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THE BIG M CASINO

Riverboat Casino Ratings Bouyed by Regulations, Demand, Moody's Says

The operators of many of the riverboat casinos along the Mississippi and Ohio Rivers are likely to enjoy smooth sailing as growing demand, limited new supply, and relaxed regulations support stronger operating results and possibly rating upgrades, Moody's Investors Service reports. The rating agency also cautions, however, looser gaming restrictions in one jurisdiction or the strengthening of one casino's position through the addition of new amenities could put pressure on neighboring operations. "Overall, our rating outlook is positive and we expect more upgrades than downgrades of companies in this industry over the next 6-18 months," says Moody's VP/Senior Analyst Todd Gray. "But at the same time, the rising tide for the sector as a whole will not lift all the riverboat operators." Specifically, the analyst says among the companies in line for a potential rating upgrade or positive outlook change are Hollywood Casino Corporation (B3), Hollywood Park (Ba3), Horseshoe Gaming (Ba3), Lady Luck Gaming (B2), Hollywood Casino Shreveport (B3), Players International (Ba3), and Station Casinos (Ba2). Companies more likely to experience either a rating downgrade or a negative outlook change include Alliance Gaming (B2), Majestic Star (B2), Mirage Resorts (Baa2), and President Casinos (Caa1). The analyst points out that many of these companies also operate land-based casinos


LEEVAC Wins $40M Casino Boat Contract

Leevac Industries, LLC of Jennings, La., won a $40 million contract from PNK (Lake Charles), LLC for the construction of a 330 x 225 x 13-ft. (100.5 x 68.5 x 3.9 m) Paddlewheel Casino Vessel. Lay, Pittman and Associates, Inc. of Jacksonville, Fla., are the naval architects. The casino vessel will hold more than 1,500 slot machines and 60 table games and will be moored in Lake Charles, La. This vessel will be the largest riverboat casino built in the State of Louisiana.


Goa’s Casino Royale at Three Years

Goa_002_web.jpg

In 2011 Goa’s most elaborate floating casino will celebrate three years of successful operation on the Indian province’s Mandovi River. The M/V Casino Royale was designed by AMC Marcon of Mumbai and her builder Water Ways Shipyard with the lines of a small cruise ship. The ship has capacity for up to 400 passengers, 35 operational crew and seven professional mariners. The Casino Royale is out-fitted to meet international safety standards for a passenger vessel


Floating Casino Follows Industry's Upscale Trend

As the casino riverboat industry celebrates its 10th anniversary this year, there's little resemblance between the first reproduction 1890s paddlewheelers that a decade ago plied the upper Mississippi River in Iowa and today's luxurious floating casino resort complexes with their plethora of amenities. Pinnacle Entertainment's $200 million Belterra Casino Resort in Belterra, Ind., which opened last Oct. 27, epitomizes this trend


Ruling on Permanently Moored Dockside Casino

The U.S. Court of Appeals for the Seventh Circuit ruled that, for purposes of the Jones Act, a permanently moored dockside casino is not a vessel in navigation and its employees are not seamen entitled to protection under the Act. In the instant case, the casino vessel was documented and inspected by the U.S. Coast Guard, but only got underway once each year for engine and maneuvering tests. The court held that the vessel was not engaged in the transportation of passengers or cargo and was


Possible Support for Riverboat Gaming

Illinois Gov. George Ryan signaled he may be willing to support the transfer of a dormant riverboat gaming license to Cook County, despite campaigning against the idea last year. While not explicitly endorsing a specific casino site, he acknowledged without the crucial support of legislators who want riverboat gaming in the county, no gambling package could move forward in the Illinois General Assembly. Cook County is the only Illinois county prohibited by law from having a riverboat casino


Conrad Adds to Backlog

Conrad Industries, Inc. won contracts totaling $13.5 million to build two 300 x 60 x 24-ft. 35,000 Barrel Double Hulled Oil Tank Barges for Penn Maritime, Inc., and to repair, renovate and perform hull modifications to a riverboat casino to be operated in Mississippi. Johnny Conrad, Conrad’s President and CEO said, "We are excited to announce the signing of these contracts with these new customers and the fact that these jobs further create the opportunity to utilize our


Aker Yards and Tallink Sign Contract for Ferry

The Option Agreement Aker Yards and Tallink had for a large cruise ferry was today confirmed as a firm contract worth approx. 165 million euro. The vessel to be delivered in summer 2008 from Aker Yards shipyard in Helsinki will be a sister ship to MS Galaxy launched at the yard in Rauma early this month. The contract means 1,700 man years of work to the yard. In addition to the new order there are two other vessels for Tallink in Aker Yards' orderbook, i.e


Harrah’s Gets New Barge Mounted Casino

Harrah’s recently opened a new barge mounted casino at their Joilet, Illinois property on the Des Plaines River near Chicago. The building on a barge replaces two USCG certified vessels that have been at the facility since 1993, the M/V Northern Star, a cruise-ship type vessel, and M/C Southern Star, a sternwheeler. The barges for the new facility were designed by DeJong & Lebet, Inc. Naval Architects, Jacksonville, Florida. DeJong & Lebet, Inc


Former Louisiana Governor Indicted

Former Louisiana Gov. Edwin Edwards and his son were indicted on federal charges in connection with a riverboat casino corruption investigation. Also charged in the case were three Edwards associates and a state senator. Edwards was charged with 30 counts, including racketeering, extortion, conspiracy, wire fraud, mail fraud and illegal wiretapping, in connection with extracting money from applicants for riverboat casino licenses, or, in the case of the wiretapping


Holland America Line Ships Score 100

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  On recent routine United States Public Health inspections (USPHI) conducted by the U.S. Centers for Disease Control and Prevention, Holland America Line’s ms Statendam, ms Nieuw Amsterdam and ms Ryndam achieved perfect scores of 100.  


