Casino Industry Insider news bites - 09-15-2009

Sep 15, 2009 5:07 PM
Industry Insider by Ray Poirier |

A subsidiary of the Chickasaw Nation has won the auction for Remington Park racetrack in Oklahoma, one of several facilities being sold by Magna Entertainment Corp. (MECA).

Grand Hyatt Macau at City of Dreams in Macau will have its grand opening on September 29. City of Dreams is owned by Melco Crown Entertainment Ltd. (MPEL).

Bally Business Intelligence Systems, a product of Bally Technologies Inc (BYI) has been chosen by the new owners of Tropicana Las Vegas.

Analyst Betsy Gordon of Goldman Sachs has downgraded the shares of Ameristar Casinos Inc. (ASCA) and Penn National Gaming Inc. (PENN).

Scientific Games Corp. (SGMS) has finalized an agreement with the Israel Sports Betting Board for the installation of some 2,000 wagering terminals.

Troy Stremming has been named senior vice president of government relations and public affairs for Ameristar Casinos Inc.

Also Ameristar Casinos has declared a dividend of $0.105 per share to be paid on Oct. 6 to shareholders of record on Sept. 24.

Florida’s new Seminole gaming compact is unlikely to be considered at the special legislative session to be held in October, according to officials.

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