Quote of the Day

“The era of government-granted casino monopolies is over. Many of our markets are now oversaturated with commercial and tribal casinos. In some states, licenses are even being left untaken. The era of limitless capital is over. Between huge commercial casino bankruptcies, tribal defaults and challenging returns, spending billions on ever-fancier amenities is no longer possible.” — Fine Point Group founder Randall Fine, throwing a bucket of cold water on attendees at the 2011 Global Gaming Expo. Fine’s proposition couldn’t have been more different from the pie-in-the-sky, two-casinos-in-every-garage prognostications of Gary Loveman one year earlier.