Vol. 9 • No. 17 • May 2, 2011 - Print This Issue
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Vol. 9 • No. 17 • May 2, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Where Are We Headed?
Earnings season always bring some indicators about where the industry is going, halfway through, confusion reigns. But maybe there’s some light peeking through the clouds.
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WEEKLY FEATURE: Whistling Past the Graveyard?
Online gaming companies are playing down the impact of last month’s indictment of the big online poker sites, but it has clearly put a damper on plans to move a federal bill to legalize online gaming, although Congressman John Campbell (l.) says he’ll push forward with his bill. But will that encourage states to get into action? And what of the tribal desires to have a seat at the table?
Ohio Casinos Get No Respect
Penn National Gaming Inc. held a groundbreaking for its Columbus, Ohio casino that wasn’t attended by any officials from that city. And the Horseshoe Casino in Cincinnati (l.) won’t open until 2013 at the earliest due to the uncertainty being produced by Governor John Kasich’s desire to increase the money casinos pay to the state.
LV Sands Piles on Jacobs
Former Sands China President Steve Jacobs (l.) got it from Las Vegas Sands with both barrels last week in the increasingly vitriolic confrontation between the two parties. The company filed a counterclaim against Jacobs, taking the dispute to a new level.
Australia Slots Battle Gets Noisy
The question of whether or not to impose a mandatory pre-commitment system for all non-casino slot machines in Australia is inspiring attacks from all sides of the issue. Prime Minister Julia Gillard (l.) may buckle under to a demand from a key Tasmanian legislator.
Texas Faces Gaming Deadlines
The Texas legislature is considering two bills, Senate Joint Resolution 34 and House Joint Resolution 112, to expand gambling in the state. One plan would allow horse and dog tracks where parimutuel betting occurs to offer slot machines, and another proposal would allow eight “destination casinos” to be developed across the state. But time is running out, as a May 12 deadline looms.
IGT Sells Barcrest; Sets DR Deal; Profits Up
International Game Technology announces it is selling its British Barcrest subsidiary and a deal with a company for distribution in the Dominican Republic, after beating the estimates of analysts with a healthy profit for the second quarter.
GLOBAL GAMING BUSINESS PODCAST: Patrick Ramsey, Chief Executive Officer, Multimedia Games
This week, the Global Gaming Business Podcast features an interview with Patrick Ramsey, the CEO of Multimedia Games, on why his company has become one of the major players in the slot market.