Vol. 8 • No. 14 • April 12, 2010 - Print This Issue
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Vol. 8 • No. 14 • April 12, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Buy Low, Sell High
Two events last week make it clear that investors who want to take advantage of small moves in stock prices must be aware and move quickly.
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WEEKLY FEATURE: Seminole Pact A Done Deal
All that’s left is ratification of the two-part gaming compact, which will give casino-style card games to five tribal casinos for five years, and slots to all seven casinos for 20 years. Seminole Chairman Mitchell Cypress (l.) says it’s been a “long journey.”
Resorts AC on the Brink
As Atlantic City staggers under 21 percent year-over-year losses, New Jersey’s first casino tells commissioners it may not continue as “a going concern.” A better revenue season is upcoming and officials hope to survive through the summer.
Indian Country Gathers in San Diego
The debut of NIGA’s Indian Gaming ’10 brought together more than 5,000 attendees in San Diego, highlighted by awards, entertainment and business. NIGA Chairman Ernie Stevens (at far left), orchestrates the trade show’s ribbon cutting with dignitaries that included NCAI Chairman Jefferson Keel, former Senator Ben Nighthorse Campbell, actor Adam Beach and former UCLA basketball star Bill Walton.
Massachusetts Speaker Wants Casino Vote This Week
Surrounded by union members and business leaders, Massachusetts House Speaker Robert DeLeo (l.) last week released details of his bill that would allow two resort casinos and four racinos. He wants a quick vote on the bill.
MGM’s Pansy Problem
Three states are reviewing their approval of the MGM Mirage-Pansy Ho partnership in Macau after New Jersey rejects the deal and accuses Pansy of being too closely linked to her father, Stanley Ho (l.), who state regulators claim to be connected to organized crime.
France Opens Online Market
The French online gaming market is about to transform from a closed duopoly to an open and licensed commercial arena, just in time for the 2010 World Cup. The more prepared foreign operators have already made their plans with local partners.
Philippines Development Hits Controversy
The huge PAGCOR project to create a gaming and entertainment capital near Manila is moving ahead. But it should come as no surprise that in a society where the wealthy and powerful have close ties, some observers are critical of the proceedings. Enrique Razon Jr. (l.), a recent addition to the project, is being accused of being a crony of Philippine President Gloria Macapagal-Arroyo.
Armenia Redraws Gaming Guidelines
Armenia has decided to follow the Russian example of relocating its casino and slot industry from major population centers to less immediately accessible areas. However, Armenia is not Russia. The distances involved are between 60 and 170 kilometers from the capital, and the towns are fully functioning, well-known resorts.
Global Gaming Business Podcast: Ken Jolly, Executive Vice President and General Manager, Aruze Gaming Americas
This week, the Global Gaming Business Podcast features a discussion with Ken Jolly, the executive vice president and general manager, Australia, Asia, Africa and Europe for Aruze Gaming Americas, on the growth prospects in his region.