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CR75-p02-03-international2-3:SJC-Casino Review 20/12/08 21:34 Page 1
IGT counting
the cost of
lay offs
International Game Technology is expecting to lose US$21m in
one-off charges as it looks to reduce its workforce during the
first quarter of the fiscal year. Some 500 employees, equating
to around eight per cent of its worldwide workforce, were
offered either early retirement or redundancy packages.
Shares in the Reno-based slot manufacturer hit a new 52-
week low following the news in December, slumping to $9.24,
down 80 cents or nearly eight per cent.
The proposal for Penghu from Amazing Holdings
Vegas show
proves resilient
during tough
showmustgoon of 724 exhibitors, including 117
UNITEDSTATES exhibitors from countries
outside the US, showcasing
In the midst of one of the tough- their products in 335,480
est economic landscapes in square feet of exhibit space,
recent history, more than the largest square footage in
26,500 gaming professionals the history of G2E.
from 89 countries across the “Because of the challenged
globe flocked to Global economy we expected slower
Gaming Expo (G2E) 2008 at the traffic in our booth, but what
Las Vegas Convention center we found instead was
last month (November 18-20) increased booth traffic and a
to see the latest products, par- very high calibre of attendee”
ticipate in expert-led confer- said Gavin Isaacs, chief oper-
ence sessions and network ating officer of Bally Technolo-
Casinos could be
with industry colleagues. gies. “We were able to
Ed Rogich, vice president showcase our products to
of marketing for IGT, said of most of our key customers
the event: “Even in a down from around the world, and
legalised in Taiwan by
year, crowds were strong and there was a heightened level of
top decision-makers turned excitement among operators
out to see our products and looking for the newest games
Chinese New Year
participate in the conference and systems technologies to
sessions.” drive play and gain operating
According to G2E’s organ- efficiencies at their casinos.”
isers, the American Gaming A few of the specialty areas
Association (AGA) and Reed of the show floor experienced
The Taiwanese Council for Economic Planning and Development has given the strongest
Exhibitions, while overall strong participation. New to
indication yet that casinos will soon be allowed on its outlying islands with the predication that
attendance was down this year’s show floor, the
approximately 12 percent Entertainment Arena at G2E
legislation could even be finalised in time for the Chinese New Year. Phil Martin reports. from 2007, the 2008 event sold out completely, as did the
continued to attract the indus- Casino Design and Technol-
yearofthecasino pleted the second reading of The CEPD official said of figure but bring jobs to the try executives and key deci- ogy pavilions.
TAIWAN the bill and the approval of a the referendums: “It has to be islands which have long sion-makers exhibitors are Sean Evans, senior vice
third reading is now needed voted for by a simple majority.” depended on agricultural always looking to reach. president of sales for Aristo-
In a move that will boost to pave the way for legal Those behind the legisla- based industry. Frank Fahrenkopf, presi- crat Technologies, said: “We
the festive mood of many casinos on the three offshore tive process believe the One company which has dent and CEO of the American experienced very high traffic
international operators, islands of Penghu, Quemoy approval of the bill is a formal- stolen a lead is Amazing Hold- Gaming Association, said: flow for the entire show, and
Taiwan's government has and Matsu, located between ity due to its strong support ings. In June 2000 the “While it’s true that the current most of the attendees were the
said it could approve the Taiwan and mainland China, from both the premier and company’s wholly owned Tai- economic downturn is a chal- decision-makers within their
legalisation of casino style southeast of the Taiwan the president. wanese subsidiary, Amazing lenge the likes of which our organisations.”
gaming on three offshore Strait. A referendum for locals In Penghu it also has the Taiwan Company Limited, industry has not seen before, G2E 2008 also saw a signifi-
islands by the Chinese New in the localities affected will backing of Non Partisan Soli- signed a comprehensive Land the positive feedback we have cant increase in international
Year in late January. then be called. darity Union Legislator Peter Purchase Agreement with a received from our exhibitors attendance, attracting 3,901
The government has indi- The island of Penghu has Lin who says that whilst number of land owners which and attendees is evidence that attendees from 89 different
cated that a report on the legal- already approved a non- Chinese gamblers would be secured, an option to purchase G2E 2008 has been a real countries, a rise of 11 per cent
isation of gambling would be binding referendum voting in an added bonus to the a 27 acre parcel of land at the success story.” on 2007 international atten-
ready by the end of Decem- favour of the gambling act, project’s success he sees end of the Fongkue peninsula G2E 2008 attracted a total dance numbers.
ber. An official from the and is on course to be the first Penghu being a completely in the Penghu Islands, with a
Council for Economic Plan- to open a casino. different prospect to Macau. view to establishing a world-
ning and Development has A 21 minority took part in Lin said the islands did not class casino resort consisting
told media outlets that the that vote but 56 per cent voted want to attract hardcore gam- of 600 room luxury and a
Legislative Yuan, Taiwan's for legalised gambling. blers and that the vision was multi-level casino over
highest legislative body, could Casinos have been mooted to develop casino resorts that 130,000 square foot. Amazing
legalise gambling before it for many years on the islands would attract families with has developed a relationship
adjourns for the winter. known as the Pescadores people coming ‘for a few days’ with Navegante who focus on
“We have done all the nec- Archipelago, but only since holiday and gamble while they providing its clients and part-
essary preparations,” the the voting in of pro-casino are here.’ He said that a limit ners with a range of technical
CEPD official said. “All we are advocate Ma Ying-jeou as pres- would be set of three licences. and advisory services in all
waiting for is the adoption of a ident in May has the concept Holidaymakers to Taiwan last facets of the hotel and casino
gambling bill.” begun to pick up legislative year reached 500,000. The business and was founded in
Industry executives open G2e 2008
Lawmakers have com- pace. plan is to not only boost this 1995 by Larry Woolf.
2 January 2009 • internationalnews
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