Casino Insider

Mar 18, 2013 7:40 PM

Nevada Gold & Casinos Inc. (UWN) reported a fourth quarter profit of $235,356 or $0.01 per share compared to last year’s loss of $288,047 or $0.01 per share.

Scientific Games Corporation (SGMS) reported a 4.3% increase in revenues to $249.2 million during the fourth quarter but it incurred a loss of $0.28 per share, far more than last year’s loss of $0.09 per share.

American Casinos & Entertainment, owners of the Stratosphere and the two Arizona Charley’s casinos in Las Vegas, reported a fourth quarter loss of $8.3 million on revenues of $79 million. In the corresponding quarter last year, the company reported a loss of $7 million on revenues of $81.5 million.

More than 80% of the voters in the town of Salem, N.H., endorsed allowing a casino at Rockingham Park. The vote was in a non-binding referendum. Millennium Gaming of Las Vegas has an option on the racetrack should New Hampshire approved the site for a casino license.

Gambling revenue for the month of February at New Jersey’s 12 casinos fell 12.5 percent to $212.3 million, according to the N.J. Division of Gaming Enforcement.

Kansas Lottery officials reported that its three casinos generated total gambling revenue of $30.6 million in February, just topping the $29.6 million reported in January.

Despite New York Gov. Andrew Cuomo’s call for three casinos won’t be enough, in the opinion of Senate Deputy Majority Leader Thomas Libous. He said for a referendum authorizing the casinos to pass, the number would have to be increased, including some in the New York City area. 

The Delaware House gaming committee is considering a bill that would allow fraternal organizations and veterans groups to operate slot machines. Critics argue the bill should be expanded to include charitable organizations and private clubs.

Foxwoods Resorts reportedly is offering severance packages to some 50 table game dealers.

The Georgia Senate has passed a bill that would centralize control of video poker machines under the guidance of the Georgia Lottery Corp.

A proposed long-term compact to allow the Navajo Nation to operate casinos in New Mexico stands in limbo as the state legislature nears its adjournment.

Ameristar Casinos Inc. (ASCA) is seeking consent to modify certain requirements of its 7.5% senior notes due 2012. The solicitation is being made on behalf of Pinnacle Entertainment Inc. (PNK) which is in the process of acquiring the company.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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