WHAT’S BREWING DOWN UNDER? Aristocrat Leisure Ltd, the second largest slot machine maker in the world, was to make a big announcement concerning its stock trading on Monday, but none was forthcoming.
Apparently Aristocrat requested a trading halt, pending its announcement, according to published reports.
"We request a trading halt on our shares ”¦ pending the release of an announcement of an update on current trading expectations, in order to prevent the possibility of an uninformed market," Aristocrat was quoted as saying.
Shares in Aristocrat were last trading at $1.64.
In recent months, Aristocrat has had a change in U.S. management.
In the meantime, the cutting edge slot manufacturer has improved its presence in Nevada and other U.S. gaming jurisdictions.
A FEMALE FOCUS: Sure, the television cameras were focused on Anika Sorenstam and her challenge of males in the Colonial Golf Tournament in Houston, Texas, last week but to her fans Black Ruby’s match race at Los Alamitos in California was the highlight of their week.
Black Ruby is touted as the greatest racing mule in the history of the sport. She has won 51 of her 58 races and has earned $192,435. Quite a feat for the 11-year-old who has not been beaten this year.
Last Friday, Black Ruby again faced her nemesis, the nine-year-old male, Taz. And, once again, she led him home by one-half length over the 300-yard course.
There’ll be other races for the fabulous female and she probably won’t win them all but that won’t stop her admirers from being at trackside rooting her home. She’s a proven champion.
JUST SWEETEN THE POT: No one really expected Ohio lawmakers to approve racetrack slots but then again it’s not unusual for politicians to pass the buck. In Ohio’s case, the lawmakers approved legislation that would let the state’s voters decide a referendum, insuring their reelection hopes.
But, before the electorate expresses its opinion, a Cleveland Democrat has decided to sweeten the pot by suggesting that racetrack slot revenue be applied to a plan he has titled Ohio Scholars Program.
Under the plan, the state would provide a full scholarship to eligible high school students who enroll in Ohio’s colleges and universities.
Certainly the plan isn’t unique or original but it might be just enough to make the referendum a winner.
TALKING TURF AND SURF: As much as Californians love their Del Mar Race Course, Jerseyites wouldn’t swap their summer playground, Monmouth Park, for any track in America.
But the days of entrepreneurs Phil Iselin and Amory Haskell are long gone and the beautiful Jersey shore racetrack has been operated by the New Jersey Sports and Exposition Authority. It’s become an extension of the Authority’s other facility, the Meadowlands.
With the competition of Connecticut casinos and the racinos in Delaware and West Virginia, the New Jersey tracks have been struggling. Now they’re talking about selling Monmouth Park.
No question, the track would generate some attractive bids from Churchill Downs Inc. and Magna Entertainment Corp. But it’s doubtful that the Iselin-Haskell days will ever be seen again.