Vol. 8 • No. 42 • November 1, 2010 - Print This Issue
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Vol. 8 • No. 42 • November 1, 2010, Featured Articles, GLOBAL GAMING BUSINESS PODCASTS
GLOBAL GAMING BUSINESS PODCAST: Cathy Walker, President & CEO, Seneca Gaming
This week, the Global Gaming Business Podcast features an interview with Cathy Walker, the president and CEO of Seneca Gaming on the premier gaming operation in northern New York state.
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This week, the Global Gaming Business Podcast features an interview with Cathy Walker, the president and CEO of Seneca Gaming on the premier gaming operation in northern New York state.
Cathy Walker became president and CEO of Seneca Gaming in July. Before taking the top position, Walker was appointed the COO of the organization in 2008, responsible for the day-to-day operations of the company. Prior to joining Seneca Gaming, she held executive positions with Trump Entertainment and Player’s Island Casino. She started her career as assistant general counsel for the New Jersey Casino Control Commission for 13 years. At Seneca, Walker operates a company that operates three casinos in the Buffalo-Niagara Falls area of New York. She talks about the economic and political challenges of operating in New York, as well as operational concerns. She spoke with Global Gaming Business Publisher Roger Gros from her office in Niagara Falls in September.
Roger Gros is publisher of Global Gaming Business, a the industry’s leading gaming trade publication, and all its related publications. Prior to joining Global Gaming Business, Gros was president of Inlet Communications, an independent consulting firm. He was vice president of Casino Journal Publishing Group from 1984-2000, and held virtually every editorial title during his tenure. Gros was editor of Casino Journal, the National Gaming Summary and the Atlantic City Insider, and was the founding editor of Casino Player magazine. He was a co-founder of the American Gaming Summit and the Southern Gaming Summit conferences and trade shows. He is the author of the best-selling book, How to Win at Casino Gambling (Carlton Books, 1995), now in its fourth edition. Gros was named “Businessman of the Year” for 1998 by the Greater Atlantic City Chamber of Commerce.
More Featured Articles
WEEKLY FEATURE: Mid-Term Mayhem
While the results of the 2010 mid-term elections in the U.S. will have an impact on the direction of the Obama administration, gaming will also feel a real effect in many states and in the Congressional results. One of the most crucial races for gaming features the survival of Senate Majority Leader Harry Reid (l.).
Genting Breaks Ground in the Big Apple
And they're off. Malaysian gaming giant Genting has officially begun construction of Resorts World at Aqueduct racetrack in Queens. It will be the first gaming hall inside New York City. New York Governor David Patterson and Genting Chairman K.T. Lim smash cement blocks at the ceremony (l.). At the same time, a report by the inspector general finds major irregularities in the selection process that preceded the Genting victory.
Strong Reports From Las Vegas Sands Cause Surge
Higher-than-expected revenues in both Singapore and Macau last week gave gaming stocks with an Asian connection a boost, particularly Las Vegas Sands and Sands China that began the rush with their third quarter reports. Marina Bay Sands (l.) performed especially well.
€26 Million Project for Luxembourg Casino 2000
Luxembourg’s sole casino (l.) has been entertaining residents and visitors to the regional tax haven since 1983. The property is receiving a modern, multi-use addition designed to appeal to an upscale crowd.
Illinois Lawmakers May Expand Gaming After Election
Lame duck lawmakers in Illinois may further expand gaming in the state after the November 2 election, according to reports. And this even before the already approved VLTs are installed at state bars, restaurants and convenience stores. Governor Pat Quinn (l.) opposes the measure, as does his opponent in this week’s election.
Penn National: Swap Perryville for Laurel?
The CEO of Penn National Gaming says he would consider selling the operator’s Perryville, Maryland casino (l.) if necessary to launch a casino at Laurel Park racetrack.
FANTINI’S FINANCE: Sounding the All Clear?
It may be too early to declare the war is over, but recent revenue reports have at least indicated that the bottom has been reached.
Analysts Applaud Debt Reduction
MGM Resorts and Boyd Gaming are getting high marks on Wall Street for their ongoing efforts to reduce debt and raise profitability. MGM is looking to refinance debt accumulated with the building of CityCenter (l.).