Casino Insider

Dec 22, 2009 3:48 AM

Gary N. Jacobs, one of the MGM MIRAGE Inc. (MGM) executives who helped guide the company away from bankruptcy early in 2009, has resigned his positions as general counsel and secretary, as well as president of corporate strategy and as a member of the board of directors. He had been with the company since 2000. No reason for his resignation was given.

Philadelphia Park racetrack has replaced its temporary casino with a $250 million facility that has 3,000 slot machines, three restaurants and a sports bar.

Florida regulators have defeated a bid to put slot machines at Miami International Airport, a move that would seriously have affected the play at nearby Flagler Dog Track/Magic City Casino.

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Sheldon Adelson, CEO of Las Vegas Sands Corp. (LVS) told CNBC that barring weather problems the Singapore casino will open in late March.

Bob Boughner, longtime executive for Boyd Gaming Corp. (BYD) has been named executive vice president and chief business development officer for the company.

International Game Technology (IGT) has declared a quarterly cash dividend of six cents ($0.06) per share to be paid on Jan. 16, 2010, to shareholders of record on Dec. 29, 2009.

Pinnacle Entertainment Inc. (PNK) has reduced the cost of its proposed Sugarcane Bay, Louisiana, project from $350 million to $300 million.

Maryland’s slot machine commission has rejected the bid of Baltimore City Entertainment Group for a slots license in Baltimore.

Melco Crown Entertainment (MPEL) is seeking to extend the maturity date of a $151.6 million convertible loan due next September.

Total revenues for the month of November at the Greenbrier Resort in West Virginia were $237,634, up from $121,993 in October.

Louisiana reported November gaming revenue fell 16.7 percent to $179 million from last year’s $214.9 million.