Vol. 8 • No. 33 • August 23, 2010, Featured Articles, GLOBAL GAMING BUSINESS PODCASTS
GLOBAL GAMING BUSINESS PODCAST: Rob Wyre, General Manager, Isle of Capri Casino and Pompano Park Racetrack
This week, the Global Gaming Business Podcast features an interview with Rob Wyre, the general manager of the Isle of Capri Casino in Pompano Park racetrack in Florida, on the effects of the just-passed tax reduction that was linked to the Seminole tribe’s gaming compact with the state.
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Rob Wyre has a long history in gaming, starting in Las Vegas and going through many jurisdictions across the country. From Minnesota, to Mississippi, California to Indiana, Wyre has seen it all. At Isle in Pompano, he’s competing against the huge Seminole Hard Rock Casino Resort just a few miles away with about 1,500 slot machines and poker. Table games are not permitted but the onerous tax rate of 50 percent has recently been reduced to 35 percent so Wyre’s operations are expected to be even more profitable. Always a good operator, Wyre was awarded a corporate honor of having the most improved finances in the company. He spoke with GGB Publisher Roger Gros at his offices in Pompano Park in Florida in August.
More Featured Articles
WEEKLY FEATURE: M Resort on Block in Vegas
Poor financial performance in a down economy and a failure of the neighborhoods surrounding it to grow has caused the M Resort in Las Vegas to fall behind in its debt. Lender Lloyds Banking Group drew a dozen bidders when it put the casino resort up for auction last month.
PAGCOR: Expansion Before Privatization
The chairman of the Philippine Amusement and Gaming Corporation (PAGCOR), Cristino Naguiat (l.), says the corporation’s Entertainment City resort complex in Manila will go forward and that he’s also considering integrated resorts in other cities.
Profitable Gaming Tribe Takes Roll as Banker
When banks turn them down for financing, the court of last resort for many Indian gaming tribes is the Shakopee Mdewakanton Sioux of Minnesota, owners of the Mystic Lake Casino (l.), who have loaned over $200 million in the last two years to fellow tribes.
Genting’s Alleged Double-Dealing
Former head of Empire Resorts claims top officials at Genting New York operated without a license, and worked against his company’s best interests. Joseph Bernstein includes former Foxwoods CEO Mickey Brown (l.) in his accusations.
LV Sands' Leven Opens Up
In a Macau talk show, LV Sands President and COO Michael Leven (l.) discusses the good things the company has done in Asia—and the not so good.
Triple Threat Killing Irish Clubs
Ireland is in the process of reviewing ways to renew its obsolete gaming laws, but progress has been slow. Now, with government hurting due to the economy, a new attempt to wring taxes from existing private gaming casinos, like the Fitzwilliam Casino in Dublin, is proving too much for the ailing industry.
First Woman Leads Mohegan Tribe in 300 Years
After nearly 300 years, the Mohegan tribe will once again see a female take the role as chief.
FANTINI’S FINANCE: Fire Sale?
Ameristar has waited almost four years since the passing of its founder, Craig Neilsen, to put itself on the market. Was it a gamble to wait so long?