Vol. 7 • No. 4 • February 2, 2009 - Print This Issue
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Vol. 7 • No. 4 • February 2, 2009, Featured Articles, FANTINI'S FINANCE
FANTINI'S FINANCE: Changing the Formula
It was once a given that a casino resort would generate cash flow exceeding 20 percent of the cost to build it. Resorts were relatively inexpensive to build and they quickly filled with gamblers in a world where demand exceeded supply. Times have changed.
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LV Sands attacked in Macau
A group of Macau residents is complaining that Las Vegas Sands has directed profits from its Macau operations to other international developments. Group spokesmen cite the LVS' ongoing Singapore development while the Cotai Strip projects (l.) have ground to a halt.
Anti-gaming activists emerge in Taiwan
Just a week after the legalization of casinos on the Penghu Islands in the Straits of Taiwan, opponents of the legislation gathered to complain that that government was “unfair” and didn’t provide suitable alternatives. The accused of the government of being biased in favor of casinos.
Revel’s Atlantic City construction slows to crawl
Revel Entertainment laid off almost half of its construction workers last week while it continued to seek more financing for the project. Revel CEO Kevin DeSanctis (l.) would not say how much financing the company needs.
Criticism rises over potential BIA pick
President Barack Obama hasn’t announced any nominees for Bureau of Indian Affairs, but opposition is already forming behind a potential candidate, Larry EchoHawk (l.)
Podcaset with Marilyn Winn, President, Bally’s, Paris & Rio Las Vegas
This week, the Global Gaming Business Podcast features an interview with Marilyn Winn, the president of the Rio, Bally’s and Paris hotels in Las Vegas on the tough economic times on the Strip.
Deadline extended for Southeast Kansas casino
Because no one submitted a bid to build and operate a state-owned casino in Kansas’s southeast zone by the January 21 deadline, it was automatically extended to April 21.