California Cuts New Gaming Deal
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Casino fever continues to grip California, with Gov. Arnold Schwarzenegger announcing agreements that will allow five Native American tribes to add thousands of slot machines.
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An investor group that worked for more than a year to buy the state&#39;s third largest electric utility threw in the towel Thursday and pulled its approximately $3 billion offer off the table.
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Online gambling firms faced their biggest-ever crisis on Monday after U.S. Congress passed legislation to end Internet gaming there, threatening jobs and wiping 3.5 billion pounds ($6.5 billion) off company values.
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The Australians have adopted new policies this year: shutting down the on-site gambling window and shutting down on-site access to real-time Internet gambling Web sites.
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Online gambling firm PartyGaming Plc  reported first-half earnings in line with previously lowered  expectations and said it was still trying to cut a deal with  U.S. authorities following a crackdown on gambling there.
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Racing executive Joe De Francis says Monday he would relinquish proceeds from slot machines at Laurel Park if it would help ease alternative-gaming bills through the state legislature.
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SACRAMENTO  Five new Indian gambling agreements expected to be released Wednesday each promise the state up to 25 percent of gaming revenues, although little of the money will be seen for several years.
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The Tracinda Corporation said it was ending negotiations on the possible purchase of MGM Mirageâs Bellagio hotel-casino and its CityCenter project.
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A proposed bailout of Donald J. Trump&#39;s casino company has been shelved, and Trump now says he may take the company private. The company&#39;s shares fell 10 percent.
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The controversial game publisher pulls the plug on a game, for now.
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The European Commission dealt a blow  to European online gaming companies on Monday when it accepted  a U.S. offer of openings in other sectors as compensation for  closing U.S. gambling market to foreign firms.
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Online gaming group 888 Plc said on Monday it would stop doing business with U.S. customers after legislation was passed there aimed at preventing gambling over the Internet.
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The European Commission dealt a blow to European online gaming companies on Monday when Brussels accepted a U.S. offer of openings in other sectors as compensation for closing its gambling market to foreign firms.
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Caesars Entertainment Inc.CZR.N  is expected on Thursday to unveil a deal with a California  Indian tribe to develop and manage a $250 million casino  complex near Fresno in the central part of the state.
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Online gambling firms faced their   biggest-ever crisis on Monday after U.S. Congress passed   legislation to end Internet gaming there, threatening jobs and   wiping 3.5 billion pounds ($6.5 billion) off company values.
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Aug. 19 (Bloomberg) -- California Governor Arnold Schwarzenegger reached new agreements with five Indian tribes, expanding the gambling industry in the most-populous US state and paving the way for California&#39;s first urban casino.
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Company also will slash value of its assets by $11.4 billion. Moves are prompted by plan to retreat from traditional consumer telephone business.