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Is bankruptcy next for Caesars Entertainment?

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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the founder of the "Girls Gone Wild" video empire, has lost his court appeal to have a $7.5 million award to Steve Wynn rescinded. Reportedly, Francis’ lawyers had withdrawn and Francis wasn’t properly notified of a court hearing.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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NCAA Football Betting Primer | Back-to-back home losses to Utah and Oregon dropped the Bruins from the national spotlight, but bettors need to pay attention to the fact that UCLA has ripped off four straight victories.

A Toronto-based company abandoned its plan to buy the former Revel Casino Hotel in Atlantic City, dealing another blow to a city reeling from a string of casino closures and the disappearance of thousands of jobs.

The left for dead Lakers go for their third straight win and a sweep of their brief road trip when they visit the Mavericks. Tip-off is set for 8:30 p.m. ET at American Airlines Center where the Mavericks are favored by -9. The total is 217.5.

Industry | Judge Michael Shipp has agreed to pass on a trial in favor of a summary judgment involving the major sports leagues attempts to stop legal sports betting in New Jersey.

 

Bob Christ’s Thursday NFL Football Breakdown | This week’s NFL offering on Thursday night appears to be a mismatch on the surface. The 7-3 Kansas City Chiefs, favored by 7, visit an Oakland Raiders team that’s 0-10.

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