Vol. 8 • No. 3 • January 25, 2010 - Print This Issue
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Vol. 8 • No. 3 • January 25, 2010, Featured Articles, FANTINI'S FINANCE
FANTINI’S FINANCE: First Quarter Futures
The beginning of the year can be very informative of the direction many companies will take for the following three quarters, not matter if it’s operators or suppliers.
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WEEKLY FEATURE: It’s Icahn
Investor Carl Icahn is the winning bidder in the Fontainebleau bankruptcy sale with an offer of $156.2 million. Other bids were rejected for not meeting qualifications. And previous suitor, Penn National Gaming didn’t even bid.
Greektown Again in Play; Isle Deal in Doubt
An agreement between one of the owners of Detroit’s Greektown Casino and the Isle of Capri to bring the company in as a management consultant is rejected by the bankruptcy court. Randy Fine and the Fine Point Group may return.
Kentucky Governor Calls For Racinos
By inserting revenue from legalized slots at state racetracks, Kentucky Governor Steve Beshear (l.) is putting the legislature on the spot. But a bill in the legislature that would change the state constitution to allow gaming is being opposed by the racetracks.
GLOBAL GAMING BUSINESS PODCAST: Don Marrandino, President, Eastern Region, Harrah’s Entertainment
This week, the Global Gaming Business Podcast features an interview with Don Marrandino, the president of Harrah’s Entertainment’s eastern region. He discusses his impressions of the Atlantic City market since his appointment six months ago.
Ukraine Bill Suspends Gaming from Licensed Activity
The gaming industry in Ukraine is dead and all but buried, but the government seems intent on keeping up the appearance at least of a possible future. Prime Minister Yulia Tymoshenko (l), the favorite to win the presidency, isn’t likely to change anything.
New Jersey Considers Cyber-Gambling
A bill from Union, N.J., Senator Ray Lesniak (l.) would put Jersey in the forefront of the flourishing online gaming industry, now illegal throughout the U.S. Lawmakers elsewhere, including Nevada, Florida and California, are also working to legalize the virtual games.
Bally Acquires Games4you
Slot and system manufacturer Bally Technologies announced that it is acquiring Scottsdale, Arizona-based Games4you LLC, the casino design firm formed by Jason Stage, the former slot design VP for Atronic Americas.