Casino Insider

Jan 19, 2010 3:07 AM

 

Rivers Casino in Pittsburgh, Pennsylvania, has been assessed at $199.5 million for property tax purposes. This is the most of any casino in the state.

Despite a study that recommended Delaware add two casinos, state gaming regulators have voted to prohibit any new casinos to be authorized, citing the detrimental impact new casinos would have on existing properties.

November gaming revenues in Nevada rose 4 percent, the first increase experienced in 22 months.

Atlantic City gaming revenues for the year 2009 fell 13.2 percent to $3.9 billion, the lowest amount since 1997.

Lakes Entertainment Inc. (LACO) says it will partner with Abston-McKay Ventures LLC in a casino development on the site of the closed Isle of Capri property in Tunica, Mississippi.

Magna Entertainment Inc. (MECA) reportedly is paying a private firm to collect enough signatures that would block a slot machine casino in Arundel Mills Mall. The company owns Laurel Race Course and wants to locate slot machines at that location.

Ameristar Casinos Inc. (ASCA) has promoted Roxann M. Kinkade to director of external communications for all its gaming properties. Also, the company said it had hired Sean Barnard as the general manager of its casino in Kansas City, Missouri.

Analysts at Goldman Sachs have upgraded the rating of MGM MIRAGE Inc. (MGM) shares to "buy" from "neutral."

Isle of Capri Casinos Inc. (ISLE) says it has approached its creditors with a plan to restructure its debt.

CotaiJet, the ferry service run by Las Vegas Sands Corp. (LVS) to bring customers to Macau from Hong Kong, has been granted a new license and additional routes.

Lumiere Place, the casino operated in St. Louis, Missouri, by Pinnacle Entertainment Inc. (PNK) reported December revenue had increased to $17.5 million.

PokerTek Inc. (PTEK) has received an order for seven poker tables from Oaklawn Park racetrack in Hot Springs, Arkansas.