Casino Insider

Sep 17, 2012 6:20 PM

Officials of Ameristar Casinos Inc. (ASCA) say the construction of a $500 million casino in Lake Charles, Louisiana, is moving ahead on schedule and should open in 2014.

Pinnacle Entertainment Inc. (PNK) says it plans to invest up to $290 million in the conversion of River Downs racetrack in Anderson Township, Ohio.

The Kansas Racing and Gaming Commission reported revenue that the Hollywood Casino at Kansas Speedway saw a slight decline in August, reporting $9.62 million, down 2.9 percent from July.

MGM Resorts International (MGM) has announced a private placement of $1 billion in senior notes due in 2020 bearing interest of 6.75 percent.

Judge Elizabeth Gonzales has fined Las Vegas Sands Corp. (LVS) $25,000 for failing to disclose important information in a lawsuit filed by a fired executive against the company.

While the Arkansas Supreme Court considers her lawsuit, the secretary of state has confirmed that professional poker player Nancy Todd had submitted 95,687 signatures supporting a ballot question that would permit her to open four casinos. Only 78,133 signatures were needed to qualify the amendment.

New Jersey gaming regulators have approved the application of the Mohegan Tribe to manage the Resorts Casino Hotel in Atlantic City.

Nebraska State Senator Brenda Council has pleaded guilty to misusing more than $60,000 in campaign donations at casinos and filing false reports to conceal it.

The City of Niagara Falls, N.Y., claims the Seneca Nation of Indians owes $60 million in unpaid revenue payments. If they fail to pay up, says the mayor, Paul Dyster, he will withhold fire and emergency services to the casino.

During August, gaming revenues for Atlantic City were up 12 percent to $314 million over last year when the community lost three days of gambling because of a hurricane.

John A. Moran has notified Wynn Resorts Ltd. (WYNN) he will not seek re-election to the board of directors at the annual meeting on Nov. 2.

The Ohio Casino Commission has granted an operating license to Penn National Gaming Inc. (PENN) for the Hollywood Casino Columbus, set to open on Oct. 8.

The Arizona Department of Gaming reports confiscating 60 illegal gaming machines in raids on 40 locations in the Phoenix metropolitan area.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at Ray­[email protected].

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