“Las Vegas Sands is sitting on trophy assets with one of the world's greatest casinos rising from the Bay in Singapore. The trick will be if the company can hold on to its riches while servicing its $10 billion debt load.”
—Gaming analyst Janet Brashear of Bernstein Research in a note to clients recommending Las Vegas Sands

“For Harrah’s to be able to issue means there’s appetite for the riskiest names in the gaming sector.”
—Chris Snow, gaming analyst for CreditSights, commenting that investors are now willing to risk money on bonds such as those issued by Harrah’s which are secured by a company’s casino properties

“The stumbling block toward reforming the gaming board and the current law remains the House Democratic Caucus. There has been a continuous unwillingness from House Democrat leadership to address the flaws in the gaming law related to the shoddy manner in which background investigations have been handled.”
—Republican state Rep. Doug Reichley of Pennsylvania, expressing frustration at the slow movement of legislation to reform the state’s gaming law to close loopholes in how slot applicants are investigated

“We are so used to Crown getting a better deal than the rest of us that you sort of just accept it in the end. They are Crown, they get whatever they want—who knows why?”
—Clubs Victoria Executive Director Margaret Kearney, on the news that Crown Casino, Melbourne, Australia, has received special consideration from the Victoria state government.

“The decentralized nature of video gambling would turn Illinois into the wild west of gambling.”
—J.R. Davis, chairman of the Chicago Crime Commission, who opposes a video poker bill passed by the Illinois legislature that awaits Governor Pat Quinn’s signature

“Video lottery gaming has saved racing in New York State.”
—Batavia Downs Marketing Director Martin Biniasz

“Attending a casino meeting in Sullivan County is like watching the same movie over and over again for decades. The same people always show up and they say the same thing.”
—An editorial in the Hudson County, New York, Times Herald Record

“The casino doesn't add anything to a community. I would be glad to give you ours. I'll pay shipping one way."
—North Stonington, Connecticut, First Selectman Nick Mullane, who says Foxwoods has increased local traffic from 8,800 cars a day to 25,000

“I am not in favor of negotiating. I never have been. And I never will be.”
—La Center, Washington, Councilwoman Linda Tracy on suggestions that it may be time for the council to talk to the Cowlitz tribe that wants to build a $500 million casino west of the town

By Staff

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