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The Casino Industry Insider by Ray Poirier - 07-01-08

Jul 1, 2008 7:00 PM

The Casino Industry Insider by Ray Poirier | THE INSIDER: Atlantic City casinos will no longer shut down when state government runs out of money now that Gov. Jon Corzine has signed a new law that eliminates that requirement.

Michigan’s Gaming Control Board has approved a $150 million debtor-in-position financing for Greektown Casinos to finish its permanent casino and hotel expansion. The gaming company filed for bankruptcy last month.

Isle of Capri Casinos announced on Monday that it would hold an earnings conference regarding its fourth fiscal quarter on Wednesday, July 2 at 8 a.m. PDT.

Supporters of a casino to be built in Clinton County, Ohio, say they have received a sufficient number of signatures to place the item on the November ballot. The casino would be built by Lakes Entertainment Inc. (LACO).

John A. Moran, a director of Wynn Resorts Ltd. (WYNN) has bought 20,000 shares of company stock, according to a filing with the Securities & Exchange Commission. He reported he bought the shares for prices ranging from $84.52 to $85.07 each.

Ameristar Casinos Inc. (ASCA) says it has rebranded the East Chicago, Indiana, casino it acquired last September to Ameristar Casino Hotel.