Vol. 8 • No. 7 • February 22, 2010 - Print This Issue
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Vol. 8 • No. 7 • February 22, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Regional Reaction
Regional casinos were able to withstand the early stages of the recession much better than destination resorts. But now that economic woes have visited the heartland, how profitable can they remain?
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WEEKLY FEATURE: Aqueduct ‘Scandal’ Simmers
State and federal inquiries will look at the closed-door deal, which losing bidders and the Senate minority leader say was the result of political favoritism. A Queens congressman says criticism of the multi-billion-dollar deal was sparked by racism. New York Senate Minority Leader Dean Skelos (l.) wants a public hearing.
Hong Kong Court Issues Groundbreaking Credit Ruling
Wynn Resorts (Wynn Macau, left) has won a case in a Hong Kong court that establishes the principal that Macau casinos can legally collect a gambling debt in that jurisdiction.
New Jersey VLT Battle Shaping Up
As the governor charges a panel to seek solutions to save racing, a top lawmaker vows to kill any attempt to add slots to New Jersey racetracks. Senate President Steve Sweeny (l.) spoke before the Greater Atlantic City Chamber of Commerce last week.
Choctaws Open Oklahoma Casino Resort
The opening of the new $300 million Choctaw Casino Resort in Durant, Oklahoma was celebrated last week with a ribbon cutting and a lighting of the flames on the Towers and Fire Rings sculpture at the casino’s entrance.
Melco Crown Closes Door on Casino #3
Melco Crown Entertainment receives refund on land it bought to build its third casino in Macau’s Peninsula area near the Macau ferry terminal (l.), effectively closing the door on any new casino.
Casino MonteLago to Close at Lake Las Vegas
The only gaming facility in Las Vegas’ upscale Lake Las Vegas community has announced its plans to close, just one week after neighboring hotel Ritz-Carlton Lake Las Vegas said it plans to shut its doors.
New E.U. Attitude on Gaming Matters Envisioned
After years of inaction punctuated only by seemingly conflicting European court rulings, the E.U. appears to have found an internal market commissioner, Michel Barnier (l.), willing to get his hands dirty.
Michigan Tribal Chair Dies
Less than one year after opening a casino that had been decades in the make, Laura Spurr, the tribal chairwoman of the Nottawaseppi Huron Band of the Potawatomi Indians, dies of a heart attack.
Guyana Princess Opening Soon
Guyana is getting its first five-star hotel along with its first official casino, thanks to the 2006 law that legalized casinos inside new hotel projects of 150 rooms.
GLOBAL GAMING BUSINESS PODCAST: Barry Shier, Managing Principal, The Partner House
This week, the Global Gaming Business Podcast features a discussion with Barry Shier, the managing principal with the Partner House, an independent management firm located in Las Vegas, on the former Wynn executive’s views of the gaming industry today.