Deutsche Bank analysts have downgraded the shares of International Game Technology (IGT) from “buy” to “hold.” The downgrade came on the heels of an announcement that IGT had just signed a deal to provide Caesars Entertainment with 7,000 gambling devices.
Mississippi casino revenue rose slightly in August to $179.1 million from last year’s $178.4 million.
The Nevada Gaming Commission has given final approval of the takeover of WMS Industries Inc. (WMS) by Scientific Games Corporation (SGMS). The deal involves about $1.5 billion.
MGM Resorts International (MGM) has debuted its design for a proposed casino at Fort Washington, Maryland. The $800 million facility at National Harbor will be just a stone’s throw from our nation’s capital.
New Capital Ventures announced that its new “Zip Line” ride linking two buildings at the Rio Hotel/Casino, just off the Las Vegas Strip, will begin functioning in early November.
Supporters of Sweepstakes Cafes in Ohio came up short in its drive for signatures to repeal the current ban. Officials said there were 71,000 fewer signatures submitted than the required 231,000.
Police in Columbia, South Carolina, seized a dozen gambling machines in recent raids on two locations.
A Maine study group has recommended an expansion of gambling in that state. The vote was 10-8.
The town of Leominster, Massachusetts, has approved plans for a slots parlor submitted by Maryland-based Cordish Cos.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].