Casino Insider

Jul 16, 2012 7:50 PM

Now that the Eastern Band of Cherokee Indians has approval to expand their gaming floor, the operator, Caesars Entertainment Inc., has scheduled two job fairs to hire 500 new employees.

Operators of Bangor Raceway, the racing facility that is attached to the casino, owned by Penn National Gaming Inc. (PENN), say the historic Maine harness track is off to a strong start with business nearly doubling last year’s season.

Local 54 of the Unite-HERE has agreed not to block the entrance to the Tropicana Casino and Resort in Atlantic City for at least the next six months.

The Iowa Racing and Gaming Commission is now accepting applications for a land-based casino in Woodbury County, Iowa.

Improvements are expensive, say the operators of the Twin River slot parlor. They have spent some $500,000 in a campaign to convince voters to allow it to become a full-scale casino.

Illinois-based Z Capital Partners has become the largest shareholder in Las Vegas-based Affinity Gaming LLC, operators of the Primm casinos, as well as Terrible’s Casino in Las Vegas.

MGM Resorts International has asked Massachusetts gaming regulators to speed up the bidding by eliminating the two-step process now used to qualify potential bidders.

St. Jo Frontier Casino in St. Joseph, Missouri, reported a decline of 21 percent in revenues during the past fiscal year due primarily to the impact of flooding in northwest Missouri.

They are located in two separate states but their receipts for the first month of operation were nearly identical. The Horseshoe Casino in Cleveland, Ohio, reported $159.6 million wagered on2,083 slot machines while the Presque Isle Downs & Casino in Erie, Pennsylvania, reported gaming revenue of $159.5 million on 2,066 machines.

The Poarch Band of Creek Indians announced they will spend $246 million on an expansion plan for their deluxe resort in Wetumpka, Alabama.

Members of the New Jersey Assembly plan to examine the prospect of casino gaming at the Meadowlands racetrack in northern New Jersey. For many years, such a gambling expansion has been opposed by the Atlantic City casinos.

Penn National Gaming Inc. (PENN) has named Anthony Carlucci as general manager of the recently-purchased Harrah’s St. Louis Casino.

International Game Technology (IGT) will host a conference call regarding its third quarter earnings release on Tuesday, July 24, at 2 p.m. PDT.

Pinnacle Entertainment Inc. (PNK) will release its second quarter financial experience on Wednesday, July 25, at 7 a.m. PDT.

The West Virginia Lottery ended its fiscal year with an $81 million surplus. Lottery sales toped $1.45 billion for the year that ended on June 30.

The Mashantucket Pequot Tribe of Connecticut has appointed William Dittman, a former New London police captain, as its new interim police chief.

Atlantic City’s 12 casinos posted a revenue decline of less than 1 percent in June, winning $274.7 million. Finishing eight in the group was the newly-opened $2.4 billion Revel Hotel/Casino that reported revenues of $14.9 million.

Nevada’s casinos posted revenue of $885 million in May, a 10 percent decline from last year’s $984 million. On the Las Vegas Strip, revenues fell 18 percent to $475 million.

MGM Grand Macau is looking to refinance a five-year syndicated loan of $1.55 billion, according to Hong Kong financial sources.

The opening of Scioto Downs harness track in Columbus, Ohio, is being blamed for a 6 percent revenue dip in June at the Hollywood Casino in Lawrenceburg, Indiana.

Scientific Games Corp. (SGMS) has completed a contract to become the primary supplier of Instant Tickets games to the New Hampshire Lottery.