Vol. 8 • No. 37 • September 27, 2010 - Print This Issue
RSS 2.0 Feed
Vol. 8 • No. 37 • September 27, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Warren Buffett Holds On To Recession
Although the recession might technically be over, the pain still remains, particularly in the gaming industry and its jurisdictions. When will it end for them?
The remainder of this article is not available.
To see the rest of the article you may:
- Pay for a Premium subscription to this publication
More Featured Articles
WEEKLY FEATURE: Frank Bill Doomed
The first internet gaming bill to clear any committee of the U.S. Congress appears hopelessly mired as members approach the month-long break for the upcoming elections. No Senate co-sponsors can be lined up for a companion bill sponsored by Senator Robert Menendez (l.). Prospects in the subsequent “lame duck” session also appear dim.
Penn Goes Texas
Penn National Gaming buys pieces of three parimutuel tracks in Texas in hopes that the state legislature will revisit gaming legalization in the next session that begins in January.
Pequot Problems
Foxwoods Casino is not setting a good example as far as lenders are concerned. Many worry that the Indian casino’s defaulting on some of its interest payments and delay in paying other payments could be a harbinger for other Indian casinos. Former Pequot Chairman Michael Thomas (l.) says “my people are not equity.”
U.S. Eyes Macau Problems
As more American companies become involved in Macau, the U.S. government plans to meet with them to discuss some of the other “issues” outside of the huge gaming revenues. Consul General Stephen Young (l.) has been having an ongoing dialogue with U.S. companies and Macau officials.
Will Golden Nugget Return to AC?
Famous brand would come full circle if Landry's Restaurants acquires the Atlantic City Hilton (l.) , under duress due to plummeting revenues. But a judge allows Colony Capital to retain control of property, even though it hasn’t made a mortgage payment in over a year.
Crunch Time for Canadian Casino
With the lease on the current Edgewater Casino expiring in 2013, the city council of Vancouver, British Columbia is running out of time to decide if a new, bigger casino will be part of the major redevelopment of BC Place (l.).
Dan Lee to Bid on Lake Charles Casino
The commission of the Port of Lake Charles, Louisiana is looking for bids to build a $350 million casino resort and former Pinnacle Chairman Dan Lee wants to do it.
Penn National Maryland Opening On
Penn National Gaming is still targeting September 30 as the opening date for Maryland’s first casino, despite a controversy involving a rival developer in another Maryland location.
GLOBAL GAMING BUSINESS PODCAST: Jamie Odell, Chief Executive Officer, Aristocrat Technologies
This week, the Global Gaming Business Podcast features an interview with Jamie Odell, the chief executive officer of Aristocrat Technologies, one of the leading slot manufacturers in the gaming industry, on the company’s second quarter results and other issues.