Online Casino News

Tribes, Arnold draw closer gambling agreement - 2004-02-05
Negotiators for Gov. Arnold Schwarzenegger and several Native- American tribes have moved forward quickly on a long-term agreement that would expand casino gambling operations while sharply increasing contributions to the state, sources stated Tuesday.

If the administration agrees to 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 might be open to pay over 15 percent of their annual gaming revenue to the state.
Read the full story at Whittier Daily News

Harrah’s E.C. boat’s earnings rise 11 percent - 2004-02-05
Harrah’s Entertainment profits for 2003 rose 5.5 percent to a record $4.32 billion from $4.1 billion in 2002.

Locally, the East Chicago boat drove up its earnings by 11 percent in the fourth quarter, also establishing a record.

“It was bound to happen, and it did happen,’’ stated Ron Koziol, a Midwest gambling analyst. “There’s no doubt that high taxes and a cut back in casino hours and cut back in personnel all played a role in people going to Indiana.”
Read the full story at Post-Tribune