Six casinos in San Diego will undergo a combined $1 billion in remodeling and expansion. Valley View Casino is expanding its casino floor by 42,000 square feet, and Pechanga Resort & Casino is about to debut a 568-room hotel tower.
Cordish Global Gaming Group and Live Casinos are hoping a new hotel opening this spring at Maryland Live Casino will draw more gamers to the casino, which is adjacent to the Arundel Mills outlet mall. The company has renamed the property Live Casino & Hotel.
Macau businessman Chan Meng Kam has agreed to purchase the Lan Kwai Fong casino resort for $256.2 million. The property contains 209 guest rooms, restaurants, a spa and shops in addition to its casino floor, which holds 84 gaming tables and 65 slot machines.
Japanese brokerage firm Nomura reports Melco Resorts & Entertainment, MGM China Holdings and Wynn Macau will have market share gains. Wynn is expected to be up 60 basis points.
A study by the American Gaming Association indicates that Native American casinos have an almost $97 billion effect on the economy. Tribal casinos pay about $16 billion in taxes and direct payments to federal, state and local governments.
Wynn Resorts is hard at work on its $2.4 billion project on the Mystic River in Massachusetts. The resort, which is expected to open in late June 2019, will include a casino, a 27-story hotel and a parking garage.
GameCo CEO Blaine Graboyes revealed that his company is working on a way to increase the frequency of bets for its skill-based games to make them as lucrative for operators as slots. The game developer is also educating traditional players by showing the odds of outcomes on the pay table and making help files easily accessible to explain rules.
Crown Resorts in Australia will be the subject of an investigation after allegations of tampering with poker machines at its Melbourne casino. The operator has also been accused of allowing domestic violence and drug use to occur on its property and encouraging players to disguise themselves to fly under the radar of the AUSTRAC anti-money-laundering agency.
Online casino operators often give players better terms than physical casinos because they do not have to make up money for drinks, rent and other amenities. Internet games also save players money on hotel stays and travel expenses and offer a wide library of games.
Salvatore Semola has stepped into the role of president and chief operating officer for the tribal Gun Lake Casino in Michigan. The property boasts more than 2,000 slot machines, a food court, 42 table games and a high-limit room.
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