Vol. 9 • No. 15 • April 18, 2011 - Print This Issue
RSS 2.0 Feed
Vol. 9 • No. 15 • April 18, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: WMS Hits a Rough Patch
A weak first quarter and warnings about future earnings have sunk the price of WMS shares, creating speculation about other slot companies and the future of that supplier sector.
The remainder of this article is not available.
To see the rest of the article you may:
- Pay for a Premium subscription to this publication
More Featured Articles
WEEKLY FEATURE: Pennsylvania Goes to the Woods
Pennsylvania has chosen Nemacolin Woodlands, the Fayette County resort, as the winner of the final Category 3 resort-class casino license, which authorizes up to 600 slots and 50 table games. The Isle of Capri will create and manage a Lady Luck casino (l.) near the resort itself. The victory means that Gettysburg won’t get a casino on the week of the 150th anniversary of the start of the Civil War.
MGM’s Macau Move
In a surprise announcement, MGM Resorts revealed that it would become the majority owner of MGM Grand Macau. Partner Pansy Ho (l.) will put her own equity into the previously announced IPO, which will reduce her holdings in the company by about half. MGM will buy 1 percent from her and the investing public will own the remaining equity.
Kerkorian Steps Down From MGM Board
Gaming legend Kirk Kerkorian last week announced he was stepping down from the board of MGM Resorts. Kerkorian, 93, is founder of the company and has been instrumental in developing the casino giant into the worldwide force it is today.
Washington, D.C., Nevada Move Online Gambling Bills
The District of Columbia has approved a budget that allows the state-run lottery to offer a poker website within its borders, becoming the nations first jurisdiction to allow online gaming. But the site could run into trouble against murky federal legislation and other obstacles. In Nevada, a bill legalizing intrastate online poker was approved by an Assembly committee.
William Hill Buys Into U.S.
The British sports betting giant buys two Nevada companies, giving William Hill a dominant position running dozens of sports books in the state. The company also buys America’s first mobile sports betting platform.
Caesars Cuts Deal with Massachusetts Track
Caesars Entertainment last week reached a deal with Suffolk Downs Raceway (l.), near Logan Airport in Boston, to build a $600 million gaming entertainment center. Meanwhile, the speaker of the Massachusetts House indicated that he is open to compromise on the issue of racinos in order to make gaming legislation happen in the Bay State.
Senators Want to Limit ‘Fix’
Senators Jon Kyl (l.) and Dianne Feinstein want to make it harder for tribes to put land into federal trust if the land isn’t near the tribal homeland.