Vol. 8 • No. 23 • June 14, 2010 - Print This Issue
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Vol. 8 • No. 23 • June 14, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: It’s Not Over Until It’s Over
If the gaming industry recession is behind us, what can we expect from the different sectors and how will it be seen?
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WEEKLY FEATURE: E.U. Court OKs Dutch Online Ban
In two separate cases, the European Court of Justice has ruled that the Netherlands is allowed to stop online gaming operators from offering their products to Dutch citizens, as long as the goal of the preventive action is to combat illegal activity and safeguard the public.
France Is Open
Last week saw regulator ARJEL award the first free-market licenses to online horseracing and sports betting operators other than the two traditional French monopoly organizations.
Station Bondholders File Appeal
Unsecured creditors in the Station Casinos bankruptcy case have filed an emergency stay in the auction process for 11 Station casinos, including Texas Station (l.), while their appeal of the bidding is heard.
Paulson Invests in Harrah’s
John Paulson first acquired stakes in MGM Mirage and Boyd Gaming; now the investor has purchased a 9.9 percent stake in Harrah’s Entertainment.
Slots Purchased for Penn’s Maryland Casino
The state of Maryland’s Board of Public Works approved a deal to buy and lease 1,062 slot machines for Penn National Gaming’s Hollywood Casino Perryville in Maryland.
GLOBAL GAMING BUSINESS PODCAST: Jonathan Galaviz, Managing Partner, Galaviz & Company
In the first video Global Gaming Business Podcast, gaming analyst Jonathan Galaviz discusses the impact of the Singapore casinos and how they will improve the life of all Singaporeans.
Vietnam Wants Quality Investment
The economy in southeastern Vietnam is transitioning from an industrial base to a service sector geared to international tourism, as represented by the Ho Tram Strip development (l.). But a lack of clarity regarding foreign investment rules and leftover central bureaucracy could gum up the works.
Eric Tom Named COO for IGT
IGT appoints Eric Tom as chief operating officer, promoting him from vice president of marketing. The company also announces the departure of two more longtime IGT executives, Tony Ciorciari and Paulus Karskens.
Panama Expecting More Casinos
Panama, and especially Panama City, continues to grow as a regional center for casino gaming (the Venuto casino at left). Another five casino proposals have been presented to the national gaming board.
Foxwoods President Resigns
Michael Speller makes his exit after 18 months; William Sherlock (l.) will take the helm pending a replacement.