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 includes the Cosmopolitan Las Vegas suing an NHL player for unpaid gambling debts. When it absolutely 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 had been lot of hype about the town of Boston getting a casino but the locals happen tepid with regards to visiting it. We are going to begin with that tale 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 opened earlier this present year but as we approach the end for the calendar year, it looks like they’ll miss out on the goals.
The Encore Boston Harbor is on rate to fall nearly $100 million shy of its projections that are first-year. The casino resort, which are priced at $2.6 billion to build, still made $175.8 million during its first quarter that is full of, so that it’s not as if anyone is complaining. But, while that number is impressive, it still puts Encore Boston Harbor on pace to fall $100 million short of its projected $800 million revenue for the year. Of course, that projection does not simply take in to account that the revenues for the business could continue st […]