Vol. 9 • No. 38 • September 26, 2011 - Print This Issue
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Vol. 9 • No. 38 • September 26, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Gloom & Doom
The disparity between the sensational headlines predicting economic disaster and actual business performance, which is generally improving, should make investors nervous. So what’s going on?
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WEEKLY FEATURE: Ireland Set to Modernize Laws
Ireland is finally getting down to the job of revising its antiquated and incomplete gaming legislation. The good news is that clarity is the objective for all forms of gaming, including online and land-based casinos. Not so good is that the large-scale casino resort concept, such as the one proposed for Tipperary (l.), has been rejected.
Tam Outlines Table Game Growth, Cotai Development
In 2013, when the current freeze on table games expires, the Macau government will limit growth of 3 percent annually. This level may not be enough to satisfy a new casino each year, but SJM’s Angela Leong (l.) says it is reasonable.
Hopefuls Lining Up For Florida Casinos
Florida Senate President Mike Haridopolos (l.) recently changed the membership of a key Senate committee to give casino resort legislation a chance to potentially add $1 billion - $2 billion a year to state revenues. In the meantime developers like Genting Malaysia are staking huge claims and keeping their fingers crossed.
New York Leaders Line Up for Casinos
Even legislators who oppose gambling on religious grounds say it would be better to keep gaming revenues inside New York state. But the question is where it will be located, and how will the tribes respond, including Oneida Chairman Ray Halbritter (l.).
Caesars Plans Non-Gaming Chinese Hotel
Located on Hainan Island—“China’s Hawaii”—the $470 million hotel will bring gaming’s most famous brand to the world’s most dynamic market—but without the casino. The architects’ rendering of the property at left.
Eadington Named to Gaming Hall of Fame; Isaacs Named AGA director
Professor William Eadington (l.) of the University of Nevada-Reno’s gaming institute has been named to the American Gaming Association’s Gaming Hall of Fame. And Shuffle Master CEO Gavin Isaacs is named to the AGA board.
Maryland Slot Licenses Get Prominent Bids
Caesars, Rock Gaming and Frank Stronach bid for Baltimore slot license, along with a second company, while real estate developer and prominent Maryland political figure Nathan Landow says his company is planning to bid on the slot license at Rocky Gap Lodge and Golf Resort (l.), along with two other companies.
GLOBAL GAMING BUSINESS PODCAST: Tracie Stevens, Chairwoman, National Indian Gaming Commission
This week the Global Gaming Business Podcast features an exclusive interview with the three members of the National Indian Gaming Commission, Chairwoman Tracie Stevens, Vice Chair Stephanie Cochran and commissioner Dan Little at the NIGC offices in Washington D.C.