Vol. 10 • No. 7 • February 20, 2012 - Print This Issue
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Vol. 10 • No. 7 • February 20, 2012, Featured Articles, ASIAN GAMING
Genting Eyes Second Vietnam IR
Malaysia’s Genting Group has proposed an integrated resort project for Vietnam’s northernmost coastal province, which borders China. The Malaysian firm’s second Vietnam project has the attention of the prime minister, who has ordered the proposal to be studied by several ministries and a report completed by the end of February. Prime Minister Nguyen Tan Dung (l.) has ordered a review of the project.
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WEEKLY FEATURE: Ohio Opens
The Ohio Casino Control Commission has finally set a date for when the state’s first casino will open: May 14. On that date the Horseshoe Casino Cleveland (l.) will be the first of the state’s four casinos approved by voters to begin operation, followed two weeks later by Penn National Gaming’s Hollywood Casino Toledo.
SEC to Question Wynn in Okada Dispute
As a result of a lawsuit filed by Japanese billionaire Kazuo Okada (l.), the Securities and Exchange Commission has launched an inquiry into a $135 million charitable donation to the University of Macau. And the first court decision concerning the battle between Wynn Resorts Chairman Steve Wynn and former Vice Chairman Okada could be interpreted as a win or loss by both sides. Time will tell.
New Hampshire Gaming Bill Eyes Four Casinos
Amendments have been added to bill HB593, which would increase the number of gaming licenses in New Hampshire from two to four. The bill envisions two large and two smaller casinos, with a combined total of 14,000 slot machines and 420 table games. Supporters argue that expanded gaming in the state is essential to create jobs and stave off competition from Massachusetts and Connecticut, but opposition to the bill is heavy in the House and Governor John Lynch (l.) has pledged to veto it.
Bloomberry Manila Wants More Land
The Bloomberry resort being built at Entertainment City Manila is requesting more land from project initiator PAGCOR. The move comes at the same time as Enrique Razon Jr. (l.) is completing the circuitous route of taking the casino resort venture public.
March Date for Cyprus Casino Study
Cyprus continues to wrestle with the issue of whether or not to license casinos. The latest effort comes from a suggestion by the finance ministry as it seeks measures to stimulate growth and increase revenue. But the ruling party and President Demetris Christofias (l.) remain opposed to the move.
GLOBAL GAMING BUSINESS PODCAST: Tim Wilmott, President and COO, Penn National Gaming
This week, the Global Gaming Business Podcast wraps up a two-part series with an interview with Tim Wilmott, the president and COO of Penn National Gaming on how he brought his Harrah’s experience to bear on the company to direct its impressive growth.