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Global Intelligence to address
crime, security in California

Mar 9, 2004 5:20 AM

Peter Maheu, an international expert in the field of organized crime, will address the California State Sheriffs’ Association at a gathering of the group on March 23 in San Diego.

Maheu will discuss, "International Organized Crime and its Potential Impact on Indian Gaming in California." He previously has addressed the same subject in a speech before the North American Gaming Regulators association.

In Las Vegas, Maheu is managing partner of Global Intelligence Network, a group that specializes in gaming due diligence investigations.

Station tribal deal

Station Casinos Inc. (STN) continued its efforts to expand tribal casino operations in California by signing an agreement with the North Form Rancheria of Mono Indians for a project in Madera County, Cal.

The company has reported huge success as manager of the Thunder Valley Casino near Sacramento.

Like its other management contract, Station Casinos will receive a fee of 24% of the project’s net income.

THE INSIDER: Midway Games Inc. (MWY) has completed a new five-year credit agreement that provides a $15 million term loan and a $15 million revolving credit facility with Wells Fargo Foothill Inc.

Scottish officials are in talks with two South African casino operators over the development of a $650 million super casino to rival "the biggest and best gaming dens in Las Vegas." Involved are Sun International and Sol Kerzner, chairman of Kerzner International Inc. (KZL).

Gaming analysts at Harris Nesbitt Gerard have reduced their rating on the stock of MGM MIRAGE Inc. (MGG) to "neutral" from "outperform."

Meanwhile analysts at Bear Stearns raised their ratings of Mandalay Resort Group from "peer perform" to "outperform."

Station Casinos Inc. (STN) says it plans to issue $450 of debt. The company also said it will hold a conference call to discuss its first fiscal quarter on Tuesday, April 20.

GTECH Corporation (GTK) has entered into a 10-year agreement with New Vision Gaming to offer two new games through its lottery distribution network. The games are Players Choice Poker and Worldwide Poker.

Mikohn Gaming Corporation (MIKN) says it has retained its financial relations board to assist the company with its investor relations program.

Harrah’s Entertainment Inc. (HET) announced it plans to build a $142 million, 450-room hotel tower at its Harrah’s New Orleans Casino. The tower is expected to open in 2006.

Standard & Poor’s Ratings Services has revised its outlook on the debt of Ameristar Casinos Inc. (ASCA) from "stable" to "positive."

Fortune Magazine has named MGM MIRAGE Inc. (MGG) as one of "America’s Most Admired Companies."

Mark Yoseloff, chairman and CEO of Shuffle Master Inc. (SHFL) announced he had filed with the SEC to sell about 20% of his stock holdings in the company through a structured trading plan. He said he was selling to fulfill certain trust and estate planning goals.

International Game Technology (IGT) has declare a quarterly cash dividend of $0.10 per share to be paid on March 30 to shareholders of record on March 16.

News reports have indicated that Churchill Downs Inc. (CHDN) has offered $28.5 million to acquire the Fair Grounds racetrack in New Orleans, La. The track is operated by Bryan Krantz, who placed the track in bankruptcy following a court judgment against him for $90 million. The money is to be paid to the horsemen in purses.