Casino Industry Insider news bites for Aug. 18, 2009

Aug 18, 2009 5:00 PM
The Insider by Ray Poirier |

State revenue collections from video gambling machines and the lottery in Montana fell by 3 percent during the 2009 fiscal year that ended on June 30.

Despite the poor economy, the Missouri Gaming Commission reported a 4 percent rise in casino revenue for the month of July.

Atlantic City’s gaming revenue for the month of July dropped 12.7 percent to $383 million.

Nevada officials said gaming revenues for the month of June were $820 million or about 14 percent less than the previous year.

A near record month was enjoyed by Hollywood Slots in Bangor, Maine, during July. Gaming revenue was $70.5 million at the facility owned by Penn National Gaming Inc. (PENN).

Gerard P. Charlier, 70, has retired as CEO of Gaming Partners International Corporation (GPIC). Gregory Gronau has taken over the position.

Eric Hausler has been named senior vice president for strategic initiatives by Isle of Capri Casinos, Inc. (ISLE). At one time, Hausler was a gaming analyst for Bear Stearns.

Officials of Las Vegas Sands Corp. (LVS) said they had reworked a credit agreement in such a way that they may now set up an initial public offering (IPO) to sell a minority interest of the company on the Hong Kong stock exchange.

A federal appeals court is expected to expedite a hearing on Delaware’s right to take bets on professional sports leagues.

A subsidiary of the Chickasaw Nation has agreed to acquire troubled Remington Park horse track from Magna Entertainment Corp. (MECA).

Question? Comment? E-mail me at: Ray Poirier