Vol. 9 • No. 45 • November 21, 2011, Featured Articles, FANTINI'S FINANCE

FANTINI’S FINANCE: Fueling the Problem

Sat, Nov 19, 2011

What happens when gas prices go up? Customers stay closer to home and don’t go as often to casinos, compounding the problems casinos face during this economic dive.

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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: Truth or Dare?

As Florida ponders a big dive into big gaming, pundits ask if the Sunshine State—home to seven Seminole casinos and a number of parimutuels—can handle the upgrade. But some of the revenue estimates for the market vary so much, it’s hard to tell what is reality, and Miami Mayor Tomas Regalado (l.) is reconsidering his early support of the Genting plan.

Congress Hears Online Story

Two hearings in Congress last week presented contradictory information, further muddying the waters for lawmakers who are coming down to the wire to decide whether an online gaming bill will pass this year or wait until 2013 at the earliest. NIGA’s Ernie Stevens (l.) says tribes want to be included or they vow to stop any bill.

Caesars Dips Toe Into Public Pool

The world’s largest casino company, now privately held, announces plans for a $50 million IPO. The company cancelled plans last year for a $500 million IPO, so is the recent announcement just testing the waters?

Kyrgyzstan Casino Ban On Track

The recent presidential elections in Kyrgyzstan did nothing to alter the anti-casino movement there. If anything, allegations brought forth during the campaign only served to heighten the image of casinos as places of illegal activity.

It’s A Deal

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European Associations Welcome Parliament Report

The European Parliament recently adopted the report on online gaming prepared by Jurgen Creutzmann. The step paves the way for continued action on the subject at the European level. Oddly, associations representing both sides of the argument announced their pleasure with the adoption of the report, including the head of the European Casino Association, Ron Goudsmit (l.).

Hard Rocking at The Jersey Shore

The New Jersey Casino Control Commission has officially approved Hard Rock International for one of the two “boutique casino” licenses in Atlantic City. According to Hard Rock CEO Jim Allen (l.), the $465 million project expects to begin next summer and complete its first phase by 2014.

GLOBAL GAMING BUSINESS PODCAST: Don Marrandino, President, Eastern Division, Caesars Entertainment

This week the Global Gaming Business Podcast features an interview with Don Marrandino, the president of the eastern division for Caesars Entertainment. For 20 years in Las Vegas, Marrandino concentrated on creating new revenue. Now he’s returned home to do the same in Atlantic City.