Casino Insider

Aug 23, 2010 4:40 PM

New Jersey gaming regulators announced that Atlantic City’s 11 casinos saw their profits decline by 22.6 percent during the first quarter of 2010. The reported profits were $149 million compared to $192.5 million a year earlier.

The Sumner County Commission has unanimously endorsed the $255 million casino proposal of Global Gaming LLC for a Kansas casino license.

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Slot machine business improved in July at Connecticut’s two tribal casinos. Foxwoods Resort Casino said revenue was $64.1 million, up one percent from 2009 while Mohegan Sun reported revenue of $70.3 million, up from $69.1 million last year.

Casino Celebration LLC is the only casino developer to submit a bid for the St. Louis, Missouri, casino license made available by the closing of the President Casino.

Latest figures out of Macau have Stanley Ho’s 18 casinos losing market share. His SJM Holdings market share fell to 29 percent from the previous 32 percent.

Penn National Gaming Inc. (PENN) has named Robert Sheldon as the general manager of Hollywood Casino in Aurora, Illinois.

Melco Crown Entertainment Ltd. (MPEL) announced that its chief financial officer, Simon Dewhurst, has resigned. No reason for the resignation was given.