Casino Insider

Dec 6, 2010 3:38 PM

Harold and David Snyder of International Sound Corporation, have been chosen to receive the Stan Bergstein Messenger Award, the highest honor presented by Harness Tracks of America.

The state-owned N.Y. City Off-Track Betting Corp. has closed its city-wide horse betting shops. The move eliminated 800 jobs.

 

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Illinois Gov. Pat Quinn is skeptical of a plan to expand gambling by licensing new casinos and installing slot machines in the state’s racetracks.

Macau officials denied two land concessions on which Las Vegas Sands Corp. (LVS) had planned to build casino resorts on the Cotai Strip. Insiders believe that complaints by casino mogul Stanley Ho triggered the move.

A Kentucky judge will decide on Dec. 14 whether Instant Racing gambling machines are legal in that state.

The Eastern Shawnee Tribe of Oklahoma has begun construction of an $85 million hotel/casino in Seneca, Missouri.

The reconstructed Herbst Gaming company is expected to exit bankruptcy early next month assuming the plan receives the approval of the Nevada Gaming Commission on Dec. 16. The new owners said the plan has been approved by Iowa and Missouri gaming regulators.

Gaming Partners International Corp. (GPIC) says its directors have authorized the payment of a special cash dividend of $0.1825 per share to be paid on Dec. 21 to shareholders of record on Dec. 13.

Gaming machine design veteran Randy Hedrick has joined Bally Technologies Inc. (BYI) as vice president of development.

Ameristar Casinos Inc. (ASCA) has named Andrew Hamblen as general manager of Ameristar Casino Resort Spa Black Hawk.

Morgans Hotel Group Co. (MHGC) is seeking a successor to CEO Fred Kleisner whose resignation becomes effective on Dec. 31.

New CEO Bob Griffin has announced a layoff of some 250 employees of Trump Entertainment Resorts Inc. in Atlantic City. Other layoffs may follow, Griffin said.