Vol. 7 • No. 32 • August 24, 2009 - Print This Issue
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Vol. 7 • No. 32 • August 24, 2009, Featured Articles, FANTINI'S FINANCE
FANTINI'S FINANCE: Confidence and Consequences
While things are looking bad, reports of the decline of the American economy may be a bit premature, as Fortune Magazine’s Top 100 fastest-growing companies is still made up chiefly of U.S. concerns.
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BREAKING NEWS: Delaware Sports Bets Banned
A federal appeals court rules that the state plan to accept single-game sports bets starting in September violates the federal ban on sports wagering even though Delaware is one of four states grandfathered in by the 1992 legislation.
WEEKLY FEATURE: Rules for Racinos
The Ohio Lottery Commission last week adopted rules that will make it possible to install video lottery terminals in the state’s seven racetracks by next May. Meanwhile a battle is beginning on a proposed constitutional amendment that would authorize four regional casinos in the state, with Cleveland Cavaliers’ owner Dan Gilbert (l.) as a major supporter.
Macau: Visa Restrictions May Be Eased
The onerous restrictions on travel for Chinese mainland residents may be eased as a new chief executive seeks to kick-start economy.
Going Hungary
There seems to be no shortage of international companies willing to put up huge casino resorts in Hungary. The latest announcement is part of a project being led by a couple of guys who seem to have the clout to get it done. The project is planned for Lake Velence (l.), near Budapest.
Slow It Down, Says NIGA
The National Indian Gaming Association is asking President Barack Obama to appoint a new chairman to the National Indian Gaming Commission to replace Phil Hogen (l.) and to stop the NIGC from making revisions to gaming regulations until such an appointment is made.
Uruguay’s 24
Uruguay is preparing to tender 24 investment opportunities involving casino gaming. However, instead of seeking companies to operate casinos, the government wants investors to build and furnish the properties in exchange for rent. At left, the Conrad Casino in Punta del Este, Uruguay.
Kansas Lottery Commission Approves Casino Bids
The Kansas Lottery Commission moved forward on several bids to build state-owned casino resorts, including one at the Kansas Speedway (l.), passing the bids onto a review board that will make the final decision.
Strange Bedfellows
California’s Morongo Casino (l.) and some card clubs form a strange partnership to try to change state law to allow some form of Internet poker to be legally played.
Aqueduct ‘Seven’ at Finish Line
The re-bid of the license to operate the slots at Aqueduct racetrack in New York City has attracted seven bidders, with the winner to be announced in early September.
Perry Named to Head Isle Board
Former Argosy Gaming and Trump Entertainment executive Jim Perry is appointed to lead the Isle of Capri board of directors after the death of founder Bernard Goldstein.
Marrandino Boardwalk Bound
Retirement of Harrah’s Eastern Region head starts chain reaction with high-end changes in Las Vegas, Indiana and Atlantic City.
Station Casinos Founder Dies
Frank Feritta Jr,, the founder of Station Casinos and father of Frank III and Lorenzo, passed away last week at 70 years of age. His genius of operating a casino was only surpassed by his understanding of his employees, the market and his customers.