Casino Industry Insider news bites - 02-01-2010

Feb 2, 2010 2:36 AM

Industry Insider by Ray Poirier |

Crediting two casinos that are under construction, Singapore officials said the unemployment rate for the month of December fell sharply to 2.1 percent, down from 3.4 percent in September.

Delaware has approved adding table games at the state’s three racinos that have slot machines and sports betting.

Massachusetts legislative leaders are promising to push gambling while steering clear of tax increases.

Herbst Gaming is expected to emerge from bankruptcy this week with bondholders taking over the company that is expected to have assets worth $915 million.

International Game Technology (IGT) announced it is eliminating 25 jobs by closing its cabinet shop in Reno, Nevada. Plans call for the company to contract the work to other companies.

Six months after closing all casinos in Russia, the government announced the opening of the Oracle Casino in Azov City, a remote area in southern Russia.

Scientific Games Corp. (SGMS) says it has renewed its contract with Gala Coral, the U.K. gaming company. Also the company said it was selling its racing unit to Sportech, another British gaming company.

The Justice Department has notified Churchill Downs Inc. (CHDN) that it wants more information regarding the acquisition of Youbet.com Inc.(UBET).

Full House Resorts Inc. (FLL) has advised that it will take a $728,000 – its total investment in a casino proposed by the Northern Cheyenne Nation – non-cash impairment charge in its quarterly report.

Charles Scharer has resigned from the board of Monarch Casino & Resort Inc. (MCRI).

As previously noted, Missouri gambling regulators have voted to close the President Casino in St. Louis, a property owned by Pinnacle Entertainment Inc. (PNK).

Pennsylvania officials have fined Rivers Casino in Pittsburgh $16,000 for permitting two teenagers to play slot machines.

Cynthia Mun has joined the Tropicana Hotel/Casino in Las Vegas as the marketing vice president.

UTGR Inc., owner of Twin River slots parlor in Lincoln, R.I., announced it had reached an agreement with its creditor on a payout schedule.

BingoWorld Conference and Expo will move this year from Nevada to the Southern Gaming Summit in Biloxi, Miss.

A union contract covering some 2,500 dealers at Foxwoods Resort Casino in Connecticut has been reached between the management and the United Auto Workers.

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