The Casino Industry Insider - 07-15-08

Jul 15, 2008 7:00 PM

The Insider by Ray Poirier |

THE INSIDER: Shuffle Master Inc. (SHFL) announced Monday that it had obtained a term loan for $60 million from a consortium of banks. Also, the company said it had extended the employment agreement with Chairman and CEO Mark Yoseloff to Oct. 31, 2009.

Despite a slowdown in business, plans for a $650 million expansion of the Harrah’s Cherokee Casino in Cherokee, North Carolina, will continue, according to a tribal official.

Crown Ltd. of Australia announced that despite rumors to the contrary it has no interest in acquiring Ameristar Casinos Inc. (ASCA).

Sirios Capital Management LP of Canada advised the Securities & Exchange Commission that it now owns 5.2% of the outstanding stock in Boyd Gaming Corp. (BYD).

International Game Technology (IGT) has completed the purchase of Cyberview Technology Inc.