The Casino Industry Insider - 08-12-2008

Aug 12, 2008 7:00 PM

The Insider by Ray Poirier |

THE INSIDER: Bette Midler, who stars at Harrah’s Entertainment’s Caesars Palace in Las Vegas, was the featured act at the opening of a $485 million renovation of Hammond’s Horseshoe Casino in Hammond, Indiana, last week.

Twenty-five Ameristar Casinos Inc. (ASCA) employees have been laid off at the company’s Vicksburg, Mississippi, casino. They are part of the 244 employees expected to lose there jobs because of a slowdown in business.

Pennsylvania gaming regulators are expected to decide this week the future of entrepreneur Don Barden’s Pittsburgh gaming license.

Fitch Ratings service has affirmed the debt ratings of Boyd Gaming Corp. (BYD) in light of the company’s announcement to delay the Echelon construction.

Melco Crown Entertainment Limited (MPEL) will announce its second quarter results on Thursday, Aug. 14 at 5:30 a.m. PDT.