Vol. 9 • No. 35 • September 5, 2011 - Print This Issue
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Vol. 9 • No. 35 • September 5, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Fresh Start
Back from holiday, ready to tackle the real world, gaming stocks are exhibiting the same uncertainty that surrounds the overall economy. What do you do?
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WEEKLY FEATURE: Casino Comeback
Two “new” casinos open last week and a major expansion is announced for a third. While it may not signal a rebound for a slumping gaming industry, the new Four Winds Hartford Casino in Michigan, the reopening of the completely revamped Plaza Casino Hotel in Downtown Las Vegas (l.) and a huge addition to the Seminole tribe’s Hard Rock Tampa could demonstrate that better times are coming.
Silver: No Casinos in NYC
New York’s Assembly Speaker Sheldon Silver (l.) says gaming should expand in the state, but only outside the five boroughs of New York City.
Congress Could Revisit IGRA
First approved in 1988, the Indian Gaming Regulatory Act could be amended if some powerful members of Congress have their way. Indian Country will resist but the Carcieri “fix” may require it. Senator John McCain (l.) wants to put an end to “reservation shopping.”
Bay State Lawmakers Begin Casino Debate
This year, the third time that lawmakers in Massachusetts have tried to pass and get Governor Deval Patrick (l.) to sign, a gaming expansion bill, may be the year that all the pieces come together, political observers predict.
Full Tilt’s Fault?
The most comprehensive explanation why Full Tilt Poker has been unable to repay the deposits of its players since the April 15 Black Friday indictments was released last week. Full Tilt points fingers at everyone else.
More Competitors for Austrian Licenses
The battle for Austria’s casino licenses is attracting some big regional players. From neighboring Switzerland, the winner of the Zurich license, Swiss Casinos, has declared interest, and an Austrian-German collaboration between supplier-operator Gauselmann and car parts king Frank Stronach (l.), supposedly one of the richest people in Austria is taking the field.
Melco Confident Casino Will Come
Melco’s acquisition of the majority stake in the Studio City Macao project last June was thrown into disarray by a government official who claimed none of the officially submitted plans had ever included a casino. Melco Co-Chairman Lawrence Ho (l.) is confident that situation will be resolved.
AGA Will Honor Caesars’ Jan Jones
Former two-term Las Vegas Mayor Jan Jones, senior vice president of communications and government relations for Caesars Entertainment Corporation of Las Vegas, will receive the American Gaming Association’s 2011 lifetime achievement award for gaming communications. The award will be presented on October 5 at the Sands Expo & Convention Center in Las Vegas during the Global Gaming Expo.
GLOBAL GAMING BUSINESS PODCAST: Richard Haddrill, CEO, Bally Technologies
This week the Global Gaming Business Podcast features the first of a series of interviews leading up to October’s G2E, with Dick Haddrill, the CEO of Bally Technologies on what his company is going to be exhibiting at the big trade show.