Station Casinos’ owners are contemplating putting more of their own money into the firm to weather the current economic storm. They could loan the company between USD 450 million and USD 500 million, as well as conduct a debt exchange, to reduce the locals gaming company’s debt load and related interest payments, a filing Tuesday with the Securities and Exchange Commission said.

Philippines gaming industry will remain resilient to the current economic climate due to access and affordability, according to a local gaming firm. "The online gaming industry is one of the most affordable modes of entertainment," said Gil Edeza, CEO of IP E-Game Ventures. “Signing up for an online game is usually free and it may be played for as low as USD 0.40 an hour in internet cafes,” he added.

Lincoln, California - A Placer County tribe says the declining economy has forced it to stop construction on a hotel that was planned to complement its casino. Doug Elmets, a spokesman for Thunder Valley Casino, says the United Auburn Indian Community will likely downsize the project when it is re-evaluated in three to six months. Construction was halted with just five of the 22 stories built. The project was estimated to cost USD 1 billion.

Pennsylvania’s young casinos are competing quite well against the big boys. Comparing ’gross terminal revenues’ in October with those from October 2007, Pennsylvania casinos are slightly ahead, about 3 %. When Pennsylvania officials legalized slots parlors in mid-2004, some skeptics wondered how Keystone State casinos could ever compete with glitzier, better-known gambling meccas such as Las Vegas and Atlantic City.

Despite a nationwide economic slowdown, Louisiana’s state-licensed casinos won nearly USD 208 million from gamblers in October, an increase over the same period last year, state police reported Tuesday at a Louisiana Gaming Control Board meeting in Baton Rouge. Revenue was up for the year at all New Orleans-area casinos except Harrah’s New Orleans, the state’s only land-based casino.

Las Vegas: Executives at top casino companies said Wednesday that the gambling business won't be the same for years to come as game makers and casino owners shift focus to properties that already exist from casinos still being planned. "One of the challenges that has plagued the casino industry for a long time is that we spend money like drunken sailors," said Gary Loveman, chairman and chief executive of Harrah's Entertainment Inc.

Gala Coral is streamlining its operations ahead of the likely impact of the economic downturn on casino, bingo and betting revenues, and has told staff that up to 200 jobs may be affected. Its five divisions will be pared back to three, with bingo and casino merging and Coral betting shops being bracketed with its Eurobet equivalents in Italy. Dominic Harrison, who replaced Neil Goulden as chief executive in September, said that while trading was satisfactory...

Betting in casinos, gambling halls, horse racetracks and lottery in Panama generated USD 1,178,842,960, a 19% increment compared to a similar period last year. The increment of this type of gambling, especially in casinos and bingo halls, is connected to the tourist boom in Panama and not to the fact that Panamanian citizens are gambling more, according to President of Games of Chance Association (Asaja), Antonio Alfaro.

Reno - Nevadans hold a dim view of the economy, with more than one in four fearing for their jobs, according to a statewide poll released Sunday. Thirty-nine percent of 600 Nevadans surveyed think it will take "years" for the economy to rebound. Another 29 percent think a recovery will come in 2009, and 24 percent said 2010. The poll was conducted Oct. 25-28 for the Reno Gazette-Journal and Channel 2 News by Maryland-based Research 2000. The poll had an error margin of 4 percentage points.

Atlantic City, New Jersey (AP) - Lately, the luck has been all bad for Atlantic City's 11 casinos. Last week alone, a major casino developer put a USD 2 billion Boardwalk project on indefinite hold, and the city's newest and most successful casino laid off 400 workers. And Donald Trump had to knock USD 46 million off the price of one of his casinos in order to salvage a deal to sell it to someone else.

Bloomington, Indiana -- Indiana's typically resilient gambling industry is taking a beating from the nation's economic downturn. The gambling industry has been considered somewhat recession-proof, but the state's wagering tax and admission tax revenues declined in fiscal year 2008 compared with the previous year, according to the Indiana Gaming Commission.

Casino companies’ earnings are plummeting by double digits. Debt costs are rising and customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few smaller operators are already close to bankruptcy. But could giants like MGM Mirage and Harrah’s Entertainment be next? The breathtaking series of Wall Street failures and Washington bailouts of recent months suggests anything is possible - even spectacular failures in Las Vegas.