Gateway Casinos Income Fund reports improved Q2 earnings as slots revenue up
VANCOUVER (CP) - Gateway Casinos Income Fund (TSX:GCI.UN) is looking to upgrade and expand its casinos in the B.C. Okanagan to take advantage of the rapidly growing region, the fund’s head said Friday.
Related Casino News:
- Gateway Casinos Income Fund Reports 2005 Results; Continues Strong Growth in Revenue and Distributable Cash
- Gateway Casinos Income Fund Announces Closing of Acquisition of Cascades and Extension of Convertible Debentures
- Gateway Casinos Income Fund Reports Second Quarter Financial Results
- Gateway Casinos Income Fund to Acquire the Cascades Langley Casino & Hotel & Files Final Prospectus for $35M Bought
- Gateway Casinos Income Fund Reports First Quarter Financial Results
- Gateway Casinos Income Fund Reports 2006 Financial Results
- Gateway Casinos Income Fund Reports First Quarter Fiscal 2007 Financial Results; Announces April Distribution
- Gateway Casinos Income Fund Announces Webcast of Annual and Special Meeting
- Gateway Casinos Income Fund Announces May Distribution
- Gateway Casinos Income Fund Announces April Distribution; Shareholders Approve Acquisition of Cascades
- Clairvest Group Inc.: Unitholders Of Gateway Casinos Income Fund Approve $106 Million Acquisition Of Cascades Casino
- Gateway Casinos Income Fund to Hold Conference Call to Discuss Year End 2006 Results
Gambling casinos info:
- The second oldest casino hotel resort on the Las Vegas Strip was the Last Frontier and it opened in October of 1942. It had 105 guestrooms and the property was made to look like an old western town. The first casino hotel resort opened just 18 months earlier and was called El Rancho.
- It was during the 1930's that slot machines began to become very popular across America, and in the late 40's Bugsy Siegel added machines to his Flamingo Hilton hotel in Las Vegas.
- 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel. - Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
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