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The Casino Industry Insider - 09-30-08

Sep 30, 2008 6:56 PM

The Insider by Ray Poirier | Robert Griffin, who spent a number of years as an executive with Isle of Capri Casinos Inc. (ISLE), has been named to succeed Edson R. Arneault as president and CEO of MTR Gaming Group Inc. (MNTG). The transfer will take place effective Jan. 2, 2009.

Shareholders of Landry’s Restaurant Inc. (LNY) will vote on Nov. 3 to decide whether to accept the $21 per share offered by CEO Tilman Fertitta in his effort to take the company private.

Analysts at J.P. Morgan Securities have downgraded the shares of Melco Crown Entertainment (MPEL) from "overweight" to "neutral."

The Mohegan Tribal Council has decided to delay the final projects of its $925 million expansion plan.

The Kansas Lottery has chosen Butler National Service Corp. to build and manage a casino in Dodge City.

Montgomery County Democrats have voted to oppose the slot machine referendum on Nov. 4.

Lakes Entertainment Inc. (LACO) has estimated that its proposed Ohio casino would generate some $255 million in payments to Ohio counties while creating 8,700 jobs.