Vol. 8 • No. 6 • February 15, 2010 - Print This Issue
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Vol. 8 • No. 6 • February 15, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Government Gambles
From a crusading governor in Alabama to a overachieving gaming commission in Missouri and beyond, the interference of the government and its agencies into business actions of casino companies and their service companies can have dire consequences.
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WEEKLY FEATURE: Brother Vs. Brother in California
The issue of internet poker is dividing Indian gaming tribes in California, where a senate committee heard testimony on the proposal. Proponents, like Morongo Chairman Robert Martin (l.), believe that internet gaming will pass them by if they don’t legalize, regulate and tax the activity soon.
MGM To Exit Atlantic City
Questions about the suitability of MGM Mirage’s Macau partner Pansy Ho were raised by the New Jersey Division of Gaming Enforcement last year in a report that recommends rejection of the joint venture. Now, rather than fighting what it previously deemed as incorrect, MGM Mirage will sell its interest in the Borgata (l.) and walk away.
Jamaica Ready for Casino Bill
The Jamaican parliament is ready to start debating the long-awaited casino gaming bill. With a draft scheduled to be submitted this week, there are still a couple of potentially deal-breaking issues to be examined.
Hawaii Gaming Bills Advance
As one of the two states in the U.S. that doesn’t allow any forms of gaming, Hawaii is taking a serious look at the industry by considering two bills in the legislature. Rep. Jon Riki Karamatsu (l.) authored a bill that would permit one casino in Oahu.
Finland Monopolies Going Online
Finland is getting ready to compete with non-native online gaming operators, thanks to a recent amendment to the gaming license of the nation’s only land-based casino and slot operator.
GLOBAL GAMING BUSINESS PODCAST: Nick Casiello, Partner, Fox Rothschild, Atlantic City
This week, join the Global Gaming Business Podcast for an interview with noted gaming attorney Nick Casiello, a partner with the Atlantic City branch of the Fox Rothschild law firm, about his career and the challenges facing Atlantic City in the current economic climate.
Two California Gaming Tribes Sue State
Tribes are lining up to sue the state of California, which for years tried to limit the total number of slot machines that could be deployed in the state, which prevented the tribes, they say, from making all the money they were entitled to make. The Black Oak Casino (l.), owned by the Tuolumne Band of Me-Wuk Indians, is one of the first to sue.