Poker Online and Video Poker -Online Poker News

House panel votes to retain video gambling - 2004-02-12
A plan to repeal video gambling was rejected Wednesday by a South Dakota House committee.

The State Affairs Committee voted 9-4 to kill the bill after opponents noted that voters statewide have three times decided not to get rid of the video lottery.

HB1170 would have repealed the video lottery and increased the state sales tax by under a penny on the dollar to replace the lost revenue. An identical bill was rejected last week by a Senate committee.

Video gambling brings in more than $100 million each year, and boosting the 4 percent state sales tax to 4.85 percent would have covered the loss of gambling revenue, said Rep. Stan Adelstein, R-Rapid City.
Read the full story at Aberdeen American News

Nevada's Gambling Casinos Posted Profits Of $ 845.3 Mln - 2004-02-12
Nevada's gambling casinos reported profits of $845.3 million in the last fiscal year ending June 30, rebounding from a $33.5 million loss the previous year.

The state Gaming Control Board reported that total revenue -- gaming, rooms, food, beverage and others -- reached $17.9 billion for the fiscal year, which was $676.3 million higher than the prior year.

The rebound from Sept. 11 played a primary role in the increase, said Brian Gordon, a principal with Applied Analysis.
Read the full story at PokerMag.com