Casino Industry Insider news bites - 06-02-2009

Jun 2, 2009 5:02 PM
The Insider by Ray Poirier | International Game Technology (IGT) has an agreement to install its Tier One slots library and management system at the Imperial Palace Casino in Biloxi, Miss.

Glenn Shaeffer, longtime Las Vegas gaming executive, has given up his post as president and CEO of Fontainebleau Resorts.

Penn National Gaming Inc. (PENN) says it plans to reopen the fire-damaged Empress casino in Joliet, Ill., on June 25.

MGM MIRAGE Inc. (MGM) says that more than $882 million of senior notes have been tendered in response to the offer to buy back $1.05 billion of company debt.

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A court ruling has cleared the way for Justice Family Group to turn the famed Greenbrier Resort in West Virginia into a casino.

Shuffle Master Inc. (SHFL) will report its second quarter results on Tuesday, June 9 at 2 p.m. (PDT). The company also plans to participate in the G2E Asia Gaming Expo in Macau on June 3 and 4.

Genting Bhd, privately-owned Malaysian gaming company, has sold a 9 percent interest in the Genting Singapore Resort currently under construction.

Nevada Gold & Casinos Inc. says it plans to open its recently-expanded Colorado Grande Casino on July 2.

Harrah’s Entertainment announced it plans to sell $1 billion in new notes through a private offering.

New Mexico’s newest horse track in Raton can conduct simulcast wagering but will have to wait until June 16 to find out if it can install slot machines.

Rohit Thukral has been named executive vice president of technology initiatives by Churchill Downs Inc. (CHDN).

Analysts at SMH Capital have initiated coverage of Bally Technologies Inc. (BYI) with an "accumulate" recommendation.

Tropicana Entertainment is turning over management of the Horizon Casino Resort at Lake Tahoe, Nevada, to Lake Tahoe Realty 1, an affiliate of Columbia Sussex Corp.