Vol. 10 • No. 4 • January 30, 2012 - Print This Issue
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Vol. 10 • No. 4 • January 30, 2012, Featured Articles, ASIAN GAMING
Galaxy Not Worried About Sands Latest
Francis Lui, the co-chairman of Galaxy Entertainment, says that he’s not worried about the upcoming opening of Cotai Central, Sands China’s newest project, because Galaxy Macau is a “complete” property.
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WEEKLY FEATURE: Battling Bills to Buck Ban
Sports betting is the hot topic in New Jersey as two congressmen, Rep. Frank Pallone and Rep. Frank LoBiondo (l.), have each unveiled legislation that would amend the 1992 federal ban. Following a new law that allows for sports wagering at Atlantic City casinos if the federal ban is overturned, Pallone’s bill would aim to make New Jersey exempt from federal restrictions, while LoBiondo seeks to give all states the right to opt out of the federal ban.
PAGCOR 2011 Revenue Hits $850 Million
Philippine gaming operator and regulator PAGCOR posted record revenue from both areas of activity in 2011. Chairman and CEO Cristino Naguiat (l.) believes success will continue as the Entertainment City Manila projects come online.
Report: California Tribes Plan Online Poker
Last week, rumors spread that one or more California tribes are preparing to launch an online poker site before either the federal or state governments pass a bill. Meanwhile, a hearing has been announced for the he Senate Committee on Indian Affairs for February 9 to consider how tribes will participate in the online gaming industry.
Massachusetts: Don’t Expect Quick Action on Casinos
Don’t expect to see Bay State casinos being approved for at least a couple of years says the state’s top gaming regulator, Stephen Crosby. The contemplative new chairman of the Massachusetts Gaming Commission is still mulling exactly “what is the public good” and how his job relates to that.
$245 Million Casino Coming To Lansing?
Plans for a $245 million, 125,000 square foot casino in downtown Lansing, Michigan recently were announced by the Sault Ste. Marie Tribe of Chippewa Indians and the mayor. The casino is projected to earn $250 million in annual gross revenues and provide 1,500 permanent jobs, according to Sault Tribal Chairman Joe Eitrem (l.).
Madrid Leaders Like LVS Proposal
Sheldon Adelson (l.) is looking to move ahead with his project to create a Las Vegas Strip in Spain. The political leaders in one of his favored locations, the Madrid region, have come out supporting the plan. But Adelson’s demanding regulatory quid pro quo is almost certain to inspire political opposition.
‘Three’ Bidders for Austrian Casino Packet
The opening of the Austrian casino market has begun. Sort of. The Finance Ministry has received three bids for the first bundle of six licenses, which bundling is being protested by Novomatic, the parent of two of the bidders.
Pennsylvania Passes New Jersey
Pennsylvania has eclipsed New Jersey as the No. 2 gaming jurisdiction in the United States, second only to Nevada, with more than $3 billion in revenue last year. Sands Casino Resort Bethlehem is the state leader.
FANTINI’S FINANCE : Pennsylvania 6-5000
No, it’s not a phone number but it could be the revenues of one of the state’s casinos. The reports of the state’s casinos exceeding the Atlantic City revenues are misleading and may even be bogus.
GLOBAL GAMING BUSINESS PODCAST: Sean Lanni, Executive Director, International Business Development, MGM Resorts
This week, the Global Gaming Business Podcast features an interview with Sean Lanni, the executive director for international business development, for MGM Resorts on his role in the company and the influence his father, the late Terry Lanni, had on his professional career.