Casino Insider

Sep 10, 2012 6:19 PM

Shuffle Master Inc. (SHFL) reported earnings of $10.4 million or $0.18 per share. This was an increase of 14 percent over last year. Total revenue was a record $63.4 million, a 9 percent increase.

For the second straight month, gaming revenue at the two casinos in Ohio has fallen. In August, the two casinos had combined revenues of $40.2 million. That was 6.4 percent below July’s revenue figures.

Hollywood Casino in Lawrenceburg, Indiana, is cutting 160 jobs because of competition coming from Ohio’s two new casinos. 

Fitch Ratings Service has revised its rating of Caesars Entertainment Corp. (CZR) debt to negative.

International Game Technology (IGT) is displaying a number of its new products at the World Lottery Summit in Montreal, Canada. The Summit runs through Wednesday, Sept. 12.

In Maryland, the state’s three casinos brought in $44.6 million in August, down from the $48 million reported in July.

Pennsylvania reported that the state’s gambling industry had gross revenue of $210.6 million in August, an increase over last year’s $199.2 million. 

Las Vegas Sands Corp. (LVS) faces court sanctions for failing to provide certain Macau evidence in the lawsuit filed by former Sands China executive Steve Jacobs.

Massachusetts gaming regulators have asked Springfield officials to delay considering casino bidders because of concern regarding gaming consultants.

Aaron Gomes, who replaced his deceased father Dennis Gomes in running the Resorts Casino Hotel in Atlantic City, has accepted a position with an Australian casino company.

Kazuo Okada, an original partner in the formation of Wynn Resorts Ltd. (WYNN), has nominated two people for positions on the board of directors. They are Yale law professor Jonathan Macey and former broadcasting executive Fredric G. Reynolds.

A Texas businessman’s rejected bid to win exclusive rights to operate casinos in Arkansas is being heard by the Arkansas Supreme Court. 

Ron Geary, owner of Ellis Park racetrack in Kentucky, is seeking to permit Saratoga Harness Racing Inc. to acquire a 30 percent interest in his racing operation. The plan is being reviewed by the Kentucky Racing Commission.

A dispute over the use of the term “The Grange,” in Oregon has been resolved between a group that wants to build a casino outside Portland and a fraternal organization that is named the “National Grange.”

The management of the Hard Rock Casino in Biloxi, Mississippi, plans to build a 12-story, 154-room hotel tower.

The Coquille Indian Tribe of Medford, Oregon, has purchased property that it hopes will be taken into trust by the federal government so that the property can be converted into a casino.