Casino News: Encore Boston Harbor Revenues, Vegas Casino Sues Evander Kane
This week’s casino news includes revenue that is disappointing 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 was authorized by Massachusetts voters in 2012, Encore Boston Harbor was sold to the public as a remedy for the commonwealth’s revenue shortages.
There was a complete lot of hype about the town of Boston finding a casino nevertheless the locals have been tepid in terms of visiting it. We are going to start with that story as we recap this week’s casino news.
Year Encore Boston Harbor Falls Far Short Of Expectations in 1st
There were massive expectations for the Encore Boston Harbor whenever it first exposed earlier in 2010 but it looks like they’ll miss out on their goals as we approach the end of the calendar year.
The Encore Boston Harbor is on rate to fall nearly $100 million shy of its first-year projections. The casino resort, which are priced at $2.6 billion to build, nevertheless made $175.8 million during its first full quarter of operation, therefore it’s not just as if anyone is complaining. But, 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 season. Of course, that projection does not simply take in to account that the revenues for the business cou Read more