Gaming
Five Bid on MO License
There are five bidders for the Missouri casino license that expired with Pinnacle’s President Casino. They are: • Isle of Capri, with a proposal for a $125 million casino in downtown Cape Girardeau. The project was endorsed by the city council, though final approval depends on a citywide referendum in November. St. Louis Capital Partners was... »
Roth: WMS Biggest Supplier in Q2?
Adjusting for actual units shipped, WMS became the biggest seller of slot machines in North America in the second quarter with 30 percent ship share, Todd Eilers reported in his quarterly survey. Counted on what he called a recognized basis, IGT maintains its lead, but still lost 7 percentage points from last year, Eilers said.... »
Station Plan Confirmed
It’s all but done. Station Casinos is about to emerge from Chapter 11 now that bankruptcy court has approved its plan. Station will have $2 billion in debt and a modified... »
Cordish: Fine PENN
Cordish Cos. asked the Maryland Lottery Commission to fine Penn National hundred of millions of dollars for backing a campaign to block slots from Arundel Mills Mall, the Baltimore Business Journal reported. Cordish alleges that PENN’s support of the campaign puts it in breach of its own license to build a slots facility in Cecil... »
MAR Picks up Cosmo
Cosmopolitan has filled a hole that some had speculated about. It has linked up with an international reservation system. Cosmopolitan in Las Vegas has signed on with Marriott. ... »
Saipan House Approves Casinos
Casinos may soon come to the island of Saipan in the South Pacific US territory of the Northern Marianas Islands. Saipan’s House of Representative passed a bill legalizing casinos, two years after voters rejected a similar measure, the Saipan Tribune reported. The bill also increases the gaming tax on the islands of Rota and Tinian from... »
Macau Revenues Surge
Macau casino revenues could rise 40 percent this month to US$2 billion, according to Aaron Fischer of CLSA. During the first 15 days of August, revenues climbed 51 percent... »
First AC Dealers Contract
It appears that for the first time, some Atlantic City casino dealers will have a union contract. But they might not be the last. Tropicana reached a contract the United Auto Workers after two years of negotiations, the Press of Atlantic City reported. Details have yet to be released. If dealers approve the contract, the UAW can... »
M Drew a Dozen Bidders?
M Resort drew up to a dozen bidders when Lloyds Banking Group put it up for private auction last month, the Las Vegas Review-Journal reported. Among those said to have bid were Boyd, Fertitta Gaming, Penn National, and the Marnell family, the principals of the 17-month-old property on the far south Strip. There is no indication... »
LVS Might Sign Up IHG for Site 3
Intercontinental Hotel Group may put hotels at site 3 of Las Vegas Sands’ Cotai Strip after sites 5 and 6 are developed. Acting Sands China CEO Mike Leven said it is LVS’ intent to have Intercontinental, Crowne Plaza and Holiday Inn hotels on the site, along with the casino and shopping center. Sites 5 and 6,... »