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

by Steve Norton

CEO, Norton Management 

Major Gambling Proposal Emerges in Florida Senate 

Once dog and horse tracks are no longer required to have live racing, it would seem the State could bring the slot tax rate back to the 50% level; that was only reduced to underwrite live racing. Whether tracks can keep their Black Jack, should be dealt with in the Seminole Compact negotiations. The good news for Florida tourism is the probable inclusion of the game of Craps and Roulette in the Seminole negotiations; which would put the Tribal casinos on equal footing with other resort destinations; the Bahamas, Puerto Rico, Biloxi and many other Island and Central American casinos.

Event Photos

The $1.4 billion MGM National Harbor casino on the Potomac River near Washington, D.C. opened doors to the public Thursday, December 8th around 10:30 at night. The casino floor was promptly flooded by 5,000 customers. Around midnight access was restricted because the casino had reached capacity.

The public started getting its first view of the 24-story hotel Saturday night with unique views of the D.C. skyline. The first luxury gaming resort in the nation’s capital has 308 rooms with premier amenities.

During the first week the casino has continued reaching capacity level crowds since the grand opening.

by Steve Norton

CEO, Norton Management 

 

Brazil: New gaming bill now being debated by Lower House

Casino gaming is a powerful tourism amenity, and many visitors will not visit a resort that doesn't offer it. Some countries, like Singapore, were very opposed to casinos, but realized it could be introduced, and limited to the more affluent population, by introducing entry fees.

by Steve Norton

CEO, Norton Management

While betting on certain sporting events in Japan is legal and casinos are not yet, Pachinko games are available everywhere in Japan. These games are not supposed to be gambling, and the Pachinko Parlors only give out gifts to winners. But these gifts, or the Pachinko balls themselves, are easily exchanged for cash at neighboring stores; so in effect this is gambling. And frequently the exchange of balls or merchandise can be made at a street vendor or adjacent store, often owned by the Pachinko Parlor's operator. But because of the gray nature of the business, these companies cannot be traded on the Japanese Exchange.

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