Resorts’ fourth-quarter earnings plummet - 2004-02-10
Resorts Atlantic City reported another "no pain, no gain" quarter, with profits hammered by the effects of its major expansion project.

Fourth-quarter cash flow declined 63 percent, to $1.7 million, on net revenue of $44 million, down 15 percent, the casino hotel reported Monday. Its net loss worsened to $4.3 million, compared to a net loss of $2.6 million a year earlier.

For the year, Resorts lost $1.3 million.

Resorts President Audrey Oswell said the results were expected, given the loss of 166 hotel rooms and more than 100 slot machines.
Read the full story at Press of Atlantic City

Lynch proposes new gaming control board - 2004-02-10
With gambling developing into an ever-increasing enterprise in Rhode Island, and with the possibility of a Foxwoods-style resort casino on the horizon, Attorney General Patrick Lynch wants to tighten up the way the state regulates the gaming industry.

Lynch unveiled legislation on Monday that would create a five-member state Gaming Control Commission to license, regulate and enforce the laws and rules concerning casino gambling.

At the same time, he would establish a Division of Gaming Enforcement within the attorney general's office that would, in cooperation with the state police, investigate applications for gambling establishments, prosecute violations before the commission, audit casino operations, and investigate and continually review casino questions.
Read the full story at The Call