The Insider -- Macau gaming revenue flat

Sep 23, 2008 7:00 PM

The Insider by Ray Poirier | Early reports out of Macau indicated that gaming revenue during the first 15 days of September were flat when compared to last year. This despite the fact that all previous periods this year showed increases of between 40% and 60%.

Tim Parrott, longtime Nevada gaming executive, has left Aristocrat Leisure, the Australian gaming machine manufacturer, after serving as company president for the past two years.

Ameristar Casinos Inc. (ASCA) will pay a quarterly cash dividend of $0.105 per share on Oct. 15 to shareholders of record on Oct. 1.

Mike Ziegler, assistant general manager of Hollywood Park, has joined (UBET) as senior vice president.

Louisiana Gov. Bobby Jindal has named Robert Jones of Lake Charles, the son of a former Louisiana governor, to the Louisiana Gaming Control Board.

Standard & Poor’s Ratings Services has lowered its corporate credit ratings for the debt of Las Vegas Sands Corp. (LVS) citing concerns over the company’s liquidity position.

Penn National Gaming Inc. (PENN), which has walked away from a casino management contract with the state of Kansas, has asked that its $25 million application fee be refunded. Cherokee County has objected to the refund saying the company breached its contract.

Florida’s attorney general has appealed to the National Indian Gaming Commission to stop the Las Vegas-style gambling taking place at casinos operated by the Seminole Indian Tribe. He said the table game activity is in violation of state law.

Jacobs Entertainment, operator of casinos in Colorado, Nevada and Louisiana, is seeking to have real estate in Diamondhead, Mississippi, rezoned for a casino resort and hotel.

Multimedia Games Inc. (MGAM) has named Patrick Ramsey company chief operating officer. He previously was affiliated with Harrah’s Entertainment.

Canadian investor Dale Peterson has applied for a racetrack and racino license in New Mexico. His plans call for building a racino on the Hidalgo County Fairgrounds in Lordsburg, New Mexico.