Casino Industry Insider news bites - 05-19-2009

May 19, 2009 5:03 PM
The Insider by Ray Poirier | Gaming Partners International Corp. (GPIC) reported a net loss of $499,000 or $0.06 per share for the first quarter of 2009 compared to a net loss of $412,000 or $0.05 per share in the comparable quarter of a year ago.

Scientific Games Corp. (SGMS) has received a new contract from Massachusetts as the state’s primary instant tickets vendor and has received a contract extension from the state of California.

PokerTek Inc. (PTK) says it has installed two PokerPro tables at Oaklawn Racing Gaming in Hot Spring, Arkansas.

Pinnacle Entertainment Inc. (PNK) has engaged Ernst & Young as the company’s independent registered public accounting firm.

Golden Gaming Inc. of Las Vegas has withdrawn its application for a casino license in Wyandotte County, Kansas.

M Resort in Henderson, Nevada, says it eliminated about 100 jobs last week.

Las Vegas Sands Corp. (LVS) plans to reduce its Macau work force by 4,000 people.

A South Carolina construction consulting firm has filed a breach of contract lawsuit against the developers of Fontainebleau Resort in Las Vegas.

Delaware officials say they expect to begin sports betting within three months and to have table games operating at its racinos in six months.

Century Casinos Inc., operator of two casinos in Colorado and several cruise ship gaming rooms, reported earnings of $345,000 or $0.01 per share in the first quarter. This compared to earnings of $541,000 or $0.02 per share last year.

A casino proposal by Lakes Entertainment Inc. (LACO) has been endorsed by the Sumner County Commission in Kansas.

The casino hasn’t opened as yet but developers of The Rivers Casino in Pittsburgh, Pennsylvania, report they have received delivery of the first 300 slot machines planned for the facility. In total, the developers expect to operate 3,000 slot machines.

New Jersey gaming officials say Atlantic City’s 11 casinos saw a 14.2% decline in revenues during the month of April.

Nevada Gold & Casinos Inc. (UWN) says it has purchased three casinos in the state of Washington.

Canterbury Park Holding Corp. (CPHC) reported net income of $316,774 or $0.08 per share compared to last year’s first quarter earnings of $498,860 or $0.12 per share.