Casino Insider

December 01, 2009 3:44 AM
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The Silver Club, one of six gaming properties that were involved in a Chapter 11 filing in June by owner Holder Hospitality Group, will be auctioned on Dec. 23. Northern Nevada Asset Holdings LLC, which holds an $8.5 million note on the property, ordered the foreclosure and sale.

Former NFL player Ross Verba has been arrested in Phoenix, Arizona, on charges of failing to pay $26,000 in gambling debts to the Palm Hotel/Casino in Las Vegas.

PokerTek Inc. (PTEK) has received a commitment from Grupo Televisa of Mexico to install PokerPro units at 25 of its gaming sites.

New York State Lottery has renewed through 2017 the video games contract it has with International Game Technology (IGT).

Columbus, Ohio, Mayor Michael Coleman said he opposes the location chosen for a casino in his city since it is a Family District and it should remain as such.

The Buffalo Thunder Resort and casino in New Mexico says it again will fail to make its bond interest payment next month. The property opened right at the beginning of the recent recession.

Pennsylvania Gov. Ed Rendell has appointed a Philadelphia lawyer, Kenneth Trujillo, as the newest member of the Pennsylvania Gaming Control Board.

Pinnacle Entertainment Inc. (PNK) says it has reduced the projected cost of its Sugarcane Bay casino project in Lake Charles, Louisiana, to $305 million, about $100 million less than originally projected.

Also Pinnacle Entertainment advised the SEC that it has agreed to pay interim CEO John Giovenco $75,000 per month. In addition, he will receive 50,000 stock options.