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Online Casino News for Thursday - February 12, 2004

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• Editorial: Vote no on casino
• Lakes Entertainment, Inc. Announces Results for Year 2003
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• Talks seek Ky. casino, racetrack compromise
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• Student group voices opposition to Madison casino
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• Push To Land Casino In Des Plaines Picking Up Steam
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• SkyCity buys Darwin casino for $195m
• Exclusive interview with chief of Schaghticokes
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• No-casino trio enter recall fray
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• Seminar Focuses on Fighting Casino Crime
• Man Submits Initiative To Legalize Gambling In Barstow
• Connecticut Leaders Renew Effort To Block Tribal Casino
• Casino Cuts Come During Campaign
• Swiss tourists get rewards
• Democrats vow to keep slots parlor out of county
• Trump Hotels & Casino Resorts, Inc. Enters into Exclusivity Agreement with Affiliate of CSFB and Announces Fourth Quarter and Year End Results
• Reno men's club faces legal hurdles over proposed move
• Ponting says he can improve
• Board recommends permanent disbarment for Stephen Edwards
• Casino to pay for work
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• Humane Society planning bus trip
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• Station settlement details reported
Online Casino News
Editorial: Vote no on casino - 2004-02-12
Backers of the Feb. 17 referendum on whether to transform the DeJope bingo hall on Madison's southeast side into a high-stakes casino would have Dane County voters believe that the election is about anything but the issue at hand.

This is not, for instance, a referendum on whether to permit American Indian tribes to raise revenues from gambling facilities. Tribes run profitable casinos across Wisconsin, and they will continue to do so. Leaders of the Ho-Chunk Nation, which owns the DeJope facility, acknowledge that its conversion to a casino would merely be an expansion of their gambling operations in the state.
Read the full story at Wisconsin State Journal
 
Lakes Entertainment, Inc. Announces Results for Year 2003 - 2004-02-12
Lakes Entertainment, Inc. today announced results for the fiscal year ended December 28, 2003. Revenue for the year were $4.3 million. The net loss for the year was $4.0 million and basic and diluted losses were $0.37 per share. This is an improvement over a net loss of $11.5 million, and basic and diluted losses of $1.08 per share in 2002.

Revenue for the year increased to $4.3 million from $1.5 million in 2002. Revenues from 2003 were derived from license fees related to the World Poker Tour Series which airs on the Travel Channel.
WPT, a subsidiary company of Lakes, entered into an agreement with TRV for a second season during the third quarter of 2003. Revenue from the second season along with related production costs will be recognized in 2004. Revenues for 2002 included management fees for the management of Grand Casino Coushatta through January 16, 2002.
Read the full story at Business Wire
 






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