*Blog postings do not necessarily reflect the views of Fantini Research

By Steve Norton
CEO, Norton Management

Osaka to be the Best Choice for IR Location: Goldstein

My comment:

I feel confident that Sands President, Rob Goldstein, has had detailed analysis done that compared the economic potential of the greater Tokyo market with that of Osaka/Kyoto. But with a metro population of 37.8 million residents (the world’s largest) and an airport serving 87 million passengers (number 5 worldwide), I have to believe the potential for a Sands type convention/casino resort, is as good or even better than Osaka.

There is no question in my mind, that either of these two locations will produce, by far, the highest casino revenue of any existing or proposed destination casino anywhere.

By Steve Norton
CEO, Norton Management

Tennessee Governor: Casinos “The Most Harmful Form of Gambling”

My comment:

Governor Lee is certainly not alone in his opposition to casino gaming, but I take exception to his comment that "casinos are the worst form of gambling … which prey on poverty and encourage criminal activity".

I believe Tennessee has a state lottery, which is like many other states, has the highest per-capita spending in the lowest income neighborhoods. Even though state lotteries provide important taxes, generally in support of education, the percentage of bets kept at a lottery is much worse than casino games - usually in the 25 to 40% percent range.

The number of guests in Macau’s hotel and guesthouses declined while visitors on package tours rose in April. 

The number fell 2.2 percent to 1.143 million visitors though average occupancy rose to 91.4 percent. 

Guests from Mainland China declined 2.8 percent to 774,000 while guests from Hong Kong increased 1.3 percent to 137,000.

Package tour visitors increased 20.2 percent to 908,000 people.

Tour visitors from Mainland China rose by 22.1 percent to 724,000.

By Steve Norton
CEO, Norton Management

Where Will Sports Gambling in Ohio Take Place?

My comment: 

Restricting sports betting, just to casinos and racetracks, will be a big plus for these gaming establishments, but will not produce the expected new tax revenue or eliminate Ohio residents’ use of Illegal overseas sites or bookies.

The convenience of betting on smartphones and computers, available at home and work, will produce the most play, but it becomes a real problem for those with compulsive tendencies and adds the risk of minors, using a parent’s credit card or bank info, to bet illegally.

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