Vol. 9 • No. 12 • March 28, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Time to Buy LV Sands?
Questions about the company’s actions in light of the firing of Sands China CEO Steve Jacobs last year have impacted the share price. Is it low enough to buy now?
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WEEKLY FEATURE: New Taiwan Islands Eye Casinos
The islands of Matsu is considering holding a referendum that would permit casinos to be built on the islands, very close to the Chinese mainland. Kinmen Island, also near the mainland, is also considering a casino vote.
Shangri-La Pulls Hotel Brand on Cotai
The deal to develop and brand a Shangri-La hotel at the Cotai site owned by Las Vegas Sands is over by mutual agreement. Parcels 5 and 6 are under construction and the company insists they will open by the end of the year, albeit in a phased manner.
Tabcorp Names Future Casino Division
Australia’s Tabcorp is on track for a demerger of its casino business from the rest of its gaming and wagering activities. If all goes as planned, a new company called Echo Entertainment Group Ltd will be operating the four formerly Tabcorp casinos, including Jupiters on the Gold Coast, by this coming summer.
Macau-Hong Kong Bridge Funded
One of the biggest public projects in the world will now get started because a consortium of banks have agreed to begin funding a bridge that will connect Macau with Hong Kong and the Chinese province of Zhuhai. The Macau terminus at left.
Europe Seeks Online Gaming Answers
The European Union is finally getting serious about finding an answer to the online gaming question. As more E.U. member states devise their own unique legislation to govern the sector, and more challenges end up in the European Court, the move is being welcomed but warily by the industry.
€300 Million Dublin Casino Proposal Outlined
There are some 70 proposals for casinos sitting inside closed file drawers in Ireland. One such that has come to light involves a €300 million investment in Dublin at Spencer Dock, where the Irish Convention Center is located (l.). A potential hiccup: the company that proposed the plan has almost a billion euro in bad debts with the government’s bailout agency.
Aqueduct Casino Delays Opening
The highly anticipated racino at the Aqueduct racetrack, Resorts World operated by Genting New York, will open months later than first planned, but with 900 more video lottery machines.
Gaughan Sues Oklahoma Tribe
Las Vegas gaming company Gaughan Gaming, led by gaming legend Michael Gaughan (l.), is suing the Tonkawa Indians of Oklahoma for cancelling its contract to operate the tribe’s two casinos last year.