Texas News - Page 10

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Texas Slot Battle Not Over

17 February 2005

News Brief: Facing an uphill battle to amend the Texas Constitution to allow video slot machines, some lawmakers are working on legislation to authorize the devices as an extension of the lottery.

Texas Pro-Gambling Campaign Raises $1.4 Million

16 February 2005

News Brief: Texas pro-slot machine interests are seeking a big payoff from $1.4 million in campaign donations they made in the past two years to statewide and legislative candidates.

Central Texas Could Still Get VLTs

15 February 2005

News Brief: Even if Pflugerville doesn't get the go-ahead from the Texas Racing Commission to gamble on horse racing, Central Texas could still get the nod for a video lottery facility if not a full-blown casino.

Texas Gambling Debate Heats Up Again

4 February 2005

News Brief: An optimistic picture of state revenue led the governor and some state officials to predict that the Legislature would reject expanded gambling in Texas but it’s far from being a sure thing.

Godfather of Texas Hold'Em Joins Craze

31 January 2005

News Brief: Many people want to cash in on the gambling craze, including the best Texas Hold 'Em player in the world, Richardson's T.J. Cloutier.

Multimedia Games Acquires Sigma Game Assets

27 January 2005

Multimedia Games, Inc. has recently acquired certain assets of Sigma Game Inc., in an all-cash transaction for an undisclosed amount.

Multimedia Games Results Up

27 January 2005

Multimedia generated revenue in Q1 2005 of $39.2 million, an increase of 13.7% compared to Q1 2004.

Judge Dismisses Lawsuit Over Payments To Vegas Firm

24 January 2005

A judge has dismissed a lawsuit seeking to bar the state from paying nearly $400,000 in legal fees to a Las Vegas law firm hired to write gambling legislation.

'Set For Life' Tickets Recalled

14 January 2005

Texas lottery officials have recalled all tickets for the instant game "Set For Life" and suspended sales after discovering errors that prize amounts for tickets do not match the amounts in the lottery computer system.

Lakes Entertainment Signs Agreement with Texas Tribe

3 January 2005

Lakes Entertainment, Inc. has signed a consulting agreement and a management contract with the Kickapoo Traditional Tribe of Texas.

Restaurant Firm May Venture into Gambling

23 December 2004

News Brief: A booming casino industry, a lack of attractive restaurant merger targets and $400 million in cash has Landry's Restaurants prowling the Las Vegas Strip in search of its next acquisition.

Suit Asks That Payments to Las Vegas Firm Stop

15 December 2004

A watchdog group is suing to block the state from making more payments to a Las Vegas law firm hired a year ago to draft legislation to legalize video slot machines.

Louisiana Leaders Want Rail Connection to Casinos

9 December 2004

News Brief: Louisiana leaders are reviving a 15-year-old effort to connect by rail Fort Worth, Texas, and Shreveport-Bossier City, home of several popular casinos.

Former Candidate Arrested on Gaming Charges

6 December 2004

News Brief: Former Texas City mayoral candidate Frank Skaggs was arrested Sunday on charges of keeping a gambling place at Shenanigans Nightclub.

Texas Track's Future Depends on VLTs

2 December 2004

News Brief: A return to live racing for shuttered Texas racetrack Bandera Downs and the survival of the state’s existing tracks could be jeopardy if the state does not pass legislation to add video lottery terminals gambling, according to officials with Bandera Downs.

Texas Authorities Raid Arcade

30 November 2004

News Brief: In the largest seizure of the year, Brownville police confiscated 92 video gambling machines at the Palace Arcade.

Beal Bank to Provide Trump Loan

30 November 2004

Beal Bank has provided $100 million in interim financing to Trump Hotels & Casino Resorts, Inc as part of that company's recapitalization plan.

New Mexico Casino Expected to Help Local Economy

29 November 2004

News Brief: The bustling new Black Gold Casino and Zia Park Raceway under construction north of town will diversify Hobbs' oil-based economy and create a cornucopia of jobs, said local business people and an economic development official.

Multimedia Games Reports Revenues Up

18 November 2004

Multimedia Games reports for Q4, revenues were $42.7 million, compared to revenues of $30.7 for Q4 2003.

Lakes Entertainment Signs Letter of Intent with Texas Tribe

10 November 2004

Lakes Entertainment, Inc. has signed a Letter of Intent with the Kickapoo Traditional Tribe of Texas to negotiate an agreement with the tribe to consult on the further development and operations of the Tribe's casino located in Eagle Pass, Texas.

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