Indian Michigan casino features automated poker tables

August 07, 2007 8:42 AM
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Supporters heralded the opening last week of the world’s largest automated poker room, utilizing equipment manufactured by PokerTek Inc. (PTEK).

The room is part of the newly-opened Four Winds Casino Resort in New Buffalo, Michigan, a property that is owned by the Pokagon Band of Potawatomi Indians and is managed by Lakes Entertainment Inc. (LACO).

The Four Winds Poker Room features 15 PokerPro 10-set tables and four PokerPro Heads-Up tables. They are part of a casino floor that includes 100 table games, 3,000 slot machines.

Matt Harkness, general manager of the facility, remarked, "Four Winds is committed to delivering the best gaming and entertainment experience possible and ProkerPro is part of that commitment."

He said the poker room, that also has four traditional poker tables, will offer a variety of cash games, as well as single and multi-table tournaments.

The breakthrough of providing dealer-less poker tables in Michigan was the second major announcement by PokerTek. The other involved the installation of five PokerPro tables at the Galaxy StarWorld Hotel and casino in Macau.

The installation was performed by Aristocrat, as the international distribution partner of PokerTek.

Lou White, CEO of PokerTek, noted that the installation "will enable operators to offer live poker to their guests, while assisting with the issue of dealer shortages in the region."

No action

Landry’s Restaurants Inc. (LNY), whose lenders moved in when the company failed to file its financial reports from the Securities & Exchange Commission on time, was given a little breathing room late last week.

The company reported a judge had granted an injunction against the company’s bondholders from demanding the immediate payment of $400 million, at least until a hearing can be held on Aug. 16.

Also, the SEC notified Landry’s Restaurants that it had recommended no action be taken against the company relative to its historical stock options practices. This was the same recommendation made by a special committee of directors that had investigated the options matter.

Major contract

Bally Technologies Inc. (BYI) has announced the receipt of a major contract with a California Indian casino for the installation of a complete slot accounting and casino management system.

The contract with the Viejas Casino & Outlet Center in Alpine, Cal., provides for 2,500 iVIEW interactive displays for the casino’s slot machines.

According to the company, Viejas Casino will utilize the Bally Slot Management Systems, Casino Management Systems and Bally eTICKET cashless systems. In order to complete the installation, the casino has agreed to re-wire its casino floor.

THE INSIDER: Scientific Games Corporation (SGMS) has been awarded a three-year contract to supply instant lottery tickets to the Rhode Island Lottery.

Pinnacle Entertainment (PNK) has appointed Stephen C. Comer to its board of directors. Comer retired last year as managing partner of Deloitte & Touche’s Nevada practice.

Mohegan Sun hopes to take advantage of a climate change in Massachusetts relative to expanded gaming by proposing a giant resort casino in the town of Palmer, located in the southwest corner of the state.

Douglas County, Nev., commissioners approved a hotel-casino plan submitted by Max Baer Jr. for a hotel-casino that includes two 143-foot towers.

Analysts at KeyBanc Capital Markets have upgraded the shares of Dover Downs Gaming & Entertainment Inc. (DDE) from hold to buy.

Another rating change came from the analysts at Nollenberger Capital who upgraded the shares of Isle of Capri Casinos Inc. (ISLE) from sell to neutral.

Harrah’s Entertainment Inc. (HET) has declared a cash dividend of $0.40 per share to be paid on Aug. 22 to stockholders of record on Aug. 8.

Other companies declaring a dividend were Boyd Gaming Corp. which will pay a quarterly dividend of $0.15 per share on Sept. 4 to shareholders of record on Aug. 17, and Dover Downs Gaming & Entertainment Inc. (DDE) which will pay a dividend of $04.5 per share on Sept. 10 to stockholders of record on Aug. 10.

Two companies planning casinos in Philadelphia, Pa., have asked Pennsylvania regulators to delay the requirement that they pay a license fee of $50 million.

Progressive Gaming International Corporation (PGIC) and Elixir Group Ltd., a subsidiary of Melco International Development Ltd. (MPEL) have signed a 10-year strategic alliance to address the needs for gaming systems in the Asia Pacific region.

Voters in Middleborough, Mass., have approved the potential casino development proposed by the Mashpee Wampanoag Tribe.