Vol. 8 • No. 8 • March 1, 2010 - Print This Issue
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Vol. 8 • No. 8 • March 1, 2010, Featured Articles, ASIAN GAMING
Las Vegas Sands: Singapore Opening April 27
An official opening date has been announced by Las Vegas Sands for Marina Bay Sands, its $5.5 billion project in Singapore. The debut will lag more than two months its chief competitor, Genting’s Resorts World Sentosa.
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Weekly Feature: New Giant for South Africa
Rival South African casino operators Gold Reef Resorts and Tsogo Sun have agreed a merger that will finally see the two combine their considerable assets. Each company brings seven casino resorts to the deal.
Comprehensive U.S. Tax Bill Includes Online Gaming OK
A wide-ranging bill introduced by two senators, Ron Wyden and Judd Gregg (l.), that would reform the American tax structure includes provisions to tax, regulate and legalize internet gaming.
Station Casinos Set to Emerge From Bankruptcy
Station Casinos recently announced that it has reached an agreement with its secured lenders, which could lead to the company’s emergence from bankruptcy this summer, saving its ownership of 12 casinos, including its flagship, Palace Station (l.).
Pennsylvania Power
The Pennsylvania Gaming Congress celebrates three years of success and predicts a new surge with the addition of table games to the state’s casinos. Keynote speaker Philadelphia Mayor Michael Nutter is greeted by Marcel L. Groen, a partner in Fox Rothschild, one of the organizers of the event.
GLOBAL GAMING BUSINESS PODCAST: Andrew MacDonald, Executive Vice President – Casino, Marina Bay Sands
This week on the Global Gaming Business Podcast, hear a discussion with Andrew MacDonald, the executive vice president – casino for Marina Bay Sands in Singapore, immediately after he accepted his new position.
MGM Mirage Gets Critical Debt Extension
Fears that the company will declare bankruptcy to avoid settling huge bond payments in 2011 have eased now that MGM has reached an agreement with major debtors. Analysts say CityCenter (l.) is performing well enough to stave off any deep financial trouble in the near term.
Reorganized Ontario Gaming Organization Not Yet For Sale
Paul Godfrey (l.), the new chairman of Ontario Lottery and Gaming Corp. says he’d buy the organization if he had the money, but it’s not for sale.
Trump, Icahn Face Off in Court
Rival billionaires play Monopoly in their quest to claim three Atlantic City casinos. Each side declares the other is unfit to run the embattled company, now in bankruptcy for the third time.