Vol. 9 • No. 16 • April 25, 2011 - Print This Issue
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Vol. 9 • No. 16 • April 25, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Regional Returns
The Mid-America and mid-cap gaming companies are on a roll. Improved results, expansion and better margins may make these companies one of the best buys in the industry.
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WEEKLY FEATURE: Online Outcomes
“Black Friday,” the day of the indictment of three online poker sites, has had an immediate impact on everyone involved—and those not. The companies immediately lost market share, gained by their competitors. The federal government released the websites but only to allow the company to refund money to players. The land-based industry pulled back from its online competitor. And legislation to legalize online poker at the federal level has stalled.
Singapore Set to Overtake Strip
Singapore continues to impress industry analysts with its ability to book ever-increasing gaming revenue. With the exception of one or two potential stumbling blocks, the two integrated resorts there are on course to surpass the Las Vegas Strip this year.
London Bid Is Being Challenged
The awarding of a new London casino license to Aspers Group is being challenged in court. The new large casino as defined under the 2005 Gaming Act is intended to promote regeneration of an area, but competing bidder Great Eastern says the regeneration aspect of the Aspers plan falls short.
Sands Bethlehem Previews Hotel
The Sands Casino Resort in Bethlehem, Pennsylvania, conducted a tour of the hotel it will open in May. Facilities include several restaurants as well as the first Italian outlet opened by star chef Emeril Lagasse (l.).
Atlantic City Tourism District Approved by CRDA
The new state-sponsored tourism district is seen as the first step on Atlantic City’s road to recovery. The boundaries outlined at a board meeting last week include the entire Boardwalk, the Marina District, Bader Field and some of the back bay waterfront.
Casino at Nassau Coliseum?
That’s the word from insiders, who say the Shinnecock tribe could build an off-reservation gaming hall at the sports arena, plus one closer to home in the Hamptons.
Philippines IR to Be Bigger
The Philippines integrated resort project Belle Grande Manila Bay is now expected to open in the second half of 2012 rather than the fourth quarter of 2011. The developer says the delay is needed to expand the size of the project, given the positive results exhibited by Singapore.
Boom for Wynn Macau, Vegas
The first-quarter numbers are impressive, with a 46 percent spike in Macau, and a 24 percent increase in Las Vegas. Shares are now valued at $1.30—over 22 cents in 2010. Wynn and Encore Las Vegas revenues were up 24 percent.
Adelson To Receive 2011 G2E Asia Visionary Award
Las Vegas Sands Chairman and CEO Sheldon Adelson will receive a prestigious aware at G2E Asia in June in recognition of his contributions and development of gaming in Asia.
GLOBAL GAMING BUSINESS PODCAST: Rob Goldstein, President of Global Gaming Operations, Las Vegas Sands
This week, the Global Gaming Business Podcast features an interview with Rob Goldstein, the president of global gaming operations for Las Vegas Sands on new position with the company and its oversight of all the company’s properties.