Casino Insider

Jan 6, 2014 7:00 PM

Cantor Gaming, the gaming technology company that has raised sports betting in Nevada to another level, has changed its name to CG Technology. The company said the new name represents its commitment to develop and deliver best-in-class technology products and services for the gaming industry.

Gaming and Leisure Properties Inc. (GLPI), the real estate investment firm established with a spinoff of Penn National Gaming Inc. (PENN), announced Monday it was declaring a special dividend of $11.85 per share to be paid on Feb. 18 to shareholders of record on Jan. 13. Of the dividend, 20 percent will be paid in cash while the remainder will be paid in company stock.

The Aquinnah Wampanoag Tribe of Massachusetts, currently embroiled in a controversy with Gov. Deval Patrick over its ability to operate a Class II casino on Martha’s Vineyard, has filed paper work to move its litigation to a federal court.

Sharkey’s, the Gardnerville, Nevada, casino, has emerged from Chapter 11 bankruptcy. The company announced Monday that the court had approved a reorganization plan for the property.

After six consecutive years of growth, the Pennsylvania annual revenue from slot machines has dropped 3.5 percent to a bit less than $2.4 billion.

As promised by the developers of the Cape Girardeau, Missouri, casino, hotel tax collections are up significantly, state authorities announced last week. Part of the reason, they said, was the opening of the Isle Casino Cape Girardeau.

The Missisippi Gaming Commission has approved Rotate Black casino plans for land next to Jones Park in Gulfport.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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