Industry Insider by Ray Poirier |
Station Casinos Inc. reported it lost $455.4 million during the third fiscal quarter. Of that amount, $370.7 million went to bankruptcy reorganization costs. Without the special charge, the company said its loss would have been $84.7 million.
Desiree Burke has been named vice president and chief accounting officer for Penn National Gaming Inc. (PENN).
Don Barden’s Majestic Star Casino LLC is in default on nearly $80 million of its debt. The company is separate from Barden’s ownership of the Fitzgerald’s Hotel/ Casino in downtown Las Vegas.
International Game Technology (IGT) has named American Vending Sales as its exclusive distributor of IGT products in Illinois.
Phyllis Redstone has terminated the proxy agreement with WMS Industries Inc. (WMS) in which she gave voting proxy rights to CEO Brian Gamache.
Hollywood Slots at Bangor Raceway, Maine, is looking for permission to install "dealer-less" machines that offer blackjack and poker.
World-famous West Virginia resort, The Greenbrier, netted nearly $122,000 in its first month of casino activities. A larger version of the casino is expected to open in April.
Bally Technologies Inc. (BYI) has signed an agreement with Stanley Ho’s Sociedade de Jogos de Macau to provide a broad range of casino management, table management and bonusing products for the company’s 16 casinos.
An affiliate of Deutsche Bank has filed for a license to operate the Cosmopolitan Resort on the Las Vegas Strip. The property is expected to open in 2010.
Scientific Games Corp. (SGMS) has received an instant tickets contract from Pacific Online Systems Corp. in the Philippines.
PokerTeck Inc. (PTEK) has installed its first PokerPro table at a casino in Puerto Vallarta, Mexico.
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