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GLG News by Online Gaming Experts

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February 1, 2008
Court Will Void Compacts, But Tribe Will Keep Slots
Analysis of: Supreme Court Hears Fla. Gaming Case | www.forbes.com
Author: GLG Expert Contributor
Gov. Crist negotiated a deal giving the Seminoles true slot machines and banking card games, like blackjack, in exchange for payments to the state.  This was a windfall for IGT and other slot manufacturers.  The governor exceeded his authority.  But the state legislature will ratify...
January 30, 2008
Columbia Sussex's Nevada License at Risk
Analysis of: Jeff Simpson on the latest reason Nevada should yank the Trop owner’s license | www.lasvegassun.com
Author: GLG Expert Contributor
On Dec. 31, 2007, I posted an analysis here that Columbia Sussex's bondholders would probably get paid.  This was based on Nevada not revoking its license.  Now, new trouble at the Tropicana and River Palms might mean the company cannot meet the state's financial standards.  The properties...
January 25, 2008
Sports Betting Would Bring in Millions, but the Odds Are Against It.
Analysis of: Legislature to take another look at legalizing sports betting | www.pressofatlanticcity.com
Author: GLG Expert Contributor
Federal law outlawed sports betting, except in states where it was legal in 1992.  For a state, or a tribe in a state, which did not have legal sports betting then, either Congress would have to change the law, which will not happen, or a court would have to throw out the ban, which is possibl...
January 2, 2008
Major Competition Comes Early to Macau
Analysis of: INSIDE GAMING: If junkets shift, LV companies may hurt | www.lvrj.com
Author: GLG Expert Contributor
"Junkets" in Macau are not like junkets to U.S. casinos.  This could be a major blow, and shows that competition is heating up sooner than expected.  It also raises questions of competing in Macau against experienced locals.
December 31, 2007
Bondholders Will Be Paid
Analysis of: Vegas Tropicana lucky it's in Nevada, not Jersey | www.lasvegassun.com
Author: GLG Expert Contributor
The loss of the New Jersey license for the Atlantic City Tropicana technically put the company into default on its bonds.  However, Credit Suisse and the other lenders have agree to hold off bankruptcy for one year.   This means the bondholders will probably get paid off 100%, but...
December 20, 2007
DOJ Expands War of Intimidation on Interent Gambling
Analysis of: Microsoft, Yahoo and Google settle with DOJ on gambling ads | www.marketwatch.com
Author: GLG Expert Contributor
The $31.5 million fine is not significant.  But the DOJ has subtly expanded the war, by including claims of violating "municipal" laws.  This is bad news for anyone who is thinking about placing or taking ads.
December 6, 2007
Harrahs's Buyout Will Be Sooner Rather Than Later
Analysis of: MERGERS AND ACQUISITIONS: Board backs buyout of Harrah's | www.lvrj.com
Author: GLG Expert Contributor
The private equity buyout of Harrahs has been approved by the most important regulator.  Other state and tribal approvals will come quickly.  This also makes it easier for buyouts of smaller casino companies in the future.
November 25, 2007
Internet Gaming In 2010, But Not Before
Analysis of: Internet Poker to be Legalised in US by 2009 | www.igamingbusiness.com
Author: GLG Expert Contributor
It's nice to be optimistic. But Congress won't pass, and Pres. Bush won't sign, any bill legalizing Internet gambling during an election year. There are also issues involving online security and states' rights that will take time to resolve. Meanwhile operators, including the biggest, are looking at...
November 21, 2007
Macau is not Las Vegas
Analysis of: STRIP vs STRIP (MACAU and LAS VEGAS STRIP) | www.lvrj.com
Author: GLG Expert Contributor
Of course there are similarities, but the differences may be of greater importance.  Growth in Macau will continue to be as spectacular, for a few years, as it was in Las Vegas in the 1990s, until it, too, will be oversupplied.  But California could never require its citizens...
July 19, 2007
Disgorgements by NETeller could lead to other Companies paying fines?
Analysis of: NETELLER Announces Settlement of US Situation | www.neteller-group.com
Author: GLG Expert Contributor
NETeller’s agreement to cooperate fully with US authorities in all matters relating to the ongoing investigations by the United States Attorney’s Office could lead to more charges and fines of other companies.   United States Attorney’s Office could go after more companies who were involved in...

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