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The Casino Industry Insider - 07-29-08

Jul 29, 2008 7:00 PM

The Insider by Ray Poirier | THE INSIDER: PokerTek (PTEK) has received a $5 million credit facility from Silicon Valley Bank. The facility has a one-year term and carries an interest rate of prime plus 1.5%.

Analysts at Credit Suisse Securities have downgraded the shares of Melco Crown Entertainment Ltd. (MPEL) to "neutral" from "outperform."

Chicago, Mayor Richard Daley is prodding the legislature to find a compromise on a state capital program in the wake of the lawmakers’ defeat of a bill that would have expanded gambling in the state.

Bally Technologies Inc. (BYI) is forming an "Innovation Lab" in northern California to develop "cutting edge" gaming machines and systems.