Casino Insider

Dec 30, 2013 8:00 PM

According to The Street.com, two “insider transactions” affecting major gaming companies were found in December. Eric A. Berg, chief operating officer of International Game Technology (IGT) reportedly sold 4,904 shares of the company at $17.13 per share. And, Saul Reibstein, a director of Penn National Gaming Inc. (PENN) bought 500 shares of the company at $14.47 each.

Jay Chun, chairman of Paradise Entertainment Ltd., said that the trial period in Nevada for the live multi-game (LMG) electronic table game machines produced by his company is expected to be completed this week.

Beginning on Jan. 1, hundreds of non-profit organizations in Virginia will join forces in offering a weekly bingo game with a top prize of up to $25,000.

The Nevada Gaming Control Board has filed a 28-count complaint against Bally Technologies charging the company failed to comply with the state law that requires gambling companies to register employees before they start work.

The Catawba Indian Nation announced that it plans to open a high stakes bingo parlor in Rock Hill, South Carolina, in March, 2014.

The South Dakota Commission on Gaming said that gross revenue for the year at Deadwood’s casinos had declined by 3.26 percent.

The Tribal Council of the Mississippi Band of Choctaw Indians has approved a $145 million project that includes renovating the Silver Star Hotel and Casino near Philadelphia, Mississippi, re-opening the Golden Moon Casino fulltime and possibly building a casino in the Red Water community.

O’Sheas, the Irish-themed casino that was closed by owner Caesars Entertainment Corp. (CZR) while the company completed work on its Linq Project on the Las Vegas Strip, has re-opened.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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