Vol. 7 • No. 36 • September 28, 2009 - Print This Issue
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Vol. 7 • No. 36 • September 28, 2009, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: The Battle of the Bulls & Bears
There is good and bad news about the current state of the gaming economy and it’s come down to a debate between the bull and the bear.
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WEEKLY FEATURE:Off-Rez Gaming Gets Boost
The Obama administration has indicated that it may look favorably on regulations that would permit an expansion of off reservation casinos, reversing a policy that was established during the Bush administration. But Senate Majority Leader Harry Reid (l.) objects.
At the Table in Pennsylvania
After receiving word that Governor Ed Rendell (l.) will sign a bill to legalize table games to close the budget deficit, Pennsylvania lawmakers are crafting legislation to make it happen.
Back to the Boom?
With record August numbers, relaxed visa restrictions, new casinos and highly anticipated IPOs, Macau is back! Or is it? Stanley Ho’s newest casino, L’Arc (l.) opens in this hopeful atmosphere, while Steve Wynn explains his Hong Kong IPO.
Ohio’s Supreme Slapdown
The ruling last week by the Ohio Supreme Court that Governor Ted Strickland’s plan to turn the state’s seven racetracks, including River Downs (l.), into racinos, and fill nearly a $1 billion budget hole requires approval by the voters next year puts its chances behind that of a four-casino resort regional plan offered to voters in November, experts say.
Maryland Grants First Racino License
A state commission has approved a license for Ocean Downs near the Maryland shore to become the state’s first racino with an initial 800 slots.
Gran Scala Start to End of 2009
When the project leaders of Spain’s Gran Scala received their legal footing in July, it looked like things were about to swing into high gear. Apparently, developing a plan that meets the demands of the new law is proving to be more time consuming than originally thought.
Seminole Compact Looking Doubtful
Business groups add their opposition; conversation turns to breaks for parimutuels, including Gulfstream Park (l.) in Broward County.
Mr. Las Vegas Returns to Trop
Tropicana executive Alex Yemenidjian recently announced that longtime friend Wayne Newton, the epitome of Las Vegas entertainment, will begin a residency at the Tropicana’s Tiffany Theater in October.
GGB PODCAST: Robert DeSalvio, President, Sands Bethlehem Casino
This week, the GGB Podcast features an interview with Bob DeSalvio, the president of the Sands Bethlehem Casino in Pennsylvania on the first six weeks of operation of his property.
Las Vegas Legend Bob Stupak Dies
Creator of the Stratosphere and Vegas character, Stupak’s passing marks the end of an era when the showman was the centerpiece on the Las Vegas Strip.
Uncharted Territory
Defaults in Indian Country make lenders nervous and have revealed the complexities and personalities of transactions with tribes. Most recently, Michael Thomas (l.), chairman of the Mashantucket Pequot tribe, was put on leave after nearly defaulting on a tribal loan.