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Online Casino News for Tuesday - February 17, 2004

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• Thurlow - Tweed Sno-Skooters raffle off $10,000 snowmobile
Online Casino News
Casino firm craps out in La. - 2004-02-17
The biggest bidder for Illinois’ 10th casino license is in default on debt on a Louisiana casino.

Since obtaining Hollywood Casino Shreveport in its purchase of Dallas-based Hollywood Casino Corp. last year, Penn National Gaming Inc. has refused to make mortgage payments on the casino. The company claims that the casino doesn’t generate enough money to cover payments on the $189-million debt. So far, Penn has missed about $25 million in payments.
Read the full story at Crain's Chicago Business
 
Order Imperils Proposed Casino - 2004-02-17
A federal magistrate has clouded the legitimacy of the St. Regis Mohawk tribal government in a decision that could derail a deal between the tribe and the state for a casino in the Catskills. In a decision made Friday, Syracuse Judge David Peebles ruled that the U.S. Department of Interior must review its decision to recognize the elected three-chief government in place since 2000. The federal agency must re-examine whether the constitutional government that briefly held power in the mid-to-late 1990s should be the recognized leaders.
Read the full story at GamblingMagazine.com
 







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2012-02-08