Vol. 8 • No. 32 • August 16, 2010 - Print This Issue
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Vol. 8 • No. 32 • August 16, 2010, Featured Articles, WEEKLY FEATURE
WEEKLY FEATURE: PAGCOR Going Private?
Philippine businessman offers $10 billion for the PAGCOR casinos, as the nation’s new president, Benigno Aquino III, ponders the sins of the previous administration and the privatization of the federally owned corporation. PAGCOR Chairman and CEO Cristino L. Naguiat, Jr. (l.) is currently investigating licenses and contracts entered into in the past 10 years.
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Frank Legato is editor of Global Gaming Business magazines. He has been writing on gaming topics since 1984, when he launched and served as editor of Casino Gaming magazine. Legato, a nationally recognized expert on slot machines, has served as editor and reporter for a variety of gaming publications, including Public Gaming, IGWB, Casino Journal, Casino Player, Strictly Slots and Atlantic City Insider. He has an B.A. in journalism and an M.A. in communications from Duquesne University in Pittsburgh, PA. He is the author of the humor book How To Win Millions Playing Slot Machines... Or Lose Trying, and a coffee table book on Atlantic City, Atlantic City: In Living Color.
More Featured Articles
Genting Posts Astounding Singapore Numbers
The casino owned by Genting Bhd in Singapore, Resorts World Sentosa (l.), has blown all revenue estimates out of the water with its second quarter report.
A Third Try for Kansas’s Sumner County
Kansas is trying for a third time to pick a developer to build and operate a state-owned casino in Sumner County. Last week the county commission heard from three applicants.
Feds Prefer Cascade Locks, Oregon for Casino
The final environmental impact statement by the Bureau of Indian Affairs for the Confederated Tribes of the Warm Springs application to put land into trust for a casino has identified the town of Cascade Locks on the Columbia River Gorge (L.) in Oregon as the best site.
Ameristar Up For Sale
U.S.-based gaming company hires an investment bank to weigh options on a sale of the company, while results from its Black Hawk, Colorado, casino (l.) are improving.
Reid Key to Passage of Online Gaming Bill
The bill that would regulate online gaming in the U.S. has finally escaped subcommittee and is headed to the House and Senate. But supporters believe it will need the seal of approval from Nevada Senator Harry Reid (l.) in order to cross the finish line alive.
Parrott to Hall of Fame
The AGA has announced that the late Tim Parrott, former CEO of Shuffle Master and Aristocrat Technologies, will be inducted into the Gaming Hall of Fame at G2E in November.
Australia’s Tabcorp Shifts Focus to Casinos
Australian gaming concern Tabcorp and CEO Elmer Funke Kupper (l.) seem intent on making the best of a bad situation. Facing the loss of non-casino slot revenue after 2012, the multi-sector operator is focusing on its casino business.
FANTINI’S FINANCE: Group Hug
Is business travel going to be the first harbinger of an improved environment in Las Vegas? Some of the numbers suggest it is.