Enel Green Power 2014 Net Profit Falls 32%

Enel Green Power, Italy's biggest renewable energy company, said on Thursday its net profit in 2014 fell 32 percent to 359 million euros ($381 million).   The company said the fall reflected a goodwill writedown on its CGU Enel Green Power Hellas asset to the tune of 181 million euros.


Queen Names P&O Cruises' New Luxury Ship

Her Majesty The Queen, accompanied by His Royal Highness The Duke of Edinburgh, officially named P&O Cruises new flagship Britannia. (Photo by James Morgan, © P&O Cruises)

P&O Cruises UK’s Britannia, the biggest ship designed exclusively for Britain, was christened today in official naming ceremony; AIDA Cruises’ AIDAprima will begin service later this year, the second of 10 ships scheduled to be delivered to Carnival Corporation’s fleet


More MERUS Rings for MS Rotterdam

Image: Pronomar

Pronomar has installed two additional MERUS rings on board Holland America Line’s MS Rotterdam, this time in the wellness area for the steam generators.   The order follows the installation of four MERUS rings in May and June 2014 on the cruise ship at various applications in the


Holland America Line Heads NOAA's List of Weather Observations

Holland American Line

  Holland America Line topped the list in 2014 for the World’s Leading Weather Observing Cruise Ship Companies who submitted weather information to the National Oceanic and Atmospheric Administration (NOAA). The Holland America Line fleet of 15 ships sent in a combined total of 22


COMPIT to Showcase Smarter Ships, Systems & Solutions

DNV GL COMPIT. Preview

  The 14th International Conference on Computer and IT Applications in the Maritime Industries (COMPIT) will take place from 11th to 13th May 2015 in Ulrichshusen, Germany. First held in the year 2000, COMPIT has established itself as a key conference in information technology (IT) for the


Holland America Line Wins Cruise Critic Cruisers’ Choice Awards

Courtesy Holland American Line

  Holland America Line won top honors in four categories in the 2015 Cruise Critic Cruisers’ Choice Awards. The premium cruise line took first place in Best Dining (large-ship category) for ms Nieuw Amsterdam, Best Value-for-Money (mid-sized category) for ms Zuiderdam


Containership Becomes Largest to Sail the Thames

Munkebo Maersk (Photo: DP World)

The Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway, the U.K.’s newest deep-sea port hub. The 399-meter-long, 60-meter-wide, 195,000-ton Triple-E class vessel – equivalent in length to almost four football pitches and


Harvey Gulf Claims Another LNG Milestone

Courtesy of Harvey Gulf International Marine

  Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first truck to vessel transfer of LNG and to power


Bertling on Rapid Growth Trajectory in India

Carbondioxide absorber is one of the heaviest packages handled in India by Bertling

  As the Indian economy shows signs of green shoots Bertling Logistics India Private Ltd., the country's only project logistic multi-national has etched out strategic plans to consolidate its multifarious activities in order to gear for a major leap forward that will place it on a higher


Giant Ships to Rule World Seas

CSCL (Image: China Shipping Container Lines)

Megaships and large container ships are going to dominate the oceans calling for bigger changes in the shipping and port industry.   Reflect on recent news: Evergreen Group, one of Taiwan’s leading transport conglomerates, has agreed to charter 11 large ships as part of its


2nd WISTA India Forum Receives Strong Support

Deepak Shetty, the  Director General of Shipping, the chief guest, alongwith the Office Bearers of WISTA India

  On 23rd January 2015, the Royal Mumbai Yacht Club saw around a hundred dignified members of the shipping fraternity gather for the second WISTA Annual Forum, an event that lived up to the industry’s expectations.  The select crowd included long-term supporters of WISTA India and


The Art of Propeller Making

The mold is 1,100 degree Celsius liquid bronze is flowing into the prepared propeller mould.to be filled.

The world’s biggest propellers have their cradle in the North of Germany. MMG – Mecklenburger Metallguss GmbH – has manufactured for more than 65 years propellers for ships, including the biggest and fastest, in the State of Mecklenburg-Vorpommern


ms Veendam Rescues Pilot Off Maui Coast, Hawaii

Holland American Lines ms Veendam to the rescue of pilot

  On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from the United States Coast Guard to rescue a pilot who had ditched his single-engine Cirrus SR-22 after he experienced a


Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender, three traders said on Friday. "They are waiting for the government to confirm






 
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