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Casino industry news bites for the week of Dec. 30

Dec 30, 2008 5:01 PM
The Insider by Ray Poirier | Kirk Kerkorian’s Tracinda Corp., largest single shareholder in MGM MIRAGE Inc. (MGM), reportedly has sold all of its shares in Ford Motor Corp. (F).

International Game Technology (IGT) has scheduled a quarterly earnings conference call for Thursday, Jan. 22, 2009, at 6 a.m. PST. Also, the company has declared a quarterly dividend of $0.145 per share to be paid on Jan. 19, 2009, to shareholders of record on Jan. 5, 2009.

The sale of TVG horse racing network has been put off by owner Macrovision Solutions until early in the new year.

Foxwoods Resort Casino reports that nearly 40% of its tribal employees have indicated they will accept the recently-offered severance package.

It may not be sensational but visitor arrivals in Macau grew by about 3% in November, according to tourist officials.