Vol. 9 • No. 36 • September 12, 2011 - Print This Issue
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Vol. 9 • No. 36 • September 12, 2011, Featured Articles, GLOBAL GAMING BUSINESS PODCASTS
GLOBAL GAMING BUSINESS PODCAST: Virginia McDowell, President & CEO, Isle of Capri Casinos
On this week’s Global Gaming Business Podcast, Virginia McDowell, president and CEO of Isle of Capri Casinos, discusses the success and the growth of her company, including the two new casinos the company will open in 2012 or later in Missouri and Pennsylvania.
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Like most gaming companies, Isle of Capri Casinos has endured a difficult few years. Virginia McDowell, the company’s president and CEO, joined the company just prior to the economic downturn and explains how changes implemented during that time have benefited the bottom line. And with two new licenses in Missouri and Pennsylvania, Isle has a growth story to tell. She talks about branding, social networking and Isle’s unique corporate culture. McDowell will join the State of the Industry keynote presentation at G2E on Wednesday, October 5, 2011. She met with Global Gaming Business Publisher Roger Gros at the Isle offices in St. Louis in June.
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WEEKLY FEATURE: Split Decision
The Obama administration’s new, less restrictive attitude towards off-reservation applications to put land into federal trust was put into action last week, and demonstrated that it is truly a case-by-case philosophy. Two applications, including one in New Mexico and one in California, were rejected, while two others in California were approved, according to BIA Director Larry Echo Hawk (l.)
Sources: Wynn Gets Cotai OK
The contest for the next approval to build the latest casino resort in Macau is over, sources tell GGB News. Wynn Resorts will be permitted to break ground and commence construction in the Cotai region, leaving MGM Resorts, SJM and Melco Crown to wait until the next round. The project will be the company’s third resort, following Encore Macau (l.).
Mexican Tax Agency Shuts Six Casinos
Mexico appears to be making an effort to identify and crack down on illegal or non-compliant gaming venues. The question is whether the seizure of 3,500 illegal machines one day after the deadly Monterrey casino attack is the start of a new, tougher policy or just something for the media. President Felipe Calderón (l.) has ordered a crackdown on illegal gambling.
Senecas Look at Rochester Casino
The New York tribe hasn’t paid casino revenues to the state in 18 months, claiming Albany reneged on its compact. Even so, the tribe is contemplating a fourth casino. Seneca President Robert Odawi Porter (l.) says a tribal-owned Rochester casino would be good for everyone.
Kyl Key
Arizona Republican Senator Jon Kyl (l.) will likely be the most important member of Congress when it comes to supporting efforts to legalize online poker. But where does he stand? Depends on who and when you ask.
New York Casino Hearings Begin
The state Committee on Racing, Gaming and Wagering hosted the first in a series of meetings last week on the benefits and pitfalls of full-scale casinos in the state. Governor Andrew Cuomo (l.) has indicated he supports the expansion of commercial casinos.
Fontainebleau Developers vs. Investors
The hedge funds, which bought part of the unfinished resort’s distressed debt, now say the developers defrauded them by misrepresenting the cost of the project and hiding debt.
Ohio’s Horseshoe Casino Begins Hiring
Ohio’s Horseshoe Casino Cleveland, under construction in the Higbee building (l.), has begun to hire up to 500 dealers, about a third of its workforce, in anticipation of a spring opening.
Great Canadian’s McLeod Dies
Ross McLeod, chairman and CEO of Great Canadian Gaming, died suddenly last week at 59. He has been replaced on an interim basis by president Rod Baker.