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We probably didn’t have to reach out to such a wide variety of experts to predict that 2009 will be "a challenge" for the gaming industry. But the details of just how the year will impact the industry—where the challenges will be greatest and where the opportunities for growth will appear—are of the sort that only our survey participants could provide.
For a long time, the organic unification of financial markets in our globalized economy has fostered an environment that is well suited to money laundering and terrorist financing. While in the post-Sept. 11 world, domestic and international entities have made great strides working together to combat the threat money laundering poses to the global economy, international inconsistencies in legal structures and the complexity of the domestic regulatory environment continue to pose challenges to these efforts.
The historic election of Sen. Barack Obama (D-Ill.) as the President of the United States, coupled with the Democratic Party increasing its majority in the U.S. Senate and increasing its majority in the U.S. House of Representatives, greatly increase the chances of passage of legislation making it much easier for unions to organize in the United States.
2009 will be a historic year in the United States. On Jan. 20, 2009, Barack Obama will be sworn in as the first U.S. President of African-American descent. President-elect Obama's swearing-in will usher in a new administration faced with challenging economic circumstances. The new administration will have to contend with the dramatic economic events of 2008, which have spiraled the world economy into a recession.
It is relatively common in United States for a felony conviction to automatically bar an applicant from gaming licensure, at least for a significant period of time. The "no felon" prohibitions are often trumpeted as a hallmark of strict licensing standards that assure the public of a clean gaming industry. It also has a beguiling simplicity: Why allow criminals to participate in a business where integrity is critical?
Though you’re probably all nursing your New Year’s hangovers by now, as I sit down to write this letter, I have just finished writing a few holiday greetings to friends and business associates—and I have to admit, I have struggled not to sound a little Bah Humbug. With the grim economic news of the last six months, it was difficult to muster some positivity and cheer.
In the rich natural setting of the Puget Sound Region and the Cascade Mountains, the people of the Snoqualmie have found strength and healing. Persevering through more than 150 years of dispossession from their homeland, the Snoqualmie finally gained federal recognition in 1999 and ultimately regained rights to a small piece of land east of Seattle along Interstate 90 in 2006.
From Small Town USA to highly industrialized China, there’s hardly an establishment that hasn’t been touched by the financial crisis. And the gaming industry and its suppliers are no exception. The biggest decrease in consumer spending since Sept. 11 is only one of the many factors woven together to create the current environment of the gaming industry.
