2007 April 30 Gambling News, Events and Happenings - Page 2

LAS VEGAS, Nevada — With its deep-pocket casinos, Las Vegas is redefining the nightclub scene with increasingly posh and eclectic offerings.

THE smoking ban has led to a huge drop in profits for the UK’s largest independent bingo operator, the Scottish-based Carlton Bingo.

Vancouver Mayor Royce Pollard spoke out Monday morning against the $510 million Cowlitz casino complex proposed for a 152-acre parcel at the La Center Junction.

Called video lottery terminals and based on the game of bingo, the machines could raise an estimated $1 billion for the state, and would be used to reduce property taxes by lowering the amount local governments have to pay toward school costs.

Penn National Gaming Inc., which operates casinos and horse racetracks, on Monday said it has approved a $200 million share repurchase program to provide stock-based incentives to executives.

The son-in-law of former Philadelphia Mayor Frank Rizzo and his brother have been sentenced for running a high-stakes illegal gambling operation.

Like therapy courts devoted to drugs and spousal abuse, a gambling court offers counseling in lieu of jail time.

Isle of Capri Casinos, Inc. announced today that the Company has reached an agreement with government officials to continue the operation of its casino at Our Lucaya in Freeport. The Company had previously announced that it would be terminating its lease as of June 1, 2007.

Sports betting has been an extremely popular pastime for Americans for the past two centuries. Bettors love the thrill of a sports wager, seeking to correctly predict the outcome of horse races, boxing matches, golf tournaments and just about every …