Vol. 7 • No. 38 • October 12, 2009 - Print This Issue
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Vol. 7 • No. 38 • October 12, 2009, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Buckeye Bets
Referendums are never a sure thing—just look at what happened in Taiwan last month—and in Ohio, casino votes are surely a toss up.
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WEEKLY FEATURE: 10,000 Slots More Slots in California
Despite efforts by California’s Governor Arnold Schwarzenegger to postpone a court order until he can appeal it in February, the Ninth Circuit Court of Appeals last week ordered the California Gambling Control Commission to begin issuing over 10,000 slot machine licenses that the state had maintained it didn’t have to issue. Fantasy Springs in Indio (l.) was one of the first to apply.
Trump Versus Bondholders, Round II
Bankruptcy judge tells opposing sides to work out a deal to avoid further litigation; Donald Trump and Beal Bank offer additional $14M to bondholders, with Trump Marina (l.) up for sale.
September Good in Macau
Winning streak hits three months as Macau gaming revenue increases after a long decline, benefitting operators like Lawrence Ho (l.), but jobs are still down.
Singapore Casinos Plot Their VIP Strategies
With tight regulations and competition from other jurisdictions, the attraction of VIPs to the two Singapore casinos has been regarded as something of a crapshoot. But clarity is beginning to emerge as the casinos near completion, as Marina Bay Sands adds its topside Sky Park (l.).
Skibine Takes Over at NIGC
George Skibine, a temporary replacement, takes the chairman’s office at the National Indian Gaming Commission, replacing Phil Hogen, who retired last month after six years on the job.
Pennsylvania: Table Trouble
Operators are up in arms over a state House bill that would raise the tax on proposed table games to 34 percent, impose $20 million license fees for each casinos, and change the rules for resort casinos.
House Bill Joins Senate Bill To ‘Fix’ Carcieri Decision
Now Senator Byron Dorgan’s bill to “fix” the U.S. Supreme Court’s “Carcieri” decision has a friend: a companion bill by Oklahoma Rep. Tom Cole (l.) , introduced last week.
GGB PODCAST: Robert Faiss, Partner, Lionel Sawyer & Collins, Las Vegas
This week, the GGB Podcast features an interview with Bob Faiss, a partner with Lionel Sawyer & Collins, Las Vegas, and one of the leading gaming attorneys in Nevada and all the gaming industry.
Vendors Join Operators in Mexico
In a bid to relax the Mexican gaming laws, a group of gaming manufacturers has joined with operators in an attempt to permit Class III gaming devices at the nation’s gaming halls.
Challenges in the East
The second annual Eastern European Gaming Summit and Balkan Entertainment & Gaming Expo reflects the region’s economic challenges and how operators plan to address them.