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Vol. 9 • No. 41 • October 24, 2011, Featured Articles, FANTINI'S FINANCE

FANTINI’S FINANCE: The Art of the Call

Sun, Oct 23, 2011

Investor quarterly reports and the conference calls that accompany them are usually boring and mundane. But there are several “personalities” who make it worthwhile to listen in and learn.

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By Frank Fantini

Frank Fantini
Frank Fantini is the editor and publisher of Fantini’s Gaming Report. A free 30-day trial subscription is available by calling toll free: 1-866-683-4357 or online at www.gaminginvestments.com.

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WEEKLY FEATURE: The Mighty Quinn

Illinois Governor Pat Quinn has threatened to veto the gaming expansion bill approved in May by the legislature unless they downsize it and make the changes he suggests. But most observers believe that all parts of the bill—particularly slots at racetracks—are important or it will fail in the legislature.

U.K. Casinos Request Regulation Review

The U.K. casino industry has been suffering for four years under the perceived and real differences created by the 2005 Gambling Act. A recent hearing before a parliamentary committee may have helped to crystallize the problem in the minds of both legislators and operators. Less than 1 percent of the nearly quarter million slot machines in the U.K. are in casinos.

States Become Focus as Congress is Pre-occupied

With many pressing issues confronting the U.S. Congress—deficits, jobs, debt, foreign wars and more—the issue of online gaming is unlikely to be considered seriously in the crucial fall session. So what happens next? Caesars’ Jan Jones (l.) says her company will consider supporting state-by-state legalization initiatives.

Ohio Moves to Fast-Track Racinos

Ohio’s Lottery Commission is moving at top speed to make it possible for the state’s seven racetracks to open racinos as soon as possible, possibly within a year. Still to be decided is possible relocation of some of the tracks, like Penn National’s Beulah Park (l.), near Columbus.

New York’s Resorts World Opens This Week

New York, New York will see its first legal gaming hall starting Friday, October 28. Resorts World at Aqueduct will open with about 2,500 slot machines, and will have 5,000 by January.

Feinstein Opposes California Tribal Casino

Diane Feinstein (l.), a powerful U.S. senator representing California, is trying to stop two tribes from being allowed to develop off-reservation casinos.

Bahamas Casino Proposals Ready

The tourism minister of the Bahamas, Vincent Vanderpool-Wallace (l.), is ready to present the cabinet with detailed proposals for liberalizing the casino gaming industry. Now all he needs is for the cabinet to find the time to address them.

The Over/Under on Sports Wagering in New Jersey

A referendum in New Jersey in November will ask voters if they would like to legalize sports betting in the state. While most professional and collegiate sports organizations oppose sports wagering, many Americans enjoy the activity, even if it means placing an illegal bet. So what will happen in New Jersey?

GLOBAL GAMING BUSINESS PODCAST: Randy Fine, Managing Director, Fine Point Group

This week, the Global Gaming Business Podcast features an interview with Randy Fine, the managing director of the Fine Point Group, conducted at G2E where he delivered the closing keynote presentation.