Baby boomers account for the largest part of casino revenue, but since they are aging and losing their disposable income, casinos are making changes to cater to millennials for their future growth. For example, Caesars Entertainment is installing skill-based video-game machines to attract the younger crowd.
The Lucky Dragon Asian-themed hotel in Las Vegas held its official grand opening over the weekend, with musicians and dancers in traditional Asian dress welcoming guests. The property has 37 gaming tables and 300 slot machines.
China's Hainan Airlines launched the first direct flight from Beijing to Las Vegas, and it arrived at McCarran International Airport Friday. The regularly scheduled flights, which are offered three times a week, will give Chinese players easier access to Las Vegas.
Bermuda lawmakers have amended the country's gaming laws to make it easier for casinos to receive gaming licenses. Bermuda plans to use a three-step process to issue gaming licenses to three entities, including the St. Regis hotel and Fairmont Hamilton Princess, according to Tourism Minister Michael Fahy.
Hundreds of guests attended the opening of Tioga Downs' new gaming area last week in Nichols, N.Y. The racetrack added a poker room with a dozen tables, plus tables for a variety of games, including craps and baccarat.
Casinos in Macau posted $2.4 billion in gaming revenue for November, helped by an increase of more than 15% in VIP gaming. "Based on checks with junkets […] VIP is seemingly entering an up-cycle here, as some pent up demand is finally returning after [over two] years of downturn," analysts wrote.
The Mohegan Tribal Gaming Authority anticipates it will receive about $750 million in fees for its participation in a South Korean casino project. The project is the US tribe's first foray into international markets, and it will consist of a variety of venues besides a casino, including a theme park and conference space.
MGM Resorts International wants to build a casino in Atlanta if Georgia lawmakers and residents vote to legalize gaming, company executive Lorenzo Creighton said. MGM Resorts faces tough opposition from Gov. Nathan Deal, conservative lawmakers and the religious community.
MGM Springfield officials told the Massachusetts Gaming Commission the company is surpassing its goals for hiring veterans, minorities and women for the $950 million project. Various community groups have been helping with the diversity hiring efforts, construction executive Brian Packer said.
More Las Vegas casinos could follow suit in charging for parking after Wynn Resorts and Caesars Entertainment recently announced plans to do so. "It just makes sense that requiring some modest payment to park will be a disincentive for people who are just looking for a place to park and then are cruising the Strip," said Caesars' Richard Broome.
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