Vol. 8 • No. 9 • March 8, 2010 - Print This Issue
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Vol. 8 • No. 9 • March 8, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Rating the Recoveries
Regional casinos post best numbers in months, giving hope that the mid-American casinos will return soon rather than later. The same cannot be said, however, of the slot manufacturers. Hope that the long touted replacement cycle would begin in 2010 is slowly fading.
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WEEKLY FEATURE: Compromise Possible for Seminoles, Florida
A proposed gaming compact could be amended to include an escape clause for Florida, allowing the state to get its hands on millions from the tribe. Governor Charlie Crist (l.) has urged both sides to seek a resolution.
Genting Hitting Stride in Singapore
Analysts believe that Resorts World Sentosa, the first casino to open in Singapore, is winning between $7 million and $8 million a day, easily meeting levels that would make the parent company, Malaysia’s Genting, comfortable.
No Casinos for Hawaii
Island state rejects two bills that would have established casinos in Hawaii, one of only two U.S. states that don’t offer any form of gaming. One would have opened a single casino in the Waikiki area of Honolulu (l.).
Commercial Casinos On the Table in Michigan
The Racing to Save Michigan and Michigan Is Yours groups are petitioning to place two constitutional amendments on the November 2 ballot that would allow more casinos to be built in the state, including at the Detroit Airport (l.).
B-I-N-G-O in Brazil
Lower house affirms intention to vote on the legalization of bingo, which will then need Senate confirmation. The government is not opposing the measure at this time because it may put the illegal bingo halls (l.) out of business.
Kentucky Mulls Skill Games
Just as it seemed no gaming bill would pass the Kentucky legislature, a bill introduced last week would allow electronic games of skill including video poker, blackjack and Instant Racing machines (l.) at state racetracks.
GLOBAL GAMING BUSINESS PODCAST: Patti Hart, President & CEO, IGT
This week, the Global Gaming Business Podcast features an interview with Patti Hart, the president and CEO of IGT, on her year at the helm of gaming’s largest slot manufacturer and technology company.
Chile Casinos Affected by Earthquake
The new casino-resort industry of Chile suffered mixed degrees of damage in the recent earthquake there. Although reports on the extent of damage are still coming in, in general only a few properties seem to have been seriously affected, including the casino at left.
Wynn Details Philly Plans
Casino mogul Stephen Wynn presents his case to Pennsylvania regulators for his proposed takeover of the Foxwoods Philadelphia project. Foxwoods’ original plan (l.) will no longer be used.
Accor to Sell Stake in Barriere Casinos
One of the top five hotel operators in the world, Accor is getting out of the casino business. The move comes just one year after the company spent money it probably shouldn’t have to build its stake in casino operator Lucien Barriere, which includes the casino at Biarritz (l.).
Tropicana Sale Closes in Atlantic City
Billionaire investor Carl Icahn officially takes over the Tropicana casino and hotel (l.) with an interim gaming license from the state of New Jersey.