Vol. 7 • No. 1 • January 12, 2009 - Print This Issue
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Vol. 7 • No. 1 • January 12, 2009, Featured Articles, FANTINI'S FINANCE
Bear Necessities
Pessimism is now officially the Wall Street theme for gaming stocks. A few days ago, many of the leading gaming analysts took out their crystal balls and peered into 2009. What they saw isn’t pretty.
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Seneca Solution
The ghose of Secretariat, who last won in 1973 at Belmon Park, is being conjured to help the track gain VLTs under a plan by some New York officials, while the Seneca Nation wants to bring a massive casino to Sullivan County in the Catskills.
CityCenter drops condos at Harmon
Citing economic concerns, MGM Mirage announced it will not pursue efforts to make the Harmon at CityCenter structurally sound allowing the construction on the condo component. The Harmon Hotel (l.) will be capped at 28 stories, instead of the planned 49, now that a major construction defect has be identified.
Balkan Buyout
Queenco Leisure International has announced an agreement between Club Hotel Loutraki and Casinos Austria for the purchase of Casinos Austria’s 51 percent stake in Casino Beograd (l.), as well as a possible stake in Casino Austria's Grand Casino Brussels.
GGB Podcast With Kevin Kelley, Exec. VP and COO, Station Casinos
This week, the Global Gaming Business Podcast features an interview with Kevin Kelley, executive vice president and chief operating officer for Station Casinos, on how the locals' casino operator is responding to the economic crisis.
Texas governor rebuffs tribe’s gaming letter
Texas Governor Rick Perry (l.) rebuffed a letter sent last week by the Kickapoo tribe in which the tribe tried to open discussions about the tribe reopening its casino, which has been closed for several years.