Vol. 9 • No. 4 • January 31, 2011 - Print This Issue
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Vol. 9 • No. 4 • January 31, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Selling Gaming as Entertainment
Arguments that convenience gambling can produce millions in tax revenue miss the point. Descriptions of gaming as entertainment centers, infrastructure improvers and job creators make a better and more logical case.
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WEEKLY FEATURE: Solid ICE
Thousands of visitors toured the exhibits of the ICE Totally Gaming trade show in London, Europe’s largest casino industry trade event, with new conference content and expanded i-gaming exhibitors. Casino Technology pulled off the coup of the show, announcing a partnership with Penthouse magazine. CT Chairman Milos Borrisov (l.) is joined by Penthouse executive Jeff Stoller and some of the Penthouse Pets.
Illinois Disappoints—Again
As lawmakers once again take up the issue of gaming expansion in Illinois, an appeals court has struck down the 2009 law that would have allowed as many as 65,000 VLTs to be deployed in bars, restaurants and truck stops.
Revel Close to Funding for Atlantic City Project Completion
The unfinished Revel Entertainment casino in Atlantic City is closer to receiving enough funding to complete at least part of the hotel and setting up an opening date. In a proposed funding plan, the original investors would be bought out for much less than their original investment.
German Parties Urge Privatization of Bavarian Casinos
The state-owned casinos in Bavaria, Germany continue to bleed red ink, including the Luitpold Casino in Bad Kissingen (l.). There is growing political will to privatize the nine suffering properties.
Hawaii Lawmakers Consider Gaming Expansion
Former Governor Linda Lingle adamantly opposed any pro-gambling legislation. But newly elected Governor Neil Abercrombie said he will not rule out gambling as a potential revenue source. One suggestion is for a single casino in Waikiki (l.).
Miami Commissioners: No Gaming On Beach
Miami commissioners unanimously voted to ask state lawmakers to stop discussing trying to bring Las Vegas-style casino resorts to their city, especially to the trendy South Beach area (l.). In the meantime, Governor Rick Scott has been giving mixed signals.
Michigan AG Joins Lawsuit to Shut Down Casino
Now both the Little Traverse Bay Bands of Odawa Indians and Michigan Attorney General Bill Schuette (l.) are suing in federal court to shut down a casino they say was illegally opened in Vanderbilt.
GGB PODCAST: Doni Taube, Senior Vice President, Global Gaming Marketing Strategy, MGM Resorts International
This week, the Global Gaming Business Podcast features a discussion with Doni Taube, the senior vice president of global gaming marketing strategy for MGM Resorts International on how the company is using unique techniques to align with strategic marketing partners throughout the world.