Casino Insider

Jan 21, 2013 6:00 PM

The unemployment rate in Nevada fell to 10.2 percent in December. In Clark County the rate was 10 percent.

Penn National Gaming Inc. (PENN) has signed a lease for a former restaurant in Gloucester Township, New Jersey, that it plans to convert into a pari-mutuel off-track wagering facility.

Veteran Las Vegas gaming industry executive John V. Giovenco has retired from the board of directors of Pinnacle Entertainment Inc. (PNK).

DoubleDown Casino, the Internet property owned by International Game Technology (IGT), has added its free-to-play slots game, House M.D., to its Facebook menu.

Horseshoe Casino Cleveland, the newly-opened casino owned by Rock Gaming Ohio and Caesars Entertainment Corp. (CZR) has been fined $15,000 by the Ohio Casino Control Commission for using unapproved software in its initial operation. The software has since been approved.

Lagging business in Atlantic City has been affecting the state’s budget. According to officials, state revenue collections from all sources have fallen $426 million below the budgeted amount through the first six months of the fiscal year.

Analysts at Wells Fargo have upgraded the shares of Las Vegas Sands Corp. (LVS) to “Outperform.”

Churchill Downs Inc. (CHDN) has opened a new off-track betting facility called “The Parlay” just inside Gate 1 at its Louisville, Kentucky, racetrack.

Dover Downs Inc. (DDE) will report its quarterly fiscal experience on Thursday, Jan. 24, at 6:30 a.m. PDT.

The bidding process for the casino license awarded to Prince George’s County will be held on Jan. 31.

Maine’s gaming regulators are considering permitting the introduction of Pai Gow poker at the state’s casinos.

Robin Farley, chief gaming analyst at UBS Investment Research, has given shares of Melco Crown Entertainment Ltd. (MPEL) a “buy” rating.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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