Vol. 8 • No. 13 • April 5, 2010 - Print This Issue
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Vol. 8 • No. 13 • April 5, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Paying Dividends
It’s a rarity for gaming companies to pay dividends to shareholder, but that may change as successful companies look for ways to create value for their investors.
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WEEKLY FEATURE: Bay State Bonanza
The long-awaited gaming expansion bill of Massachusetts House Speaker Robert DeLeo was announced last week, setting up the possibility of an epic battle between the Speaker and Governor Deval Patrick (both pictured at left).
China In, Morgan Stanley Out at Atlantic City Casino
Beijing-based Export Import Bank may have the deep pockets necessary to fund what’s left of Atlantic City’s only ongoing casino construction site, Revel. But one day after the report on the possible investment was made, principal financer Morgan Stanley announced it would sell its ownership.
Dark Clouds Over Macau
Allegations of organized crime connections arise after a murder trial in Hong Kong implicates a top VIP operator. And government restrictions continue to grow. In addition to a cap on casino development to those projects already approved, the Macau government will limit the expansion of table games for the next three years.
Updated Online Gaming Bill Proposed
The Internet Gambling Regulation and Tax Enforcement Act, sponsored by Washington Rep. Jim McDermott (l.), would share 6 percent of tax revenue collected from online gambling sites with state and tribal governments.
Vancouver Gets C$450 Million Project
The billion-dollar project may be a thing of the past, but Vancouver, Canada is going ahead with plans for a downtown casino-hotel complex for around C$450 million.
CityCenter Faces Lawsuit
Perini Building Co. has accused CityCenter and its owners of failing to pay for construction work done on the multibillion-dollar project, shown at left during the height of construction.
Golf Tourney Set to Benefit NCRG
JCM Global, the American Gaming Association and the Association of Gaming Equipment Manufacturers are hosting a golf tournament at Harrah’s Entertainment’s exclusive Cascata golf club (l.) in Boulder City, Nevada, with hopes to raise nearly $100,000 for the National Center for Responsible Gaming.
GLOBAL GAMING BUSINESS PODCAST: Kent Young, General Manager of Aruze Gaming America
This week, the Global Gaming Business Podcast features an interview with Kent Young, the general manager of Aruze Gaming America, on how his company expects to become one of the top slot manufacturers in the next few years.
Bingo Hot Potato for Brazil
As Brazil’s legislature nears its long-awaited vote on the legalization of bingo, governmental departments are laying out their cases as to why they should not be involved in the oversight of the anticipated industry.
Seneca Litigation Moves Forward
A U.S. District Court judge says an anti-gaming group in Erie, New York, can plead its case to end gaming at the Buffalo Creek Casino (l.).