Casino Insider

Oct 27, 2009 1:17 AM

 

Kirk Kerkorian, a 37 percent owner of the outstanding stock in MGM MIRAGE Inc. (MGM) through his investment arm, Tracinda Corp, says he is considering reducing his involvement or seeking a partner for his shares.

Landry’s Restaurants Inc. (LNY) has bought Cadillac Margarita Trademark Alcohol Brand for an undisclosed price.

With only a few days remaining in the campaign, a weekend poll indicated that 57 percent of Ohio voters favor the referendum that would permit the licensing of four casinos in that state.

Mississippi gaming regulators said the state’s casinos saw a 2.8 percent decline in revenues during the month of September when compared to the previous year. The casinos reportedly took in $186.6 million.

Florida’s attempt to resolve the gaming compact with the Seminole Indians has reached an impasse, according to a state official.

Kentucky voters will be given the opportunity in 2010 to decide on expanding gambling through either casinos or racinos.

Pinnacle Entertainment Inc. (PNK) has proposed opening a planned riverboat casino in Baton Rouge in late 2011.

An appeals court has rejected federal recognition for the Schaghticoke Tribal Nation in Connecticut.

Management of Churchill Downs Inc. (CHDN) and a horsemen’s group have agreed to a three-year contract that resolves a lawsuit filed last year.

Lack of patron support was cited as the reason for the closing of Blue Ribbon Downs in Oklahoma.

Greyhound racing in Rhode Island will end if a bankruptcy settlement agreement is approved by a bankruptcy judge who will hear the case of Twin River gambling hall on Nov. 17.