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IGT: The Return of Joe

There has been a lot written lately about the decline of leading slot manufacturer International Game Technology. The negative ink generally has revolved around the mighty slot-maker’s declining slot price—it went from a high of $49 to around $10—or the impending layoffs already announced by TJ Matthews, the company’s CEO.
Yes, all of that’s true, but […]

Signs of Life

As so many mega-operators suspend their Atlantic City development plans, it’s good to hear about new projects. They may be years down the road or never come to fruition at all, but they remind us in a lackluster economy that growth will one day return, and the industry should be ready.
A Bergen County, New Jersey, […]

Land of Lanni

The announcement that Terry Lanni is going to step down as chairman of MGM Mirage at the end of this month came as something of a surprise. Although I know he has been shedding his authority over the past several years, ever since the buyout of Mandalay Resort Group, I thought he’d stay on until […]

The Chickens Come Home

Casino Connection publisher Roger Gros has ranted on more than one occasion about Atlantic City Council’s misguided haste in trying to develop Bader Field.
The city-owned historic airport, which opened in 1910 and closed in 2006, has often been upheld as the Northeast’s most desirable piece of undeveloped land. At about 150 acres, with frontage on the water […]

Slot Misinformation

As I write this, it is the day before election day. Maryland is one of the states set to vote on legalizing slot machines. Regardless of how that question goes—and it looks like voters are likely to pass a referendum authorizing 15,000 slot machines across the state—I’ll be glad when it’s all over.
That’s because I’m […]

Money for Nothing

I have stopped looking at my 401-K retirement plan (like I’ll ever have the chance to retire!). The plunging stock market has put a huge dent in it, and all I can do is hope that it rebounds soon enough to at least slack off a bit.

But then I was reading about Sheldon Adelson (above). […]