A tribal casino in East Windsor, Conn., would likely be tied up in court by MGM due to competition with its upcoming Springfield, Mass., resort, while opening bids for a third casino in the state could threaten slot revenue, and doing nothing would divert money to Massachusetts, Dan Haar writes. A fourth option could include the state making a deal with MGM in which the Las Vegas-based operator agrees to pay a percentage of revenue in exchange for guarantees of a casino-free zone along Interstate 91, Haar says.
Palace Station in Las Vegas is hoping to rehome its train-themed artwork in the Neon Museum as it gears up for a multimillion-dollar renovation. The casino will add a new bingo room with expanded seating and build restaurants inside its former bingo area.
Casinos are adapting to increased competition by relying less on gaming and adding attractions like nightclubs, high-end hotel rooms, restaurants, shows and retail. "If the current trend continues, by 2019, rooms will make about as much money as the casino floor, in 2020 they will surpass it, and by 2023, Las Vegas Strip resorts will make about $2 billion more from their rooms than their gambling," said University of Nevada Las Vegas' David Schwartz.
Silver Heritage Group's budget for its Tiger Palace Resort, Bhairahawa, in Nepal has spiked by 34.5% to $53.8 million, and the developer has begun a capital-raising exercise. The grand opening for the resort has been pushed back to November, but it will open in stages starting in August.
Anthony Picente Jr., executive of Oneida County, N.Y., has suggested downtown Utica as the site of a new casino for the Oneida Indian Nation. If the casino were built, it would stand about 24 miles from the tribe's existing Turning Stone Resort Casino in Verona.
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Caesar's Entertainment urged Louisiana lawmakers to consider reforming outdated gaming regulations this week.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.
- Page 1