Casino Insider

Mar 11, 2010 7:10 AM

THE INSIDER: Las Vegas Sands says it is ready to sell the apartments in its Four Seasons Hotel in Macau. Local law, however, requires that they be sold as co-ops, not as condominiums as was originally planned.

Analysts at Goldman Sachs have lowered their ratings on all gaming equipment manufacturers, suggesting the soft economy is affecting the purchase of replacement machines by casino operators.

Macau casino mogul Stanley Ho has been released from a Hong Kong hospital where he has been since surgery performed last August. Reason for the surgery was never given.

The Mohegan Council of Elders has named Lynn Malerba as the "chief of the tribe," making her the first woman to hold the post in more than 300 years.

Scientific Games Corporation (SGMS) has appointed former Aristocrat Gaming executive Ian Timmis as CEO of its wholly-owned subsidiaries The Global Draw Ltd. and Games Media.

Isle of Capri Casinos Inc. (ISLE) is suing Florida Gaming Corp., the owner of two jai-alai frontons in Florida, for defaulting on a $3 million loan.

Penn National Gaming Inc. (PENN) reportedly is closing a deal to acquire Beulah Park in Ohio from owner Charles Ruma.

International Game Technology (IGT) has declared a $0.06 per share dividend to be paid on April 9 to shareholders of record on March 16. Inc. (UBET) shareholders will meet April 6 to vote on the company being sold to Churchill Downs Inc. (CHDN).

Shuffle Master Inc. (SHFL) will hold an earnings conference call on Thursday, March 11, beginning at 2 p.m. PDT.

Nevada Gold & Casinos Inc. (UWN) will report its third quarter results on Wednesday, March 17, at 2 p.m. PDT.

Pinnacle Entertainment Inc. (PNK) says it has opened its $357 million River City riverboat casino complex in the St. Louis metropolitan area.

With two new multi-billion dollar casino complexes to open in 2010, officials in Singapore say they expect tourism to increase by 30 percent this year.

A bankruptcy judge has extended to April 30 the period during which Magna Entertainment Corp. (MECA) can file a reorganization plan.

Carl Icahn and associates have been approved by New Jersey gaming regulators as the owner/operator of the Tropicana Casino Resort in Atlantic City.

The Mount Airy casino in Pennsylvania has been fined $100,000 for repeated violations of underage gambling regulations.

The Navajo Nation plans to break ground this fall on a $180 million resort casino near Twin Arrows, east of Flagstaff, Arizona.