Vol. 9 • No. 43 • November 7, 2011 - Print This Issue
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Vol. 9 • No. 43 • November 7, 2011, Featured Articles, FANTINI'S FINANCE
Big Turnaround?
You might not know it from the doom-and-gloom headlines, but there is light at the end of the tunnel for the gaming industry. Increasing gaming revenues coupled with higher room rates and upgraded growth prospects look good for gaming worldwide.
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WEEKLY FEATURE: Hello Casino
All eyes are on Japan to step up as the next big integrated resort project destination in Asia. The presence of Caesars Entertainment CEO Gary Loveman (l.) at a recent meeting of a pro-casino Japanese Diet members association could be a sign things are getting more serious.
AGA Hall of Fame Inducts 23rd Class
The most recent nominees to the American Gaming Association’s Hall of Fame were inducted last week in a ceremony at the Venetian in Las Vegas. Joining the list of HOF members are the Blue Man Group, represented by co-founder Philip Stanton, restaurateur Charlie Palmer, Las Vegas Sands Chairman Sheldon Adelson, University of Nevada Reno professor Dr. William Eadington (l. to r.).
Debut of ‘Big A’ Gaming a Success
Resorts World at Aqueduct opened with a bang, drawing 65,000 people in its first weekend alone, creating lines around the building. The casino is expected to generate $800 million in revenues in 2012.
Golden Month For Macau
The early October holiday, Golden Week, launches Macau into record territory once again. The SAR’s 33 casinos posted their highest revenues ever for the month. Analysts believe that economic issues in China are having no impact on the VIP business. The new Galaxy Macau (l.) led parent Galaxy Entertainment to a healthy gain in market share for the month.
Full Tilt Deal May Be Near
The head of French company owned by Bernard Tapie (l.) says a deal has been struck to take over Full Tilt Poker and to repay player deposits through the U.S. Department of Justice.
Bahamas Wary of Florida Casinos
Mega-casinos in the Sunshine State could prove disastrous to tourism in the Bahamas, warns a resort executive. At risk are Kerzner’s Atlantis (l.) and a new mega-resort under way, Baha Mar.
Obama Administration Opposes Supreme Court Ruling
Deputy Interior Secretary David Hayes (l.) says the Obama administration wants to do everything it can to overturn the U.S. Supreme Court’s Carcieri v. Salazar ruling that severely hampers some Indian tribes, a high level Interior Department official said last week.
Study: 3 Georgia Casinos Could Generate $1Billion
The Georgia Lottery Commission recently commissioned a study that showed three casinos could bring in about $1 billion in annual revenues to the state, beginning in 2014. A total of 10,000 video lottery terminals would be located in casinos at metro Atlanta, Savannah and Jekyll Island. Governor Nathan Deal (l.) has his concerns, however.
First U.K. Large Casino Opens December
The U.K.’s first “large” casino, as defined by the Gambling Act 2005, is preparing for a December opening. The Aspers property won the prime location in the newly built development being prepared for the 2012 Olympics.
GLOBAL GAMING BUSINESS PODCAST: Sue Schneider and Mark Balestra
This week, the Global Gaming Business Podcast features an interview with Sue Schneider (l.), the owner of eGaming Brokerage and Mark Balestra, the managing director at BolaVerde Media Group, about their insights on possible legalization of online gaming in the U.S.