Casino Insider

Feb 18, 2013 6:30 PM

Caesars Entertainment Corporation (CZR) will discuss its quarterly fiscal experience on Monday, Feb. 25, at 2 p.m. PDT.

SHFL Entertainment Inc. (SHFL) has chosen Monday, March 4, at 2 p.m. PDT, as the date and time of its fiscal report.

Japanese billionaire Kazuo Okada’s bid to halt the Wynn Resorts Ltd. (WYNN) shareholders’ vote on Feb. 22, to determine whether he should be removed from the board of directors, was rejected by a federal judge.

Trevor Sherrer has been named president of the Mirage Casino on the Las Vegas Strip, succeeding Felix Rappaport, who resigned in December.

Pinnacle Entertainment Inc. (PNK) reported a loss of $42.4 million or $0.72 per share during the quarter that ended on Dec. 31, 2012. That compares with a profit of $25 million or $0.40 per share in 2011. The company blamed the loss on one-time charges and costs associated with the opening of a casino in Baton Rouge, Louisiana.

The Jena Band of Choctaw Indians has opened the third Native American casino in central Louisiana. The Jena Choctaw Pines Casino is located in the Grant Parish town of Dry Prong.

Gaming analysts at Goldman Sachs have downgraded the ratings of shares in Boyd Gaming Corp. (BYD) from “neutral” to “sell.”

Robin Farley, chief gaming analyst at UBS Financial, has selected shares in Las Vegas Sands Corp. (LVS) has her top pick and maintained her target price of $59 per share.

William Grounds, an official with Infinity World, an affiliate of Dubai World, has been elected to the board of directors by MGM Resorts International (MGM).

The Kentucky Senate will not take up a bill that proposes to legalize casinos during the current legislative session, according to a spokesman.

Site work has begun on the Hollywood Slots at Mahoning Valley Race Course in Austintown, Ohio. The facility, owned by Penn National Gaming Inc. (PENN) still needs construction permits.

Looking to draw what they describe as more and better horses to compete at the track’s race meets, officials at Presque Isle Downs & Casino in Erie, Pennsylvania, say they plan to open two new barns this year.

The Navajo Nation is seeking a gaming compact with the state of New Mexico. Tribal officials have been meeting with representatives of Gov. Susana Martinez.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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