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Casino Industry news bites - 11-11-2008

Nov 11, 2008 5:08 PM

The Insider by Ray Poirier | THE INSIDER: Ohio voters rejected a proposed casino in the southwest part of the state by a huge 2-1 margin last week. The loss was a blow to Lakes Entertainment Inc. (LACO) which would have been given a monopoly in the state had the measure passed.

Shuffle Master Inc. (SHFL) announced its chief operating officer, Paul C. Meyer, had departed the company with the close of business on Oct. 31.

Mark Clayton, a member of the Nevada Gaming Control Board, announced that he will not seek re-appointment when his four-year term expires at the end of this year.

Voters in West Virginia have approved casino gambling at the luxury resort, Greenbrier. The property owners said it would hire a consultant to evaluate the prospects of casino gambling at the facility.

Penn National Gaming Inc. (PENN) said it would restructure its slots operation at Hollywood Slots Hotel & Raceway in Bangor, Maine, in order to avoid layoffs during the economic slowdown.

In addition to approving the elimination of the $500 loss limit at the state’s casinos, Missouri voters also approved increasing the state’s gaming tax by 1% to 21% of gross gaming revenue.

PokerTek Inc. (PTEK) has installed seven of its PokerPro tables at the Monte Carlo Casino in Budapest, Hungary.

The Borgata Hotel Casino in Atlantic City, co-owned by Boyd Gaming Corp. (BYD) and MGM MIRAGE Inc. (MGM), has laid off 400 workers due to the worsening economy.