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Vol. 7 • No. 46 • December 7, 2009, Featured Articles, FANTINI'S FINANCE

FANTINI'S FINANCE: The Talk Is Over, the Walk Begins

Sun, Dec 06, 2009

Discussion about the fate of CityCenter moves from the speculation phase to reality as the first element of the nation’s most costly private development ever launches in Las Vegas.

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By Frank Fantini

Frank Fantini
Frank Fantini is the editor and publisher of Fantini’s Gaming Report. A free 30-day trial subscription is available by calling toll free: 1-866-683-4357 or online at www.gaminginvestments.com.

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WEEKLY FEATURE: Kansas Continues

Penn National Gaming and its partners get the OK for casino at Kansas Speedway (l.). A company that wants to build a casino in Kansas’s Southeast Gaming Zone last week was told by the Kansas Lottery Gaming Facility Review Board that it lacks both the financial wherewithal and the experience to carry out the task.

Harrah’s Plans To Purchase Planet Hollywood

Months after buying up $140 million of Planet Hollywood’s defaulted debt, Harrah’s Entertainment is now making a larger overture: submitting an application to take over the struggling resort.

Macau Growth Continues

Macau third-quarter revenue figures continue upward trend. Hong Kong IPOs encourage renewed construction (Galaxy Macau at l.). And the Chinese government gives the SAR approval to add more than 3 kilometers of undersea land to its area.

Hearing Considers Frank’s Internet Gaming Bill

Experts gather to discuss a bill legalizing and regulating internet gaming, proposed by Rep. Barney Frank (D-Massachusetts). Harvard professor Malcolm Sparrow (l.) releases a study that points out regulation not prohibition is the best way to control internet gambling.

Tribes Hang on Obama Decision

Two years ago the Department of the Interior adopted policies that make it very difficult for gaming tribes to locate casinos more than “commuting distance” from their reservations. Tribes all over the country are anticipating an announcement from Ken Salazar (l.), the secretary of Interior, that might change that.

Mixed-Use Mega-Project Proposed for Ireland

The trend towards large leisure centers that combine family-oriented attractions with casino gaming continues, this time in Ireland. The project’s developers are hoping for a future where Irish law will allow more than the current private-club model of gaming.

Binion’s To Close Hotel

Benny Binion’s legacy is in trouble as his namesake casino, Binion’s Gambling Hall & Hotel in Downtown Las Vegas, plans to shutter its hotel rooms beginning December 14.

Hard Rock Brand Coming to the Caribbean

Management at Hard Rock International has come up with a way to expand the brand into the Dominican Republic even in these times of tight credit. A licensing agreement with a proven operator there will give Hard Rock its newest casino resort.

Illinois Governor: Let's Look at Racinos

As dozens of communities opt out of video lottery machines at restaurants and bars, Illinois Governor Pat Quinn (l.) and lawmakers are looking for other ways to fund capital improvements.

Dubai Debts Focus of Regulators

Just weeks after issuing Dubai World a license for its 50 percent ownership interest in CityCenter (l.), Nevada regulators are looking at the financial implosion of the company that was revealed two weeks ago.

Game Design Legend Fiore Dies

Pioneering slot game designer Rich Fiore, whose credits include designs for IGT’s Megabucks and a wealth of work for Sierra Design Group, is dead at 50.

GLOBAL GAMING BUSINESS PODCAST: Sunder Advani, Chairman and Managing Director, Advani Hotels & Resorts India

This week, the Global Gaming Business Podcast features an interview with Sunder Advani, the chairman and managing director of Advani Hotels & Resorts India, on his role in developing the first casino operation in India’s Goa state and where the industry is headed in one of the world’s most populous nations.

Tables for Charles Town

On the second try, voters in West Virginia’s Jefferson County easily pass a measure permitting table games to be added to Charles Town Races & Slots.