Casino Insider

Nov 24, 2009 2:14 AM

 

Fort Sill Apache Casino in Lawton, Oklahoma, has chosen the monitoring, marketing and casino accounting system offered by Bally Technologies Inc. (BYI).

The Margarita Casino in Biloxi, Mississippi, proposed by Harrah’s Entertainment Inc., remains on hold while management explores a number of opportunities, including the possibility of seeking a partner for the project.

Meanwhile, the Palace Casino Resort on Biloxi’s Back Bay has received approval from the Biloxi Planning Commission for an expansion project that could see the casino build out to 110,000 square-feet.

The Chickasaw Nation has been granted preliminary approval for racing and gaming licenses at its recently-acquired Remington Park in Oklahoma.

Resorts Atlantic City, the first casino on the city’s famed Boardwalk, will hand over its ownership this week to its lenders that include Wells Fargo banking.

Ameristar Casinos Inc. (ASCA) has declared a quarterly cash dividend of $0.105 per share to be paid on Dec. 15 to shareholders of record on Dec. 1.

Also, the company announced it had appointed Pete Savage as senior vice president and general manager of Ameristar Casino Hotel/Casino in East Chicago, Indiana.

The directors of Churchill Downs Inc. (CHDN) have declared an annual dividend of $0.50 per share to be paid on Jan. 25, 2010, to shareholders of record on Dec. 31.

Penn National Gaming Inc. (PENN) has agreed to provide debtor-in-possession financing and buy the bankrupt Fontainebleau, the unfinished hotel/casino on the northern end of the Las Vegas Strip, for $50 million.

Louisiana gaming revenues fell 6.9 percent during the month of October, according to a state police report.

Slot revenue in Connecticut, as reported by the Foxwoods Resort and Mohegan Sun, fell 4 percent during October.