Casino Insider

Apr 16, 2012 8:33 PM

A recent university survey indicates that Maine residents spend nearly $63 million a year at Hollywood Casino in Bangor but still spend nearly $35 million while gambling in Connecticut.

Millennium Gaming’s Bill Paulos announced that a new parking garage, part of a $25 million expansion project, has opened at The Meadows Racetrack & Casino in Washington, Pennsylvania.

Reporting for the month of February, Nevada casinos recorded revenues of $932.2 million, an increase of 5.7 percent over the previous year. The Strip casinos had revenue of $530.7 million, an increase of 3.3 percent over last year.

Atlantic City casinos continued their downward spiral during the month of March. Gaming regulators said the 11 casinos, plus three days from the new Revel, produced $266.3 million in gaming revenue, down from last year’s $280.5 million.

During the first full month of operation, the Hollywood Casino at Kansas Speedway recorded $10.97 million in gaming revenue.

March revenues for the six casinos in the St. Louis, Missouri, area, saw a gain of 3.31 percent to $103.1 million, Last year in March the revenue was $99.8 million.

Embattled Wynn Resorts Ltd. (WYNN) investor Kazuo Okada has announced a plan to spend $40 million to develop fine-dining restaurants in Hong Kong, Tokyo and Shanghai.

Instant Racing machines at Kentucky Downs generated $67.5 million in revenue during the period from September, 2011, through March, 2012, according to Kentucky officials.

Moody’s Investor Services says it believes that Las Vegas will have a record number of visitors during 2012. For the month of February, according to the Las Vegas Convention and Visitors Authority, the total visitation was 3 million, an increase of 6 percent over last year.

Maryland lawmakers have adjourned without approving a bill that would have expanded gambling in that state. The bill would have allowed table games at five casinos sites currently limited to slot machines.

A proposal to license four casinos in Arkansas has been rejected by the state’s attorney general who cited "ambiguities in the text" as the reason for its rejection.

International Game Technology (IGT) says it will hold a conference call regarding its second quarter earnings on Tuesday, April 24, at 4 p.m. PDT. The company recently participated in the Andean Gaming Trade Show in Bogota, Colombia.

WMS Industries Inc. (WMS) will conduct its third quarter financial review on Monday, April 30.

Penn National Gaming Inc. (PENN) says it is taking applications for 600 dealer positions to be available at the Hollywood Casino in Columbus, Ohio.

The Karuk Tribe in northern California has received federal approval to build a casino off Interstate 5 in Yreka, California.

Pennsylvania Gov. Tom Corbett says nearly $783 million in gambling proceeds are now available for tax relief this year.

Indiana Downs of Shelbyville, Indiana, currently under bankruptcy protection, says it plans to close an off-track betting parlor in Evansville, Indiana.