Vol. 7 • No. 33 • August 31, 2009 - Print This Issue
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Vol. 7 • No. 33 • August 31, 2009, Featured Articles, FANTINI'S FINANCE
FANTINI'S FINANCE: Slot Makers Looking Up
With the legalization and/or expansion of gaming in many different states and jurisdictions, the big beneficiaries should be the slot manufacturers. Despite a spooky upcoming month, there are two companies that are poised to make big strides: Aristocrat and Konami.
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WEEKLY FEATURE: And Then There Was One
Three rival casino developers, including Lakes Entertainment Chairman Lyle Berman (l.), have thrown in with each other to put together a more financially viable bid to build a state-owned casino for the South Central Zone of Kansas.
Crown Down, Not Out
Australia-based Crown Limited certainly took its share of the economic beating last year. The aggressive overseas expansion that began in 2006 may have turned out to be, in the words of Crown CEO Rowen Craigie, “ill-timed,” but good results at home, including flagship Crown Melbourne (l.), may hold the key to salvation.
LV Sands Begins Hong Kong IPO
Las Vegas Sands last week took the first step that would enable the company to spin off part of its Macau operations into an IPO, which could jumpstart the company’s stalled Cotai Strip development (l.).
California Must Permit 10,000 More Slots
The state has been digging its heels for nearly ten years to try to avoid issuing another 10,000 slot machine licenses to California’s gaming tribes. However a federal judge says it has to lift its feet.
Issue 3 and Ohio’s 4
Now that ballot language is nearly approved for Issue 3, which would authorize four regional casinos in Ohio, including one in Cleveland (l.), the battle can begin between Ohio Jobs and Growth Plan, which supports it, and TruthPAC, which opposes it.
World Poker Tour Sold to PartyGaming
After settling a dispute with the U.S. Department of Justice in April, PartyGaming made its first major move in the U.S. announcing the acquisition of WPT Enterprises Inc. and virtually all of its assets.
Foxwoods Carrying Too Much Debt
The Mashantucket Pequot Tribe of Connecticut is looking at restructuring some $2.3 billion in debt that it is carrying. Revenue from the tribe's Foxwoods Resort Casino can only support about $1.3 billion in debt, a tribal adviser stated.
GGB PODCAST: Lawrence Ho, Chairman, Melco Crown Entertainment
This week, the GGB Podcast presents an interview with Lawrence Ho, the president of Melco Crown Entertainment, one of the largest casino operators in Macau, taped in Macau in June.