Vol. 9 • No. 33 • August 22, 2011 - Print This Issue
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Vol. 9 • No. 33 • August 22, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Managing Growth
For the first time in a while, casino companies and gaming manufacturers are talking about growth, not cost cutting. Here’s a few things we’ve learned from recent earnings calls.
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WEEKLY FEATURE: Don’t Cash the Check
While he continued to refuse to state whether he would sign or veto the bill that would massively expand the number of slot machines in the state, Illinois Governor Pat Quinn engaged in some verbal sparring with Chicago Mayor Rahm Emanuel (l.) over the issue. Emanuel wants to include gaming revenues in the city budget.
Details, Details
The Linq project by Caesars Entertainment in Las Vegas is unveiled. Partners, scope and properties affected are revealed as well as more details on the massive “observation wheel,” the centerpiece of the project.
No Barriers in Macau?
A representative of the Chinese government has suggested that there be barrier-free tourism between China, Hong Kong and Macau. Priority will be given to the construction of the Hong Kong-Zhuhai-Macau Bridge (border crossing at left). The move would be huge for the Macau gaming industry since much of its limitations on growth are linked to immigration and transportation issues.
Deputy Minister Questions Taiwan Plan
The intention of Taiwan to install casino resorts on its offshore islands, such as Kinmen (l.), still faces a number of hurdles. Now, a deputy minister in the cabinet is calling into question the entire concept. However, just how seriously those doubts should be taken by prospective developers is the real question.
Down to Wire on California Internet Gaming
Less than a month remains in the current California legislative calendar, which means crunch time for some bill that would legalize internet gaming to come to the floor for a possible vote. Senator Rod Wright (l.) points to relaxation of lottery rules as an example.
Latvia Fine-Tunes Gaming Regs
The Baltic nation of Latvia seeks to broaden the scope of its general gambling license while tightening certain requirements for operators and consumers. Both online and land-based operators should find elements to praise and curse within the new proposed legislation.
Big Bang for Harmon?
The fate of the abandoned CityCenter tower is not yet certain, but MGM has already selected two companies to oversee the implosion, while the builder, the Perini Group, says it can still be saved.
GLOBAL GAMING BUSINESS PODCAST: Dennis Gomes, President and Part-Owner, Resorts Atlantic City
This week, the Global Gaming Business Podcast features an interview with Dennis Gomes, the president of Gomes Gaming and part-owner of Resorts Atlantic City, along with his son Aaron, the senior vice president of casino operations, on what has occurred since they took over the property last December.