Municipal Finance Journal

Volume 22, Number 4 (Winter
Winter 2001
Editor: W. Bartley Hildreth

Publication Policies and Information for Authors	iV
Editor's Note	V
National Federation of Municipal Analysts 2001 Conference Keynote Speaker Brian Krolicki	1
The Future of the Gaming Industries Amy Doppelt, Keith Schwer, Jesse Smith, and Andrew Laub	12
New York State Gaming Much Ado about Nothing? Lawence Klatzkin	21
The Eternal Triangle: The IRS, the Issuers and the Bondholders Mark Scott	30
Tax Opinions and Tax Covenants Alan Polsky, Ed Nahmias, Richard Chirls, and Leslie Richards-Yellen	33
What is the Future of Online Trading? William Hogan, Greg Smith, Rich Meister, John Craft, Duncan Smith, Sr.	54
Development in the High Yield Municipal Bond Market Paul J. Flynn, Gregory B. Carey, Gary Lasman	69