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Caesars entertains idea of converting into REIT

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Casino Insider

February 27, 2012 8:37 PM by Ray Poirier

Bally Technologies has purchased a system from Chiligaming LTD that will permit the company to offer business-to-business iGaming opportunities for its customers.

The Maine Gambling Control Board has approved a full gaming license for Hollywood Slots in Bangor, a facility operated by Penn National Gaming Inc. (PENN).

The Sheraton Macao, a 3,863-room hotel being built on the Cotai Strip in Macau as part of the entertainment complex being constructed by Las Vegas Sands Corp. (LVS) will begin hiring this week.

Boosted by the Lunar New Year holidays, Macau tourism increased by 18.6% during the month of January. Total visitation was given as 2.5 million.

The Nottawaseppi Huron Band of the Potawatomi Tribal Council has announced that it has a tentative buy-out agreement of the management contract held by a division of Full House Resorts Inc. (FLL).

More Casino Industry ArticlesJoe Francis, the founder of the "Girls Gone Wild" video empire, has lost his court appeal to have a $7.5 million award to Steve Wynn rescinded. Reportedly, Francis’ lawyers had withdrawn and Francis wasn’t properly notified of a court hearing.

David Scott Tate, owner of Cactus Jack’s casino in Carson City, Nevada, has agreed to pay a $15,000 fine for using unauthorized poker chips in tournaments. State gaming licensees are required to use chips that conform to established regulations.

The Nevada Gaming Commission has approved the purchase by Golden Gaming Inc. of the slot machine route and two casinos in Pahrump owned by Affinity Gaming LLC. This will give Golden Gaming some 8,500 slot machines in 650 locations.

Shuffle Master Inc. (SHFL) will discuss its operating results for the first quarter that ended on Jan.31, in a conference call to be held Tuesday, March 6, at 2 p.m. PDT.

Melco Crown Entertainment Ltd. (MPEL) has named Ying Tat Chan as its chief operating officer. Nicholas Naples, who had served with Chan as co-COO, has left the company.

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Atlantic City’s casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos.

Caesars Entertainment Corp. (CZR) has reached an agreement with its most-senior lenders on a restructuring plan that includes turning its largest unit into a real estate firm, according to a report this morning from Bloomberg.

Sproles player to watch Berg gives out three players for Thanksgiving daily fantasy leagues. 

Pokin' Around | At age 65 and nearly 12 years removed from his last NFL head coaching job, the fire still burns within Jim Fassel. He’s just waiting for the right offer.

New Jersey Gov. Chris Christie’s hope that a private operator would boost the state’s lottery proceeds seems to be dwindling as revenue declined 9.2% during the period between July 1 and Oct. 31.

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