Casino Insider

Jun 13, 2011 8:15 PM

Bob Mulcahy, the former president of the New Jersey Sports and Exposition Authority, and more recently the athletic director of Rutgers University, has been appointed to the New Jersey Casino Reinvestment Development Authority.

Atlantic City’s 11 casinos reported winning $290.6 million in May, a 9.1 percent decline from last year.

Joe Greff, chief gaming analyst at JP Morgan, has raised his rating of Boyd Gaming Corp. (BYD) shares from "underweight" to "neutral."

David Norton, credited with developing Caesars Entertainment’s loyalty rewards program, has left the company after nearly 13 years.

Under a new law to take effect on July 1, Nevada will confiscate all the cash generated by slot machine vouchers that go uncollected. Previously, that cash that gamblers forget to collect, was kept by the casinos.

The two casinos in Maryland reported winnings of $13.2 million in May, a decline of about 2 percent from the previous month.

International Game Technology (IGT) was awarded 56.7 percent of the video lottery terminal (VLT) replacement for the Quebec Lottery, a total of 7,200 machines.

Bally Technology Inc. (BYI) has received an order to provide 800 games and systems from Lottomatica for Italy’s new video-lottery industry.

Maine Gov. Paul LePage is trying to discourage lawmakers from passing gambling bills by insisting that the expansion of gambling should be decided by the voters.

A casino tax cut approved by the Colorado Limited Gaming Control Commission could cause the state Community College System and History Colorado an estimated $3 million per year, according to the Denver Post.

Both Moody’s Investor Service and Standard & Poor’s Rating Service have raised their ratings of the debt held by Penn National Gaming Inc. (PENN).

Melco Crown Entertainment Ltd. (MPEL) says it has allocated its $1.2 billion loan to 13 international financial institutions.

When Singapore approved the development of two casinos, it was for the sole purpose of increasing tourism. In order to insure that the casinos cater to tourists, officials have capped the percentage of local customers to the two casinos at 30 percent.

Demolition of the historic Columbia Building in Cleveland, Ohio, has been approved by the Landmarks Commission on a vote of 4-3. The property will become a valet parking lot for a casino.

Yonkers Raceway in New York is seeking a city tax deal for a $40 million expansion at the racino. Proponents say the expansion will mean an additional 100 full-time jobs.

An online gambling bill – directing the Nevada Gaming Commission to adopt regulations to implement Internet gambling should the federal government pass such legislation – has been signed by Gov. Brian Sandoval.

The WinnaVegas Casino & Resort in Sloan, Iowa, has been closed because of flooding of the Missouri River.

A judge in Las Vegas last week refused to dismiss a breach of contract suit filed by Steven Jacobs against a subsidiary of Las Vegas Sands Corp. (LVS).

TCS John Huxley Africa Ltd. has agreed to become the official distributor of PokerTek Inc. (PTEK) products in Africa.