The Casino Industry Insider - 06-17-08

Jun 17, 2008 7:00 PM

The Insider by Ray Poirier |

THE INSIDER: The owners of Twin River slot parlors, formerly known as Lincoln Greyhound Park in Lincoln, Rhode Island, wants the state to reduce its share of slots revenue. The slots parlor has had trouble meeting its loan payments and is in danger of falling into bankruptcy.

Philadelphia Park Casino has been fined by Pennsylvania gaming regulators for having children on its gambling floor. In one case, a 19-year-old was permitted to play a slot machine for an hour.

Justin Sebastiano of Morgan Joseph has initiated coverage of the shares of MTR Gaming Group (MNTG) with a "buy" rating.

Delaware lawmakers are being petitioned to increase the state’s share of slots revenue to 47.5% from the current 35.5% in order to generate more funds that could be applied to the budget shortfall.

Don Barden, the Fitzgerald Casino owner who was granted a casino license for Pittsburgh, says the project remains on schedule to open next May.

Mississippi River floodwaters have forced the temporary closing of the President Casino in downtown St. Louis.