Casino Insider

Apr 7, 2014 6:00 PM

Pinnacle Entertainment Inc. (PNK) has completed the sale of its Lumiere Place Casino, Hotel Lumiere, the Four Seasons Hotel St. Louis, and related land parcels to Tropicana Entertainment Inc. for a cash payment of $260 million.

A proposal to permit wagering on pre-recorded horse races at Nebraska racetracks was defeated by Nebraska lawmakers last week.

Tilman Fertitta, CEO and sole owner of Landry’s Inc., the company that operates the Golden Nugget Casinos, will be a keynote speaker at the Southern Gaming Summit that will be held at the Mississippi Coast Coliseum May 6-8. Also giving a keynote address will be Geoff Freeman, president and CEO, American Gaming Association.

American Casino & Entertainment Properties LLC reported a net loss of $2.8 million for the fourth quarter of 2013. This compared with a net loss of $8.3 million in the comparable quarter of 2012.

The South Carolina Supreme Court has ruled that the Catawba Indian Nation cannot have a casino on its reservation in York County. The tribe had felt since the state allows cruise ship gambling it qualified for a casino.

The Yavapai-Prescott Indian Tribe is planning to build a new resort casino near Prescott, Arizona, and have it operating in 2016.

Indian gambling in South Dakota rose 14 percent to $124 million in 2012, according to Indian Gaming Industry Report.

Scientific Games Corporation (SGMS) has signed a three-year extension to its systems contract with the Delaware State Lottery. Also, the company announced Scott Schweinfurth has been promoted to executive vice president and chief financial officer.

The New Hampshire House is holding hearings on a Senate bill that would legalize two casinos sharing a total of 5,000 video slot machines and 240 table games.

Nevada-based Ultimate Poker announced it had dealt its 30 millionth hand of online poker. The total includes poker being dealt in Nevada and in New Jersey.

Casino Queen, the riverboat that Las Vegas executive Michael Gaughan and partners originally located on the banks of the Mississippi River in East St. Louis, Illinois, when riverboat gambling was approved by Illinois lawmakers over 20 years ago, has been sold at auction for $600,000.

A bill that would have prevented Phil Ruffin’s Wichita Greyhound Park from ever getting slot machines was defeated by Kansas lawmakers last week.

Michael Thomas, the former leader of the Mashantucket Pequot Tribal Nation, owners of Foxwoods Resort in Connecticut, who was convicted of embezzling funds from the tribe, has appealed his conviction to the 2nd U.S. Circuit Court of Appeals.

Wynn Resorts Ltd. (WYNN) announced the appointment of Jocelyn Bluitt-Fisher to the position of director of community relations in Las Vegas.

Longtime gaming executive William Zender has been named to the board of directors of Galaxy Gaming Inc.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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