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Ken Adams Gaming Guru - Page 3Bits and Pieces from Indian Country - March 20081 April 2008
If 2008 looks to be a good year for gaming expansions in general, it has already been very good for Indian gaming. The governor of Florida negotiated a compact with the Seminole tribe of Florida in 2007, in 2008 the federal government approved the compact, and the tribe has already started installing Class III slot machines to replace the old Class II games. ... (read more)
Quick-takes: The month's trends in a glance - March 20081 April 2008
The United States will elect a new president in 2008. Presidential elections occur every four years – they center on the issues of that year and pretty much ignore everything else. This year for the first time in my memory gaming is a periphery issue. Gaming certainly isn't a central issue, but because ... (read more)
Bits and Pieces from Indian Country - February 20081 March 2008
Twenty years into Indian gaming, many things have changed. Indian gaming is now big business, much larger than anyone would have imagined in 1988. In the beginning, just one state, Connecticut, saw a chance for the state to take advantage of Indian gaming and that awareness came only at the suggestion of the management of Foxwoods. ... (read more)
Quick-takes: The month's trends in a glance - February 20081 March 2008
TAKE ONE
The much touted buyout of Harrah's is finally done. It marks the largest and latest of the buyouts of public gaming companies by private equity firms; the other two announced in 2007 were Stations, which was finalized before the end of the year, and Penn National. "Buyout" was nearly the buzz word of the year in 2007. ... (read more)
Quick-takes: The month's trends in a glance - January 20081 February 2008
Atlantic City newcomer Columbia Sussex has struggled in the city, but it isn't alone; the city's gaming revenue is down, the bus companies are carrying fewer people and, of course, the Donald is still struggling. All previous efforts to sell the Trump properties have apparently failed, his CFO has left, and the city is having second thoughts about a tax break. ... (read more)
Bits and Pieces from Indian Country - January 20081 February 2008
Unions, race track owners, and other opponents of Indian gaming in California have been successful in getting an initiative put on the ballot in February that would overturn the compacts signed by Governor Arnold Schwarzenegger and several tribes. The compacts were signed in September, and the scheduled vote is intended to stop the tribes from adding as many as 17,000 slot machines. ... (read more)
Bits and Pieces from Indian Country - December 20071 January 2008
It seems hardly a month goes by without another controversy in Indian Country. This month is no exception, with three controversial and polarizing issues. The United Auto Workers, in a relentless search – as are other unions – for new workers to organize, is moving into Indian Country. The union and the Mashantucket Tribal Nation are at odds over the campaign and the law. ... (read more)
Quick-takes: The month's trends in a glance - December 20071 January 2008
Voters went to the polls in November. They elected governors, senators and made some choices on referendums – some of which related to gaming. Probably the biggest news for gaming was the race for governor of Kentucky. Both sides had made gaming a key issue in the state; the winner, Steve Beshear, campaigned on a pro-gaming platform. ... (read more)
Bits and Pieces from Indian Country - November 20071 December 2007
Florida is one of the first states to have Indian gaming – pre-IGRA Indian gaming. In those early days of the 1970s, that meant high stakes bingo. The tribes in Florida have been aggressive in pushing the envelope, but the governors of Florida have been just as aggressive in resisting the tribes' effort. ... (read more)
Quick-takes: The month's trends in a glance – November 20071 December 2007
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There is a growing belief that all casino licenses are very valuable and the best way to award them is through a bidding process; the highest bidder is then awarded the coveted and exclusive license for a specified location. That is a belief that the gaming industry does not need. Gaming is ... (read more)
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