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Taiwan casino prospects gloomy post-election: analyst
The landslide win of Taiwan’s independence-minded Democratic Progressive Party (DPP) in Saturday’s elections could make it hard to move forward with gaming expansion including legalisation of casinos, said a note from Union Gaming Securities Asia Ltd on Monday.
Tsai Ing-wen (pictured centre), the DPP’s presidential candidate, won 56 percent of the vote, becoming the island’s first female leader. In elections also held on Saturday for the parliament, called the Legislative Yuan, the DPP won 68 of the 113 seats up for grabs, compared with only 35 for the ruling Kuomintang. It marked the first time the Kuomintang – with a much more pro-China stance relative to the DPP – has lost control of the island’s legislature.
Source: Ggrasia Website

Trump TajMahal Owner Icahn Wins Fight with Casino Union
A federal appeals court in Philadelphia Friday upheld a decision that allowed the Trump TajMahal casino in Atlantic City, N.J., to escape its union contracts in bankruptcy.
The decision is a victory for Carl Icahn, the billionaire who controls the last remaining Atlantic Casino to bear the Trump name, after a series of bankruptcies.
A chapter 11 exit plan was confirmed for Trump Entertainment Resorts Inc. that puts Mr. Icahn in sole charge of the company. However, he delayed implementing the plan until the appeals court spoke on the question of the rejected union contracts.
Source: Wsj Website

Plans for Meadowlands Casino Advance
The real estate tycoon behind the proposal to build a $1 billion casino at the Meadowlands said he plans to pursue the project, despite legislation that would put him at a disadvantage because he doesn’t have an Atlantic City casino license.
New Jersey lawmakers are considering a bill to allow two casinos in the northern part of the state on the condition that Atlantic City operators get the first shot at bidding for the new licenses.
Source: Wsj Website

SALE OF EX-SHOWBOAT CASINO TO PHILLY DEVELOPER FINALIZED
The $23 million sale of Atlantic City's former Showboat casino to Philadelphia developer Bart Blatstein has been completed.
But the new owner still has not said whether he intends to reopen it as a casino.
Blatstein says he is considering a casino there, but adds that non-gambling options including office space and entertainment uses would work well at the building.
He is known for several development projects in Philadelphia, as well as the transformation of Atlantic City's Pier Shops into The Playground complex.
Source: 6abc Website

When it concerns casino expansion in Florida, nothing is simple
On the surface, the new gambling compact between the Seminole Indian Tribe and Florida Gov. Rick Scott looks like a win-win for both sides.
The state is guaranteed $3 billion over the next seven years from the tribe. In exchange, the Seminoles will be allowed to operate craps and roulette tables at the tribe's seven casinos.
The agreement limits competition. As written, it prohibits another destination gaming resort from being built in Florida while allowing pari-mutuel racing facilities in South Florida's Miami-Dade and Broward counties to add blackjack tables.
Source: Reviewjournal Website

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