Archive for February, 2010

The 2009 annual edition of National Revenue Report has been distributed to NRR subscribers. The report ties together revenues from all commercial jurisdictions in the United States. Individual copies can be purchased for $129 at www.fantiniresearch.com, by telephone to Dee Wild at 1-866-683-4357, or by responding to this e-mail. Subscriptions to the... »

Donald Trump has won the right to vote on Carl Icahn’s competing reorganization plan for bankrupt Trump Entertainment, the Press of Atlantic City reported. US Bankruptcy Court Judge Judith Wizmur ruled that as major creditors to the company, Trump and his daughter Ivanka may vote on Icahn’s buyout plan, which could help sway the outcome... »

This ought to be interesting. The man who warned companies not to visit Las Vegas on the taxpayer’s dime, setting off tens of thousands of hotel room cancellations, is visiting Las Vegas. President Barack Obama will be in Sin City Thursday and Friday attending a fundraiser for Sen. Harry Reid that might raise $1 million, talking... »

Casinos have finally come to Singapore with Sunday’s opening of Genting’s $4.7 billion Sentosa World. The property was opened in a simple ribbon cutting by Genting Chairman Lim Kok Thay, who immediately went in a placed the casino’s first bet, a losing hand of baccarat. Lim used the occasion to repeat his company’s intention to expand ambitiously in the... »

Here’s the latest on the escalating war between Gov. Bob Riley and the slot machine casinos in Alabama: • The chance of actual armed confrontation is growing as Greene County officials, including the sheriff, say they will oppose an effort to shut down Greenetrack, the last the state’s commercial slot parlors to remain open. Riley’s anti-gaming task force used... »

MGM Mirage is preparing to sell its 50 percent ownership of the Borgata, putting its stake in a divestiture trust. That revelation came in an 8-K in which MGM also revealed that it is extending its $5.5 billion credit facility. MGM said it disagrees with the New Jersey Division of Gaming Enforcement recommendation that Macau joint venture partner Pansy... »

Alabama’s video bingo parlors may stay closed for a while. The state Supreme Court has sided with Gov. Bob Riley saying a Macon County judge did not have the jurisdiction to halt the pre-dawn raid on VictoryLand on January 29. Victoryland and two other video bingo parlors have been closed since the raid and another has postponed its spring... »

New Gov. Chris Christie is wasting no time addressing the woes of New Jersey’s casino and horseracing industries. He has appointed a commission to recommend ways to improve Atlantic City casino competitiveness and is ordering an existing racing commission to deliver its recommendations by April 1 rather than July 1. The actions come days after his own transition committees... »

Israeli real estate company Sybil Europe plans to build a Las Vegas style and scale casino in the German state of Saxony-Anhalt, Haaretz.com reported. Controlling shareholder Pinhas Sarfati told Haaretz that he met with the state’s finance minister for two hours discussing a project that would include 1,500 hotel rooms, conference center and marina costing up to €500... »

Aqueduct Entertainment Group, led by Larry Woolf’s Navegante, has been selected to develop and operate the 4,500-machine slot parlor at Aqueduct racetrack in New York City. The long-awaited selection by Gov. David Paterson and Senate and Assembly leaders comes with a big string attached – AEG will have to pay $300 million upfront by March... »