Vol. 9 • No. 21 • May 30, 2011 - Print This Issue
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Vol. 9 • No. 21 • May 30, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Asian Action
Any forward thinking gaming company must consider Asia. The hottest growth region in gaming, Asian players continue to dominate the market, and operators and suppliers need to have a presence there.
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WEEKLY FEATURE: State of the East
The 15th annual East Coast Gaming Congress examines an industry poised to begin recovery after years of recessionary woes. Issues discussed impact jurisdictions from Massachusetts to Florida and New Jersey to Ohio. (View video of ECGC at end of article).
Pinnacle Buys Into Vietnam
Pinnacle Entertainment last week reached an agreement with Asian Coast Development Ltd. to invest in and manage the second of the company’s integrated resorts planned for the Ho Tram Strip in Vietnam. It is Pinnacle’s first foray into the Asian gaming market. ACDL is currently building its first IR on Ho Tram, MGM Grand (r.).
Landry’s Officially Takes Over Trump Marina
Landry's Inc. has been approved as the new owner of the Trump Marina in Atlantic City. Tilman J. Fertitta, Owner, Chairman and CEO of Landry’s, Inc., has completed the $38 million purchase. Renovations to the property, which is being re-branded the Golden Nugget, have already begun.
Tabcorp Casino Demerger Vote Nears
Australia could have a new casino operator by the start of the second week of June. The demerger of Tabcorp’s casino division into the entity Echo will begin trading on June 6 if a vote is successful on June 1.
Lawsuit Would Payments to State
The U.S. Supreme Court may review a lawsuit pursued by a Southern California tribe to limit the ability of state governments to squeeze money out of gaming tribes. The suit by the Rincon Band, which owns Harrah’s Rincon (l.) , could impact many other states.
Big Wheels on the Strip
In the race to bring giant Ferris wheel attractions to the Las Vegas Strip, one developer has county approval but no money; another has the money but no government OK.
GLOBAL GAMING BUSINESS PODCAST: Gamal Aziz, President, MGM Hospitality
This week the Global Gaming Business Podcast features an interview with Gamal Aziz, the president of MGM Hospitality, on the growth of the non-gaming arm of MGM Resorts International.