Vol. 8 • No. 5 • February 8, 2010 - Print This Issue
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Vol. 8 • No. 5 • February 8, 2010, Featured Articles, UNITED STATES GAMING
Big Win at Big A
The selection of Aqueduct Entertainment Group to operate the VLTs at the New York City racetrack has more to do with community ties than anything else, according to Larry Woolf (l.), the Las Vegas casino executive who will manage the gaming operations.
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WEEKLY FEATURE: New Day in New Jersey
New Jersey’s new governor, Chris Christie, appoints 7-member commission to study declines and possible mismanagement in gaming, sports and entertainment. Recommendations are due June 30.
Hawaii Eyes Gaming
In an effort to lure tourists in a bad economy, a Hawaiian legislator proposes a stand-alone casino in Waikiki (l.). Revenues would be dedicated to Native Hawaiians. The Michigan company that owns Detroit’s MotorCity Casino is interested.
First Licensed Casino Opens in Russia
They said no one would be willing to open a casino in one of the undeveloped Russian gambling zones. But as usual, someone has chosen to defy popular opinion and do just that. It might not be Las Vegas, but it’s a start.
Macau Scores Record—Again
January revenues in Macau hit a new high again. Following four months of dramatically increased revenues, January’s numbers were up more than 50 percent over the same month the year before. SJM continues to control market share, as new casinos like Oceanus (l.) perform well.
MGM Grand Looks at Sale of Borgata
Company values Macau partnership more than New Jersey operations. Sources say MGM could remain in Atlantic City if New Jersey regulators ease scrutiny of its Chinese business partner.
Choctaw Chief Martin Passes
One of the great leaders in Indian Country, Philip Martin, longtime chief of the Mississippi Choctaw tribe, died last week after suffering a massive stroke.
FANTINI’S FINANCE: Brutal Realism
Rosy forecasts are a thing of the past as the recession reaches the mid-American casinos and executives are cautious.
St. Regis Mohawks Approve Catskills Casino
Second vote could change the future for New York tribe, which could create up to 3,000 jobs for members with a $500 million casino resort at Monticello Raceway, which is supported by U.S. Senator Charles Schumer (l.).
Germany Site of Latest Mega-Rumor
Another large casino-resort-entertainment center proposal has appeared, this time for one of the former East German states. Driving the project is an experienced international developer of retail centers for the region, but will the expertise translate—and the financing be available?
GLOBAL GAMING BUSINESS PODCAST: Kim Sinatra, Senior Vice President and General Counsel, Wynn Resorts
This week the Global Gaming Business Podcast features and interview with Kim Sinatra, the senior vice president and general counsel for Wynn Resorts, on her long career on the legal side of the gaming industry.