Vol. 8 • No. 10 • March 15, 2010 - Print This Issue
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Vol. 8 • No. 10 • March 15, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Bounce From Bottom
At the one-year anniversary of the stock market’s worst gaming slide in history, we take a look back on the past year and discover that not everyone has bounced back and where the value still is.
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WEEKLY FEATURE: Hard Rocking in Canada & Ohio
The government of Saskatchewan wants a new stadium for the Saskatchewan Roughriders football team (current stadium at left), and the Seminole tribe of Florida has stepped up to commit to the project, which would include a hotel and casino. In Ohio, the tribe is the front-runner in winning a management contract that will give it oversight on the two casinos that will be owned by Cleveland Cavaliers owner Jeff Gilbert.
IPO Lining Up For MGM, Ho
MGM Mirage Chairman & CEO James Murren (l.) announced that the IPO for MGM Mirage’s and Pansy Ho’s Macau gaming operations will be ready to go by the third quarter, and plans to sell bonds are also in place. A key component, the settlement of the New Jersey demand to drop Ho or withdraw from the state, has been arranged.
Massachusetts Speaker to Roll Out Casino Bill in April
Massachusetts House Speaker Robert DeLeo and Governor Deval Patrick (together at left) appear headed on a collision course over the issue of racinos vs. casino resorts as the speaker began introducing elements of his proposed bill, although he has postponed filing it until April.
AG, Not Governor, Rules Alabama Gaming
That's the word from a circuit court judge, who says Alabama Attorney General Troy, not Governor Bob Riley, is in charge of patrolling gaming activity in the state. The judge also scolded King for failing to control Riley's anti-gaming raiders.
Bermuda to Debate Casinos
A so-called “green paper” titled “Gaming in Bermuda” has been delivered by Bermuda Premier Ewart Brown (l.) to be debated by lawmakers this coming July. This may be the pro-gaming premier’s last chance to get casinos through the legislature.
GLOBAL GAMING BUSINESS PODCAST: Eric Tom, Executive Vice President of Sales and Marketing for North America, IGT
This week, the Global Gaming Business Podcast features a discussion with Eric Tom, IGT’s executive vice president of sales and marketing for North America, on how he plans to rebuild the market share that IGT enjoyed for so many years.
Iowa Guv Pushes New Casinos
Voters in four Iowa counties have legalized casino gambling, and Governor Chet Culver (l.) is pushing the state’s gaming commission to approve licenses for the counties in order to create jobs and expand the state’s economy.
Indiana’s Centaur Files for Bankruptcy
Centaur, an Indiana company that owns casinos in Colorado and Indiana, has filed bankruptcy. The company plans to sell one of its properties, Fortune Valley Hotel & Casino in Central City, Colorado, but will keep open the Hoosier Park racetrack (l.) in Indiana, and concentrate its efforts on racinos and racino development.