Casino Insider

May 9, 2011 8:07 PM

Jerry Herbst and his wife, Maryanna, received approval from the Nevada Gaming Control Board last week for their company, JETT Gaming, which they have established as a new slots route operator.

Indiana casino revenues fell by 13 percent in April. This caused a shortfall of $87 million in state tax payments. The six percent decline was believed by state officials to be caused by one-time factors.

Construction of a 108-room Hampton Inn & Suites hotel will begin next week adjacent to the Boot Hill Casino & Resort in Dodge City, Kansas. The property is operated for the state by Butler National Corp. (BUKS.OB).

The Mohegan Tribe, operators of the Mohegan Sun Resort in Connecticut, is joining with a private developer to build a gambling and racing resort on the site of the Concord Hotel in New York’s Catskill Mountain.

The Nevada Gaming Control Board has approved a license for Intrepid Gaming to reopen Casino Montelago at Lake Las Vegas on May 26. The license will be considered by the Nevada Gaming Commission later this month.

Tony Rodio has been chosen by owner Carl Icahn to replace Mark Giannantonio as the head of the Tropicana Casino and Resort in Atlantic City.

Scientific Games Corp. (SGMS) has been awarded the Instant Ticket contract by the Missouri State Lottery. The three-year contract begins on July 1.

A record crowd of 164,858 fans showed up at Churchill Downs on Saturday for the 137th running of the Kentucky Derby.

Bally Technologies Inc. (BYI) says 9,942,039 shares have been offered in its modified Dutch auction at the specified price of $40. This represents approximately 18.5% of the company’s outstanding shares. Acceptance will cost the company nearly $398 million.

Las Vegas Sands Corp. (LVS) has declared a quarterly dividend of $2.50 on its preferred stock. Payment will be made Monday, May 16, to holders of record on May 5.

Owners of Spectrum Gaming say they will avoid conflicts of interest in advising Gov. John Kasich on matters pertaining to gambling within the State of Ohio.

A Saco, Maine, Democrat is proposing that the state authorize three casinos that would be licensed by competitive bidding.

Atty. Katie Lever is leaving employment with Global Cash Access to become executive vice president and general counsel for Shuffle Master Inc. (SHFL). She is a former law partner of Atty. Frank Schreck.

Gaming revenues at Rhode Island’s two slot parlors – Twin River and Newport Grand – rose 1.4 percent in 2010.

Arizona’s tribal casinos have seen their revenues grow for the third straight quarter. State regulators said payments to the state for the quarter grew by 6 percent.

A proposal to permit Minnesota horse tracks to convert to casino-style gambling is being studied by state lawmakers.

Cordish Cos. of Baltimore, Maryland, has postponed until June, 2012, the opening of its casino operations at Arundel Mills mall. The company will begin with 2,750 machines and grow to 4,750 by October, 2012.

Meanwhile, Maryland’s two slots facilities currently operating have generated about $13.6 million in gross revenue during the month of April. Hollywood Casino in Perryville generated about $10 million while The Casino at Ocean Downs took in about $3.5 million.

ESPN says it plans to expand its coverage of the World Series of Poker by adding 34 hours of semi-live television coverage of the series no-limit Texas Hold’em main event.

The Warm Springs tribes of Oregon have broken ground on a new casino at a site along U.S. Highway 26 in central Oregon.