Casino Insider

Aug 6, 2012 7:07 PM

Lakes Entertainment Inc. (LACO) announced Friday it had completed the purchase of the Rocky Gap Lodge & Golf Resort near Cumberland, Md., through its subsidiary, Evitts Resort LLC, for $6.8 million.

Wynn Resorts Macau SA has arranged to borrow $2.3 billion to provide funding for the Wynn Cotai Casino Resort currently in the planning stages.

The Nevada Supreme Court has ruled that a petition to place on the November ballot a referendum that would authorize a special taxing district to build a sports arena behind the Harrah’s Hotel/Casino on the Las Vegas Strip was misleading and deceptive so it will not be permitted.

A spokesman for the Three Affiliated Tribes of North Dakota says negotiations are ongoing to permit the group to offer riverboat gambling on a Missouri River reservoir in North Dakota.

The Meadows Racetrack and Casino in Houston, Pa., has been fined $45,000 by the Pennsylvania Gaming Control Board for permitting underage gambling.

A federal appeals court has partially reinstated a lawsuit against the Massachusetts casino law that specifically calls for one of three casino licenses to be held for a Native American tribe.

The Seneca Indian Nation has resumed construction of a $130 million one-story permanent casino in Buffalo, N.Y.

The U.S. Internal Revenue Service is investigating the Miccosukee Tribe in Florida to see if the tribe owes millions in back taxes.

Tribal casinos in Arizona paid the state $25.1 million during the second fiscal quarter that ended on June 30. That was 2.4 percent more than the tribes paid a year earlier.

Brian Bork, who most recently was chief marketing officer at Hard Rock Hotel and Casino in Las Vegas, has taken a similar position with the Mashantucket Pequot Tribe at Foxwoods Resort Casino in Connecticut.

The West Virginia Lottery says its revenues in June were $112.8 million, a 3.7 percent increase over projections.

The owners of the Foxwoods Resort Casino in Connecticut say they have an agreement that will restructure the company’s $2.2 billion of debt.

Legends Gaming has filed for Chapter 11 bankruptcy reorganization in Shreveport, La., and announced plans to sell its DiamondJacks casino to an Oklahoma tribe.

A public transit agency in Columbus, Ohio, says it will add buses to its routes in October to better serve the Hollywood Casino Columbus that has an October opening scheduled.

Atlantis Casino Resort Spa in Reno, Nev., has been awarded the AAA Four Diamond rating from the American Automobile Association.