Vol. 8 • No. 44 • November 15, 2010 - Print This Issue
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Vol. 8 • No. 44 • November 15, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Tenor of the Times
The bells and whistles at G2E are always the important part, but the one thing attendees bring home with them is the atmosphere and how the industry is faring.
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WEEKLY FEATURE: Hail Caesars
The IPO that Harrah’s Entertainment announced last month will bring almost $500 million to the company and a new name: Caesars Entertainment.
Sri Lanka Passes Gaming Bill
Sri Lanka is the latest south Asian nation to legalize casinos. Situated off the southern tip of India and 1,700 miles from Singapore, the former war-torn island is looking to grow its tourism industry with gaming.
Illinois Tracks Pin Hopes on Slots
Racing industry reps want slots at tracks, but Illinois Governor Pat Quinn (l.) says gambling is not the path to prosperity. Is Quinn serious? Some question his commitment to no gaming expansion if there is money to balance the state budget in it.
Russian Gambling Zone Moves to Populated Area
The first official modification of Russia’s 2009 gambling ban has been approved by the Duma. The “gambling zone” status of the undeveloped Rostov region has been removed and transferred to the vicinity of Anapa, a popular seaside resort in the Krasnodar region. It’s still not Moscow, but at least there are roads and electricity.
Michigan Tribe Reflects on What Went Wrong With Greektown
When the Sault Ste. Marie Tribe of Chippewa Indians opened the Greektown Casino in downtown Detroit, Michigan, they seemed to have all the cards. But it only took a few years before they had to fold and declare bankruptcy. Some members are trying to figure out why.
Macau Hitting Records, Bracing For Problems
While Macau is now producing gaming revenues more than four times that of the Las Vegas Strip, some ominous signals could mean trouble for the Chinese Special Administrative Region. Some are questioning the regulated commission payments to VIP operators and speculating that some operators are stepping through loopholes.
Pascal Out at Wynn
Effective December 1, Wynn Las Vegas President Andrew Pascal (l.) will be replaced by Harrah's Entertainment Regional VP Marilyn Winn.
Davenport Moving Ahead with Downtown Casino
City officials approve a $75 million downtown casino development agreement. Now it’s up to Isle of Capri to sell the license to its Rhythm City riverboat facility (l.) in Davenport.
GLOBAL GAMING BUSINESS PODCAST: National Indian Gaming Commission Chairwoman Tracie Stevens and Commissioner Dan Little
This week, the Global Gaming Business Podcast features an interview with National Indian Gaming Commission Chairwoman Tracie Stevens and Commissioner Dan Little on their first few months in office.