Casino Insider

Jun 27, 2011 7:43 PM

Moody’s Ratings Services has raised its rating of debt held by Las Vegas Sands Corp. (LVS) to positive from stable.

Existing limited lottery operators in West Virginia will pay the state nearly $70 million over the next 10 years, according to a recent review by the Charleston Gazette. Current licenses expire on June 30.

Heartened by the recent action of Michigan Gov. Rick Snyder’s in rejecting a tribal casino agreement, supporters of plans to build a casino on the site of the former Great Lakes Downs horse track say they plan to continue to push for the project.

Pennsylvania Gaming Control Board members say they plan to levy a fine on the Rivers Casino in Pittsburg for having an uncertified slot machine on its gaming floor. The machine came to light when it paid a $25,000 jackpot to a player who should have received just $12.

Colorado gaming regulators have authorized a 5 percent tax cut on gaming revenues following complaints that the state’s casinos were hurting. Soon, two new casinos will open while a third will open after completing a major renovation project.

Taking advantage of a new law that permits "boutique" casinos, the Seminole Indians are planning a $275 million casino that will have a Hard Rock International franchise theme in Atlantic City.

Isle of Capri Casinos Inc. (ISLE) has promoted Arnold Block to the position of chief operating officer. He takes the position previously held by Virginia McDowell who is now the company’s CEO.

Churchill Downs racetrack in Louisville, Kentucky, has returned to racing following a hiatus caused by a devastating tornado that damaged some of the barns. No humans or horses reportedly were hurt.

The parent company, Churchill Downs Inc. (CHDN) announced the appointment of Reginald Fullwood Jr. as senior vice president of CDI and general manager of Harlow’s Casino Resort & Hotel in Greenville, Mississippi.

Recent successes by the Boston Red Sox baseball team have caused Foxwoods Resort in Connecticut to seek out the team’s grounds director to build a grassy knoll display featuring the team’s iconic logo.

The recent flooding problem experienced by Natchez, Mississippi, has cost the city $106,000 in gaming revenues, according to city officials.

South Dakota gaming officials say the Deadwood casinos have seen a drop in gaming revenues for the fifth straight month. For the year, the casinos have reported a decline of 8 percent from last year’s numbers.

Maine Gov. Paul LePage says he will veto legislation that permits table games to be added to the casino floor at Hollywood Slots in Bangor. The property, once just a harness track, is operated by Penn National Gaming Inc. (PENN).