Vol. 8 • No. 47 • December 6, 2010 - Print This Issue
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Vol. 8 • No. 47 • December 6, 2010, Featured Articles, GLOBAL GAMING BUSINESS PODCASTS
GLOBAL GAMING BUSINESS PODCAST: The Management Team of Bally Technologies
This week, the Global Gaming Business Podcast features an interview with a group of executives from Bally Technologies, including President and CEO Dick Haddrill (l.), on why they believe that their company is poised to become the leader in the slot manufacturing sector.
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When Dick Haddrill took over as chairman at Bally Technologies, the company’s stock was trading at around $7. Today, it’s going for almost $40, and this has happened during what has to be the worst gaming economy that anyone has ever seen. But Haddrill will be the first to admit he didn’t do it alone. People like COO Gavin Isaacs, Systems VP Ramesh Srinivason, marketing VP Dan Savage and others on this podcast have all contributed immensely to Bally’s surge. And it’s not just games. Innovations like a creative and flexible slot platform, extensive slot systems, and compelling themes puts Bally Technologies on the tipping point to becoming the slot leader. These executives gathered in person and on the phone at Bally’s offices in Las Vegas with Global Gaming Business Publisher Roger Gros and Editor Frank Legato in October.
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WEEKLY FEATURE: Illinois Gouges Gaming Again
The Illinois Senate has passed a bill that would increase the number of casinos in the state by two thirds and allow slot machines at racetracks. The House has yet to weigh in on the issue. The governor, Pat Quinn (l.), is skeptical.
Catcalls for Catskills Plan
New York Governor David Paterson is roundly panned for his decision to tout a tribal casino in Sullivan County. Critics say it could endanger existing casinos and the coming Aqueduct racino (l.).
Sands China Denied Right to Develop Final 2 Macau Parcels
The last two sites that Sands China had planned to develop to complete its Cotai Strip dream were taken away last week when the Macau government refused permission to the company for parcels 7 and 8. Construction on parcels 5 and 6 (l.) continues.
Packer Seeks Cooperation from Australian Government
Crown Limited held its annual meeting the last day of November. CEO James Packer (l.) made a strong, fact-based case for why the Australian government would do well to start working with its casino resort industry.
Florida Ruling Could Trigger Gaming Expansion
Judge says legislature can approve slots anywhere in Florida, and voter approval is not necessary. Ruling could lead to slot expansion in 21 parimutuels, including Tampa’s Derby Lane (l.), in addition to the five that currently offer slots and threaten the pact recently reached between the state and the Seminole tribe.
Pinnacle Buys Ohio’s River Downs Racetrack
The purchase of Cincinnati’s River Downs racetrack (l.) puts the company in position to benefit from future legalization of video lottery terminals at Ohio racetracks. Pinnacle will develop the property as a unique gaming destination if VLTs are legalized.
House Reps: Reid Has ‘Secret’ Plan for Online Gambling
Three members of the House of Representatives have accused Senate Majority Leader Harry Reid (l.) of trying to attach an amendment legalizing online gaming to a bill that would definitely get passed.
Gomes Resorts Purchased Approved
New Jersey gaming regulators approved the sale of Resorts Atlantic City to former gaming executive Dennis Gomes (l.) and New York real estate giant Morris Bailey. A “Roaring 20s” theme is promised to follow.
Fight Over Fix?
California Senator Dianne Feinstein (l.) is proposing legislation that would clarify the Carcieri v. Salazar Supreme Court decision, but make it much more difficult for tribes to acquire off-reservation land for gaming purposes.
FANTINI’S FINANCE: Weighing the News
Positives and negatives still describe the U.S. economy, but when it comes to gaming, the positives are starting to outweigh the negatives.