Casino Industry Insider news bites - 01-25-2010

Jan 26, 2010 3:23 AM

 

The Delaware House has approved table games for the three racinos that have slots and take sports wagers. The measure now goes to the Senate.

Scientific Games Corp. (SGMS) has signed a huge contract to supply the German state of Saxony with instant tickets. The company also announced arranging a strategic partnership with Playtech Limited.

Penn National Gaming Inc. (PENN) will report on its fiscal fourth quarter on Thursday, Feb. 4 at 7 p.m. PDT.

Calder Race Course in south Florida, owned by Churchill Downs Inc. (CHDN), has opened its slots parlor.

For the first time ever, gamblers are putting more money into slot machines in Pennsylvania than in Atlantic City. In December, Pennsylvania recorded $2.12 billion while A.C. slots totaled $2.03 billion.

Bally Technologies Inc. (BYI) has acquired Games4You of Scottsdale, Arizona.

A leading legislator in Iowa is predicting the state will approve a $25 million expansion of the state’s gambling industry this year.

The sale of Pimlico and Laurel Race Course in Maryland, owned by Magna Entertainment Corp. (MECA) has been postponed to Feb. 26.

Don Barden’s Majestic Star Casino in East Chicago Indiana has laid off 40 employees as a direct result of a nearby bridge closing. The allegation is being investigated by state gaming officials.

Las Vegas Sands Corp. (LVS) has amended the employment agreement of Kenneth J. Kay, senior vice president and chief financial officer, and has increased his annual salary by $200,000 to $1.1 million.

Louisiana December gaming revenues fell 15.8 percent to $192.4 million, according to Louisiana State Police.

The Mashantucket Pequot Tribal Nation, operators of Foxwoods Resort in Connecticut, says it has reached an agreement with senior lenders to extend its current forbearance until April 30.

Kentucky lawmakers have rejected a proposal that would have given voters the opportunity to decide whether the state’s racetracks should install slot machines.

Dover Downs Gaming & Entertainment Inc. (DDE) will report its quarterly earnings on Thursday, Jan. 28, at 6:30 a.m. PDT.

Question? Comment? E-mail me at: Ray Poirier