The Associated Press

Biovail Fined; Melnyk Charges Remain

Biovail Fined; Melnyk Charges Remain

Canadian drug maker Biovail Corp., which was formerly headed by prominent Thoroughbred owner-breeder Eugene Melnyk, agreed March 24 to pay a $10-million fine to resolve federal regulators' charges of civil accounting fraud and deceiving investors and analysts.

Kentucky Tracks Discuss Casinos

Kentucky Tracks Discuss Casinos

Representatives from Kentucky's Thoroughbred racetracks pitched legalized casino gambling to a state legislative panel Jan. 9, and suggested they haven't decided whether gambling halls would be located at tracks.

Parent Company of TVG Sold

Macrovision Corp., which develops technology to prevent unauthorized copying and viewing of video, music and other content, said Dec. 7 it will buy the parent company of TVG, Gemstar-TV Guide International Inc,. for $2.8 billion in cash and stock.

Maryland House Wrangling on Slots

Maryland House Wrangling on Slots

The Maryland House of Delegates put off voting on whether the state should have a referendum on slot-machine gambling after a day of changes in the proposal Nov. 15. The issue is on the agenda when the House reconvenes Nov. 16.

Harrah's Reports Higher Earnings

Harrah's Entertainment Inc., which is being bought by private equity firms in a $17.1 billion deal, said May 8 its first-quarter earnings edged up 2%, as higher Las Vegas and Atlantic City revenue offset increased operating costs.

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