent their monthly savings at the casinos.
Read the full story at Rolling Good Times

Harrah’s shows record quarterly earnings but profit drops 34.3% - 2004-02-04
Harrah’s Entertainment Inc., the casino business that runs Louisiana Downs in Bossier City and a one-third interest in Turfway Park in Northern Kentucky, showed record earnings of $1.04-billion in the fourth quarter, but "higher gaming taxes and costs associated with developing growth opportunities" sent net income down to $35.4-million, down 34.3% from the $53.9-million recorded in the same period in 2002.

"Boosted by the casino industry’s strongest balance sheet, our acquisition tactic has put us on the threshold of what we believe will be a compelling long-term growth story."
Read the full story at Thoroughbred Times