Vol. 7 • No. 6 • February 16, 2009 - Print This Issue
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Vol. 7 • No. 6 • February 16, 2009, Featured Articles, FANTINI'S FINANCE
FANTINI'S FINANCE: Betting the Bears
This bear market, which for gamers is nearly two years old, has burned a lot of value investors who sensed a bottom. And with economic statistics worsening daily, and more gaming companies now facing the prospect of considerably higher interest expense as they refinance loans or rewrite debt covenants, now is not the time to blow the all-clear signal.
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WEEKLY FEATURE: All Aboard For Atlantic City
When it comes to hope for a battered casino industry, the new ACES train could be right on time. The Atlantic City Express Service, the first direct line between Manhattan’s Penn Station and New Jersey's gambling resort, made its inaugural run on February 6.
Private Problems For Harrah’s and Station
Frank Ferititta (l) and his brother Lorenzo, along with Colony Capital, are the target of a lawsuit challenging the Station Casinos bankruptcy plan.
Gaming votes begin in Taiwan
The Taiwanese island of Little Kinmen (at left, with the skyline of Chinese mainland city of Xiamen in the distance), or Lieyu, is planning an April 4th referendum to see if residents are in favor of casino gambling. A simple majority is enough to pass the referendum.
Barney Frank predicts change in U.S. law
United States Congressman Barney Frank told the Financial Times of London that he expects the Unlawful Internet Gambling Enforcement Act to be overturned soon, noting that Americans are “demanding the right to gamble online.”
Senecas on road show for Catskills
Representatives of the Seneca Nation and its gaming partner, Rotate Black of Michigan, met last week in the office of New York Governor David Paterson (l.) to discuss plans for a full-scale casino resort in the Catskill Mountains.