Vol. 9 • No. 5 • February 7, 2011 - Print This Issue
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Vol. 9 • No. 5 • February 7, 2011, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: Slot Shake Up
The once-understandable world of slot manufacturers is now a collection of impressive technology companies that provide state-of-the-art products and services to casino owners.
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WEEKLY FEATURE: Iowa Increase?
In his recent recommended state budget, Iowa Governor Terry Branstad (l.) proposed increasing casino taxes from 22 percent to 36 percent, to raise $200 million that could cut corporate taxes in half. “I don’t believe the budget will survive in the form he presented,” said Senate Majority Leader Mike Gronstal. “It’s outrageous. I’m going to fight it pretty hard.”
Ohio Caesars Casinos Broke Ground Last Week
Ohio’s four regional casinos are starting to become a reality. Last week, the two Caesars Entertainment/Rock Gaming casinos broke ground in Cleveland and Cincinnati. Caesars CEO Gary Loveman (l.) says the casinos will be Horseshoe branded.
Dutch to Weigh Privatization
The next European casino monopoly to fall could be that of Holland Casino. The current Dutch government, a coalition that took four months to form following June 2010 elections, appears ready to push for privatization and liberalization of all the nation’s gaming sectors.
Ho Troubles Continue
Despite a television interview two weeks ago in which Stanley Ho disavowed any legal actions against his children who he accused of “hijacking” his company, the threat is again on the table. Ho with daughters Pansy and Maisy during happier times.
Penn National Buys Rosecroft
Penn National Gaming submitted the winning bid in the bankruptcy auction for the shuttered Maryland racetrack, Rosecroft Raceway (l.), beating out Baltimore Orioles owner Peter Angelos.
Arasi Leaves Marina Bay Sands
Tom Arasi (l.), the president of the Las Vegas Sands’ successful Singapore project steps down to spend “more time with his family.”
Outcry in Albany
Opponents of the proposed Stockbridge Munsee casino in New York State took their case to the capitol last week. The Wisconsin tribal Chairwoman Kimberly Vele (l.) and fans of the project, including labor organizations, also testified.
Bellagio Robber Caught
Las Vegas police last week arrested a suspect in the brazen December robbery of more than $1 million in chips from a Bellagio craps table. And where did the arrest take place? The Bellagio!
Hard Rock Fights Foreclosure
Lender lawsuit could put property on the block this week, possibly selling it to the highest bidder on the courthouse steps. The lenders say they have lined up the Navegante Group to manage the operations should they take over. The property includes a new tower just opened within the past year (l.)
GLOBAL GAMING BUSINESS PODCAST: Amy Lipton, Vice President, Marketing, WMS Gaming
This week, the Global Gaming Business Podcast features an interview with Amy Lipton, the vice president of marketing for WMS Gaming, on her new job and how her technology background will help her in promoting the goods and services produced by WMS.