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New York News - Page 67

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Cuban to Start Gambling Hedge Fund

News Brief: Mark Cuban, the outspoken billionaire owner of the NBA's Dallas Mavericks, is planning to start a hedge fund that will literally gamble investors' cash.

Scientific Games to Offer $200 Million in Notes

Scientific Games plans to offer $200 million aggregate original principal amount of senior subordinated notes in a private offering to qualified institutional buyers .

Oneidas Start Ad Campaign Against Casino Proposal

ews Brief: The Oneida Indian Nation has begun an expensive TV advertising campaign aimed at blocking a casino gambling deal between the state and a rival tribe.

New York Track Signs Deal

The Standardbred Owners Association of New York has reportedly signed a five-year deal with Yonkers Raceway that will pave the way for long-awaited track renovations and the construction of the proposed video lottery terminal facility.

Mid-State Raceway May be Going Broke

News Brief: Mid-State Raceway may be days from going broke, according to federal government officials.

NYRA Head Has Hands Full

News Brief: Charles Hayward has less than three years to convince politicians that NYRA should remain in its current form rather than be privatized and sold to the highest bidder after 2007.

Turning Stone Bets on Restaurants

News Brief: Following the trail Las Vegas casinos blazed a decade ago when, Turning Stone is attempting to become dining destinations in addition to dollar-and-a-dream casinos.

Troubled Track Offered Loan by Troubled Investor

News Brief: A Las Vegas investor denied a racing license in New York state has offered to loan $3 million to the struggling Vernon Downs harness track.

Scientific Games Receives Contract Extension

Scientific Games Corporation reports that the Iowa Lottery has extended the company's online lottery contract.

One Winning $149 Million Mega Million Ticket Sold

One ticket matched all six Mega Millions numbers in the Friday, November 19, 2004 drawing, and now players in New York City, New York are checking their tickets to see if they are the newest winner of an estimated $149 million jackpot.

Sands Raises Estimate Price for IPO

News Brief: Las Vegas Sands has upped the size of the purse in its $500 million initial public offering in the face of strong investor interest in the country's gambling mecca.

Are New York's Slots and VLTs Constitutional?

Prof. I. Nelson Rose: The future of the gaming industry in New York state depends upon the competence, or more accurately the incompetence, of lawyers.

Empire Resorts to Develop New York Casinos

Empire Resorts, Inc. is moving forward on plans to develop to Catskills casinos with the Cayuga Nation of New York.

County Wants A Cut In Seneca Casino Take

News Brief: Niagara County receives no money from the Seneca Niagara Casino, and with a property tax increase looming in January, County Legislator Richard E. Updegrove is taking a swing at changing that.

N.Y. Governor Signs Pact with Tribe for Catskill Casino

News Brief: New York Gov. George Pataki and the Seneca-Cayuga Indian tribe of Oklahoma agreed to allow the tribe to build the first of three casinos in the Catskill Mountain region.

Empire Resorts to Acquire Resorts

Empire Resorts, Inc. has entered into a binding agreement with Concord Associates LP and an affiliate for acquisition by Empire of the Concord and Grossinger's Resort Hotels and Golf Courses, two of the Catskill Mountains' historically renowned and strategically located resort properties.

Two Talk Catskills Casino Deal

News Brief: Two of the region's biggest dealmakers aim to cut one of the hottest deals to hit the Catskills.

NYRA Appoints New President, CEO

News Brief: The New York Racing Association has appointed a new president and chief executive officer with a short timetable to turn things around for the financially ailing operator of the state's top three thoroughbred tracks.

Seneca Nation Elects New President

News Brief: Barry Snyder was elected president of the Seneca Indian Nation Tuesday, beating two other candidates in a race that focused largely on the future of the nation's casinos.

Woman Is Killed by Gunfire at a Brooklyn Club

News Brief: A woman was shot fatally yesterday morning in the Bensonhurst section of Brooklyn during an argument in what appeared to be a gambling and after-hours club, the police and witnesses said.

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