Vol. 8 • No. 16 • April 26, 2010 - Print This Issue
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Vol. 8 • No. 16 • April 26, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI'S FINANCE: Quarterly Concerns
The big Vegas operators are experiencing different pressures, opportunities and challenges. Hints about how they performed during the first quarter are often confusing.
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WEEKLY FEATURE: Changing His Tune?
Senate Majority Leader Harry Reid (l.), the man who controls the gaming issues in the United States, is reportedly in negotiations to introduce a bill that would legalize online poker in the United States.
Good Morning Vietnam
The Ho Tram Strip mega-pipe-dream project just took a giant step toward reality with the appointment of MGM Mirage veteran Lloyd Nathan as CEO of developer Asian Coast. With financial backing supposedly in place, the first property could be up and running in 2013.
Pinnacle’s Sugarcane Project Sinks
Pinnacle Entertainment has long been developing the Sugarcane Bay riverboat casino project, adjacent to the L’Auberge du Lac casino resort (l.), but recently decided that the casino is no longer financially viable for the company.
Cirque Takes On Michael Jackson
Michael Jackson’s music will be paired with the acrobatic stylings of Cirque du Soleil in 2011, when the Canadian troupe takes a new Jackson show on the road. The tour will find a permanent home in Las Vegas in 2012.
California Governor Slapped by Appeals Court
Governor Arnold Schwarzenegger last week suffered the latest in an unbroken string of federal court rebukes for the aggressive way that he has pursued revenue from Indian casinos. This time he was slapped down by the 9th Circuit Court of Appeals. However, he says he’ll “be back.”
MGM Seeks Name Change
Though the ‘Mirage’ in MGM Mirage may disappear from the company’s name, officials said the resorts will not be for sale. Rather, MGM Resorts International better reflects MGM’s business strategy.
GLOBAL GAMING BUSINESS PODCAST: John Berrey, Chairman, Quapaw Tribe
This week, the Global Gaming Business Podcast features and interview with John Berrey, the chairman of the Quapaw Tribe of Oklahoma, on the development and operation of the tribe’s Downstream Casino in the northeastern corner of the state.
Station Reorganization Plan Causes Controversy
Station Casinos hopes that its reorganization will be approved May 4, but Boyd Gaming and a group of unsecured lenders are concerned that the plan unfairly benefits the Fertitta family, including patriarch Frank Fertitta (l.).
Betfair Positioning for Possible £1.5 Billion IPO
The creator of the online betting exchange product, Betfair, is expected to go public sometime next year. Considering that revenues and profits have continued to climb even over the past three difficult years, the IPO should attract its share of interest.