Casino News: Encore Boston Harbor Revenues, Las Vegas Casino Sues Evander Kane
This week’s casino news includes disappointing revenue reports from Encore Boston Harbor and the Macau casino industry. Our news report also incorporates the Cosmopolitan Las Vegas suing an NHL player for unpaid gambling debts. When it had been authorized by Massachusetts voters in 2012, Encore Boston Harbor was sold to the public as a fix for the commonwealth’s revenue shortages.
There was lot of hype about the town of Boston obtaining a casino nevertheless the locals happen tepid with regards to visiting it. We will begin with that whole story once we recap this week’s casino news.
Year Encore Boston Harbor Falls Far Short Of Expectations in 1st
There were massive objectives for the Encore Boston Harbor whenever it first started earlier in 2010 but as we approach the end regarding the calendar year, it looks like they’ll miss out on the goals.
The Encore Boston Harbor is on pace to fall nearly $100 million shy of its first-year projections. The casino resort, which cost $2.6 billion to build, still made $175.8 million during its first full quarter of operation, therefore it’s not as if anyone is complaining. Nonetheless, while that number is impressive, it nevertheless puts Encore Boston Harbor on pace to fall $100 million short of its projected $800 million revenue for the entire year. Of course, that projection does not simply take in to account that the revenues for the business could cont Continue reading