FortuNet Sees Zero Profit in 2Q
FortuNet Inc., a maker of wireless gaming machines for casinos and other gambling establishments, on Friday said it doesn’t expect to earn a profit in the second quarter because of substantially higher operating expenses.
Related Casino News:
- FortuNet Sinks on Guidance Warning
- FortuNet gets OK for mobile gambling
- FortuNet Inc. Releases New Products and Features
- FortuNet wins board approval to be mobile gambling operator
- FortuNet wins state board approval to be mobile gambling operator
- Sky City on track to grow profit by 10%
- Gaming Corp in profit
- H&E Equipment, IncrediMail IPOs show gains
- MGM Mirage profit jumps 17%
- Profit warning from Party Gaming sends shares into decline
- Unitab posts $80.9m profit
- Business Digest
Gambling casinos history:
- Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
- One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
- Casino is defined by the Webster's New World Dictionary as the following: a small country house, or a building or room used for meetings, or public amusements, gaming, or a game at cards.
- 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
2005: Las Vegas celebrates one illustrious century on May 15.
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