Casino Insider

Aug 19, 2013 6:00 PM

MTR Gaming Group Inc. (MNTG) announced that a bid from Jacobs Entertainment Inc. (JEI) that its assets be acquired by MTR Gaming for a specified price has been withdrawn without the company having taken official action.

Visitation at the Las Vegas Sands Corp. (LVS) casinos in Macau soared during the month of July. Officials of Sands China Ltd., said traffic at its four casinos increased 34 percent to 5.6 million visitors.

SJM Holdings Ltd., the largest casino operator in Macau, reported a 12 percent increase in net profit for the first six months of this fiscal year.

Full House Resorts Inc. (FLL) said it has entered into a lease agreement to manage a non-profit-owned hotel next to its Rising Sun Star Casino Resort in Indiana.

SHFL Entertainment Inc. (SHFL) will release its fiscal 2013 third quarter report on Friday, Sept. 6. There will be no conference call since the company is being acquired by Bally Technologies Inc. (BYI).

With an increase in the sale of lottery tickets and two casinos now operating within the State of Maine, veterans organizations have reported a substantial drop in bingo playing and in donations

Louisiana Gov. Bobby Jindal has named Ronnie Jones as chairman of the Louisiana Gaming Control Board. Jones is a retired state police deputy superintendent. He succeeds Dale Hall who died unexpectedly.

Also in Louisiana, gaming officials reported the state’s casinos won $15 million more in the current fiscal year than they did last year.

The Iowa Racing and Gaming Commission has rejected the license request of Penn National Gaming Inc. (PENN) for its riverboat casinos, Argosy Sioux City. However, it agreed to permit the boat to continue operations while the company pursues an appeal to the ruling.

Malaysia’s Genting Group, operator of the slots facility at the Aqueduct race track in New York as well as casinos around the world, announced plans to spend $150 million on the upgrade project for the Bimini airport in the Bahamas.

The Kanesville Queen Riverboat, owned by Harrah’s (now Caesars Entertainment Corp.) in Council Bluff, Iowa, is taking its final voyage as it heads toward a scrap heap.

Investigators say 18 men have pleaded guilty to illegal Internet gambling in North Texas. They allegedly took in $5.4 billion in illegal bets.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

 GamingToday on Facebook      and         GamingToday on Twitter