Vol. 8 • No. 48 • December 13, 2010 - Print This Issue
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Vol. 8 • No. 48 • December 13, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Two Little Words
Globalization and the internet are the two most powerful forces in gaming today, linking the industry in every corner of the world.
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WEEKLY FEATURE: Jersey Junk
The bill that would create a tourism zone in Atlantic City operated by the state, not the city, and other benefits for the city’s casino industry are sidelined by the attempts of several North Jersey politicians to include racetrack bailouts in the measures. Atlantic County Senator Jim Whelan is trying to get it passed.
Carcieri Fix Passes House
A bill that would reverse a Supreme Court decision that limited the growth of off-reservation tribal gaming passed the House last week as a rider to a spending bill. Meanwhile, Senator Dianne Feinstein wants to halt all off-reservation gaming. Her “Carcieri fix” includes very strict regulation for taking land into trust for gaming purposes.
Diversity in Macau Bad for Gaming?
Questions about the Macau government’s attitude toward the continued growth of the gaming industry continue to increase. Some analysts point to the failure to provide Sands China with its previously reserved parcels 7 and 8. Chief Executive Fernando Chui (l.) has made economic diversification one of the cornerstones of his administration.
Illinois Moves Forward with Gambling Expansion
State Senate passes bill to triple gaming capacity in light of a projected $15 billion budget shortfall. Opponents say the state risks gaming saturation. The newly themed Hollywood Casino Joliet (l.) would be impacted significantly by any gaming expansion.
Australian Slots Regs Now Political Bargaining Chip
Australia’s state governments have generally been allowed to design and implement their own gaming regulations. But a fragile political situation with the election of Prime Minister Julia Gillard (l.) has the current national government ready to throw away that tradition in order to shore up support from one apparently crucial, independent MP.
Minnesota Looking To Expand Gambling
Governor-elect Mark Dayton (l.) supports a casino at Mall of America, and some legislators support a racino. The push is on to expand state-sanctioned gambling in light of a $5.8 billion budget deficit.
Tropicana Will Sell Mississippi Riverboat Casino
Carl Icahn’s company said there’s too much competition in Vicksburg, Mississippi, so he’s selling the Horizon Vicksburg (l.). The purchaser is Gateway Gaming of South Carolina, a developer of downloadable gaming content and a offshore cruise ship casino.
Sands Falls to Third in Macau
Las Vegas Sands and its Venetian Macao (l.), the perennial number-two company in terms of market share in Macau after SJM, dropped a notch last month when Wynn Resorts claimed the second spot, dropping Sands China to third.