Vol. 8 • No. 21 • May 31, 2010 - Print This Issue
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Vol. 8 • No. 21 • May 31, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: When Up is Down
What’s happening in the financial markets? Where is the economy going? Are your investment dollars safe in gaming stocks? Or should you think about new strategies?
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WEEKLY FEATURE: Eastern Attitude
The East Coast Gaming Congress calls for private-sector cooperation and public-sector marketing to bring industry out of recession. Speakers focus on Atlantic City, Pennsylvania, Ohio and New England, as well as the overall health of the industry.
Las Vegas Sands Snares Playboy for Macau; Awards Construction Contracts
The iconic men’s magazine brand, Playboy, will come to Macau after all now that a deal has been cemented between the company and Las Vegas Sands for a club in the Sands Macao casino hotel and a mansion to be located in one of the Cotai Strip properties. And the same week, the company signed contracts worth $120 million to resume construction of Parcels 5 and 6.
Harrah’s Buys Ohio Track—Again!
After the first purchase collapsed, Harrah’s Entertainment once again bought the Thistledown racetrack, outside of Cleveland, at a steep discount.
Support High for Tribal Casino in Massachusetts Town
Support is high in Fall River, Massachusetts for a proposal by the Mashpee Wampanoag tribe and Chairman Cedric Cromwell (l.), which won approval last week from the Fall River Redevelopment Authority for its proposal to build a casino on 300 acres that had been designated a BioPark.
Delaware Kicks Off Table Games
Midway Slots at Harrington Raceway became Harrington Raceway & Casino last week, as Harrington became the first Delaware racino to launch live table games.
GLOBAL GAMING BUSINESS PODCAST: Michael Boettcher, Founder and President, Storm International
Michael Boettcher, the founder and president of Storm International, was the leading player in the Russian gaming industry prior to its shutdown at this time last year. His post-Russia plans are interesting and provocative.
NYRA: We'll Close June 9
The organization that runs racing at Aqueduct, Belmont Park and Saratoga (l.) says New York state has only days to come up with $17 million in loans to keep the ponies running.