Vol. 9 • No. 31 • August 8, 2011 - Print This Issue
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Vol. 9 • No. 31 • August 8, 2011, Featured Articles, GLOBAL GAMING BUSINESS PODCASTS
GLOBAL GAMING BUSINESS PODCAST: Linda Kassekert, Chairwoman, New Jersey Casino Control Commission
This week the Global Gaming Business Podcast features a discussion with Linda Kassekert, the chairwoman of the New Jersey Casino Control Commission, on the recent overhaul of the state regulatory process.
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When Chris Christie became governor of New Jersey two years ago, he promised to streamline regulation over all businesses in the state and that included the casinos. A bill passed by the legislature earlier this year dramatically changed the roles of the two agencies responsible for oversight of the casinos, giving more power to the Division of Gaming Enforcement and taking power away from the Casino Control Commission. This week, CCC Chairwoman Linda Kassekert joins Global Gaming Business Editor Frank Legato to talk about those changes, how it has affected her agency and how it has impacted the casino industry overall. Kassekert spoke with Legato at the East Coast Gaming Congress in Atlantic City in May.
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WEEKLY FEATURE: Shuffle the Deck
While another record month for gaming revenues in Macau isn’t breaking news, the new order of market share has shaken the industry to its core. Dramatic decreases by the former top-two placeholders have opened the door for increases from all the other companies, especially Galaxy Entertainment, which debuted Galaxy Macau in May, led by Francis Lui Yiu Tung (l.), deputy chairman of the company.
Massachusetts Governor Open to Racino
Massachusetts Governor Deval Patrick (l.) is willing to accept a single racino if it will mean that a gaming bill in order to get a gaming expansion bill passed that he can sign later this year.
McCain Bill Would Kill Off Reservation Casinos
Arizona Senators John McCain (l.) and Jon Kyl are leading an effort to make it almost impossible to put land far removed from an Indian reservation into federal trust. They object to the BIA permitting a land into trust situation in their home state.
Vegas Hooters Files for Chapter 11
Recession caused Sin City’s luxury hotels to cut their rates, taking a bite out of smaller properties. But Hooters has never done well in Vegas, say some analysts.
Nevada Sports Book War Initiated
It was only a matter of time before the two leading sports book operators in Nevada started a war. Cantor Gaming last week fired the first shot by filing suit against a former executive, Joe Asher, who ran Brandywine Bookmaking since 2007. Brandywine was recently purchased by Britain’s William Hill (r. to l., Asher with partners American Wagering’s Vic Salerno, William Hill CEO Ralph Topping and Cal Neva’s Jeff Siri).
Tribes Get Real About Online Gaming
The previous opposition held by Native American tribes to online gaming is beginning to melt away as they are now starting to realize that the federal legalization of the activity could be imminent. (l.), the executive director of the Oklahoma Indian Gaming Association, says the tribes will be ready.
NIGC: Tribal Revenues Hold Steady in ‘10
Revenues for Indian gaming held steady in 2010 despite the recession, according to figures released by the National Indian Gaming Commission.