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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


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


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


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


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


Signal to Repair Boomtown Barge

Signal International will begin repairing the hull of the Boomtown Casino barge next week. The barge, heavily damaged during Hurricane Katrina, was moved to Signal last week for hull repairs. The company expects the repairs to be completed and the casino back in operation by the end of this year. The exact cost of the repairs were not released, but the hull repairs were estimated at less than $1 million. The hull was damaged in a number of places, and employees are reviewing the damage


Newcastle Coal Port Reopening as Storm passes

Australia's Newcastle port, the world's biggest marine coal export terminal, will reopen later on Thursday after shutting down earlier this week due to a heavy storm, according to the port. Australia's biggest coal companies, including BHP Billiton Ltd , Glencore Plc, Rio Tinto


ABS Executive Chairs Forum at Sea Asia

KENNETH RICHARDSON, EXECUTIVE VICE PRESIDENT OF ENERGY PROJECT DEVELOPMENT

  ABS Executive Vice President of Corporate Energy Development Ken Richardson says managing Big Data is critical to the future of offshore. (Singapore) ABS, the leading provider of classification services to the global marine and offshore industries


U.S. Ports Expands to be with Panama’s $5 Billion Canal Upgrade

Image: Panama Canal Authority

 A report in the USA Today says that the U.S. ports are busy deepening harbors and building bigger terminals to draw the bigger ships. Across the USA, public ports and their private sector partners will spend more than $46 billion in port-related improvements through 2016


FUSION Debuts Marine-Specific Amplifiers

Stereo Amplifiers

  FUSION announced today the release of its line of hardened marine-specific stereo amplifiers. Purpose-built for installations on boats of all sizes, the new line of amplifiers is engineered for long-lasting performance. Offered in two configurations, the 400 Watt


Seventh ICE Awards Scheduled for 6th June

Ice Logo

  Inviting entries for one of the most sought-after awards in internal communication. With the prestigious ICE (In-house Communication Excellence) Awards scheduled for the 6th June 2015, the organisers are getting set a venue that will host its largest number of guests including the


Couple Found Dead Aboard Cruise Ship

MS Ryndam (Pic by Holland America Line)

 Two passengers were found dead on a cruise ship docked in San Juan, Puerto Rico on Thursday morning in an apparent murder-suicide.     The unidentified man and woman were in their 50s and from Cleveland, Ohio, AP reports quoting police Sgt. Ricardo Cruz


“AIDAcara” Opens Kiel’s 2015 Cruise Shipping Season

AIDAcara (Photo: Port of Kiel)

Kiel’s 2015 cruise shipping season gets under way on Easter Saturday, April 4th.   That’s when the first ocean-going cruise ship of the year, “AIDAcara”, ties up at the Ostseekai Terminal after calling at Lisbon, Le Havre and Dover


ABS CEO Lays Out Vision for Technical Leadership at CMA Shipping

      ABS CEO Christopher J. Wiernicki

  During the recent CMA Shipping 2015 conference in Stamford, Connecticut, ABS Chairman and CEO Christopher J. Wiernicki provided the conference's keynote address to set the agenda for discussion over the following two days. CMA Shipping is an annual meeting of nearly 1


OOCL Orders Six Ultra-Large Container Ships

Pic: Orient Overseas (International) Limited.

 Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.6 million.   Orient Overseas, controlled by the family of former Hong Kong chief executive Tung Chee-hwa


WOW at USMMA

U.S. Maritime Administrator Paul Jaenichen addresses the gathered audience at the 7th annual Women on the Water (WOW) conference.

The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.S. Maritime Administration (MARAD) hosted the 7th Annual Women on the Water (WOW) Conference


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






 
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