Casino Insider

Mar 23, 2010 2:12 AM

Louisiana gaming revenues were 10 percent higher in February from January but still fell some 6 percent below last year’s level. Total revenue from 13 riverboat casinos and four racetrack racinos was $208.7 million.

American Wagering Inc. (BETM) notified the Securities & Exchange Commission that it had engaged a financial advisor to provide advisory services.

A Macau official said the world’s largest gaming venue plans to regulate the building of new casinos in hopes of tempering the overheating of the world’s fastest-growing gambling market.

Former Conrail CEO David LeVan has petitioned Pennsylvania gaming regulators for a license to build a casino on the hallowed Civil War battlefield of Gettysburg.

New Jersey lawmakers are being asked to expand the number of casino licenses in Atlantic City by four with the reduction in mandated hotel rooms from the existing 500 to 200 rooms. Many existing casino operators, currently suffering from the economic slowdown and additional competition, are strongly opposed to the expansion.

The two Connecticut tribal casinos reported drops in slots revenue for the month of February. Foxwoods Resort reported revenue of $51.6 million, an 11 percent decline from 2009 while Mohegan Sun said revenue fell 7 percent to $58 million.

Delaware legislators say they expect to be ready to vote within the next three weeks on a bill that would permit the construction of a limited number of casinos in the state.

Rivers Casino in Pittsburgh, Pennsylvania, has petitioned the state’s Gaming Control Board for permission to add 86 table games to its gaming floor. Regulators have already approved table games at Mohegan Sun Casino at the Pocono Downs racetrack and at Philadelphia Park racetrack in suburban Philadelphia.

MTR Gaming Group Inc. (MNTG) has entered into a new credit agreement with Aladdin Credit Advisors, L.P. that provides $20 million in a draw term loan credit facility.

Universal Studios theme park has opened in Singapore as part of Resort World Sentosa, a gaming complex owned by Malaysia’s Genting.

Arizona lawmakers have taken steps that could derail plans by an American Indian tribe to build a casino in suburban Phoenix.

Harrah’s Entertainment Inc. says it will pay Iowa $7 million annually if the state will vote to ban greyhound racing at casinos. The company owns Horseshoe Council Bluffs which has a dog track that cost the company some $13 million annually to operate.

An Iowa lawmaker said that eliminating greyhound racing will eventually happen but because of time constraints it will not be outlawed in this current legislative session.

A Pennsylvania community college is offering courses in dealing casino card games to prepare students for the introduction of table games this summer at Mount Airy Casino Resort.

Use of Instant Racing machines in Kentucky seemed unlikely this weekend after its primary supporter said that the proposal had lost a lot of its initial support.

The Seneca Indian Nation says it has completed a $9 million expansion at its temporary Buffalo, N.Y., casinos while leaving on hold plans for a permanent facility.