Vol. 9 • No. 25 • June 27, 2011 - Print This Issue
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Vol. 9 • No. 25 • June 27, 2011, Featured Articles, GLOBAL GAMING BUSINESS PODCASTS
GLOBAL GAMING BUSINESS PODCAST: Ed Tracy, President, Sands China
This week, the Global Gaming Business Podcast features an interview with Ed Tracy, the president of Sands China, on why the appointment of himself and Davis Sisk, the COO of the company, created such success.
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When Sheldon Adelson had enough with the first president of Sands China, Steve Jacobs, he turned to a couple of gaming industry veterans to take the reigns of the company. Ed Tracy, the president and CEO, and Davis Sisk, the COO. Sisk joined after stints with Wynn Resorts and Caesars Entertainment, and Tracy had developed several riverboat and tribal projects in the 1990s following his tenure as president of Trump Hotels and Casinos. Tracy sat down with Global Gaming Business Publisher Roger Gros earlier this month at the Venetian Macao to discuss why the arrival of the two executives has made such a big difference in the fortunes of the company’s Macau properties.
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WEEKLY FEATURE: Congressional Fiat
Two bills that would legalize and regulate forms of internet gaming are introduced in the House. A bill to legalize online poker, introduced by Rep. Joe Barton (l.) would travel a different route and may be a companion bill to one being crafted in the Senate by Majority Leader Harry Reid.
Illinois: Quinn is Mighty
With Illinois’s newest casino set to open next month in Des Plaines, possibly more attention is being grabbed by the effort to give supporters of a huge gaming expansion bill enough time to convince Governor Pat Quinn (l.) to sign it.
Israel Tourism Minister Supports Casino
The annual “Israel should have a casino” statement was delivered recently by Tourism Minister Stas Misezhnikov (l.), who provided no plan for same. Meanwhile, in neighboring Jordan, parliamentarians are about to hear details on their own four-year-old Dead Sea Casino affair.
Switzerland Awards Zurich, Neuchatel Licenses
Swiss federal and local authorities have confirmed the awarding of the nation’s two most recent casino licenses, including the long-awaited Zurich license. Casino de la Rotonde (l.), in Neuchatel, will be operated by FBAM Neuchatel SA. The decisions followed exactly the recommendation of the influential Swiss Casino Commission.
Genting Building Reputation in New York, Florida
Malaysian casino developer Genting is anxious to get its racino up and running in New York City, while at the same time, it lobbies for integrated resorts in Florida, where the company recently bought the home of the Miami Herald (l.) to build an integrated resort. A possible convention center at Aqueduct Raceway is seen as leverage to move to a full-blown casino there.
ICE to Move to ExCeL London
The ICE Totally Gaming trade show will move to the ExCeL London exhibition center beginning in February 2013 after development plans made Earl’s Court an untenable location.
Off-Reservation Casinos Becoming Targets
The Bureau of Indian Affairs is throwing out Bush era rules that made it almost impossible for tribes to put land very far removed from their reservations into trust for gaming purposes, but opponents could torpedo its application. California Senator Dianne Feinstein (l.) vows to oppose any relaxation in the rules.
Wynn Eyes Singapore
It will be eight years before the Singapore government could even consider expanding its casino industry, but Wynn Resorts Chairman Steve Wynn wants to be there.
FANTINI’S FINANCE: High Water. Low Profits.
Flooding in the middle part of America depressed revenues in May. But is it weather related or is it a more endemic problem that signals more difficulties for the regional gaming industry. Let’s find out!