New York's 3-month-old commercial gaming sector brought in $30.4 million in February and may earn even more this month, according to the New York Gaming Commission. Poker proved popular, making more than $858,000 in profit at the Rivers, del Lago and Tioga Downs casinos with relatively few tables.
Caesar's Entertainment urged Louisiana lawmakers to consider reforming outdated gaming regulations this week. Witnesses also asked legislators to shorten the horse racing season in the state and support federal efforts to legalize sports betting.
A redevelopment plan approved by the Casino Reinvestment Development Authority in Atlantic City would allow for development of amusement facilities, hotels and shops on an area around the proposed "Polercoaster" attraction. The CRDA could soon modify its master plan for the site to speed up the regulatory process.
CTF Holdings has agreed to take over hotel operations at the Baha Mar resort in the Bahamas, which will hold a soft opening for its first phase on April 21. The resort will feature 20 food and beverage outlets and a Grand Hyatt Baha Mar hotel, with other hotel groups pending.
A new app from Turning Stone Online Casino in New York offers more than 50 virtual slot machines, table games and other options, and visitors can play for free with virtual chips earned through winning games, creating an account, linking their TS Rewards Card and logging in daily. Players can purchase more chips when they run out and earn points to be used on on-site purchases.
The Seneca Nation of Indians will discontinue casino payments to New York next week in accordance with a 2002 contract. The government rejects the decision and believes that the original contract and a 2013 memorandum require continuing payments until 2023, according to spokesman Richard Azzopardi.
A Florida House committee passed a bill that would prevent gaming expansion and renew contracts with the Seminole tribe. The proposal calls for a payment increase to at least $325 million annually from around $250 million for the exclusive right to operate blackjack operations in Broward and Miami-Dade counties.
President Donald Trump's business partner, Phil Ruffin, has discussed developing a casino off the Las Vegas Strip with the Trump Organization, and he has talked directly with Trump once since the election about a high-speed train between Las Vegas and California, which could create 80,000 jobs and bring plenty of gamers and hotel guests to their property. However, Ruffin, who is a 50% owner of Trump International Hotel Las Vegas, said he and the president have not discussed the train or the casino again.
Mississippi gaming revenue fell 10% in February compared with the same month last year. Excluding Choctaw Indian facilities, casinos raked in $172 million last month, down from $190 million the year before, according to the state Revenue Department.
Macau saw its greatest revenue growth in three years with February's 17.8% year-over-year rise, meaning the region has finally bounced back from the Chinese government's anti-corruption campaign, analysts said. The VIP sector in Macau is expected to grow about 3% this year, according to CLSA.
- Page 1