Vol. 8 • No. 19 • May 17, 2010 - Print This Issue
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Vol. 8 • No. 19 • May 17, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: April Showers
The up-and-down nature of casino revenues may be with us for a while, as players stayed home in April after a strong March. Could gas prices be part of the reason?
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WEEKLY FEATURE: Big A; Here We Go Again
This time, the New York Lottery will decide who runs a racino at Aqueduct Racetrack. It's the fourth round of bidding in nine years under three administrations. And now NYRA, the state racing organization, which operates the famous Saratoga racetrack (l.), may sue because it’s not getting revenue from Aqueduct slots.
U.S. Virgin Islands OKs Slots and VLTs
The law allowing slot machines at the Randall “Doc” James racetrack (l.) on St. Croix in the Virgin Islands has been signed by the governor. However, an adjustment to the law will be needed to head off potential problems of jurisdiction concerning VLTs on St. Thomas.
Report: Singapore Gamblers More Local Than Hoped
Unofficial reports from Singapore indicate that gamblers at the two casinos are made up of more locals than the government initially wanted to see. Residents of the city-state must visit the casino via a separate entrance and pay a levy.
Sands China Eyeing Japan?
A recent Reuters article has Sands China CEO Steve Jacobs (l.) speculating about his company’s intentions on entering Japan, should the government decide to legalize casino gaming.
GLOBAL GAMING BUSINESS PODCAST: Michael Leven, President and COO, Las Vegas Sands Corp.
This week, the Global Gaming Business Podcast features a discussion with Michael Leven, the president and COO, of the Las Vegas Sands Corp., which was conducted just prior to the opening of the company’s newest integrated resort, the Marina Bay Sands in Singapore.
Cherokees Plan Casino
North Carolina tribe plans to acquire 800 acres in Cherokee County for new project, which could break ground this year and open in 2011. The Eastern Band of Cherokee Indians already operates Harrah’s Cherokee (l.) in the Smokey Mountains.
Iowa’s Lyon County Gets Casino
After months of debate, the Iowa Racing and Gaming Commission has approved a gaming license for Lyon County’s $120 million casino and golf course project. Kehl Management, which operates Iowa’s Riverside Casino (l.), will be the owner.
'Boutique' Casinos Pass Jersey Committee
In Atlantic City, smaller casinos are one step closer to reality as the bill, introduced by former Atlantic City Mayor and now state Senator Jim Whelan (l.), passes 5-0. Measure now goes to the Senate.