After years of casino closings in Atlantic City, Trump Taj Mahal will reopen as Hard Rock Atlantic City; the new owner of closed Revel hopes to launch TEN in its place; and The Atlantic Club will be turned into a hotel, water park and family entertainment center. The boardwalk casino Showboat returned to life last July as a hotel, while Trump Plaza has yet to find a new owner after being acquired by Carl Icahn during bankruptcy proceedings.
Ohio's Hollywood Gaming at Mahoning Valley Race Course is undergoing its third expansion since opening in 2014. Starting today, the casino will begin construction for an expanded gaming floor to allow for 50 new video lottery terminals and a high-limit area.
To release more games and expand its reach, video gaming machine manufacturer GameCo wants to raise up to $30 million. The company plans to launch about 10 new games in 2017 and set up approximately 20 machines in Connecticut this month as it continues efforts to expand into Las Vegas and Macau.
CEO Rafi Ashkenazi is rounding out his first year as head of online gaming company Amaya by eyeing acquisition possibilities, preparing to leave Australia, entering new international markets, reducing perks for professional players to appeal to casual gamers and working to attract video-game players. "2017 will also be to a large extent the continuing transitional year for us, but probably from the second half of this year, I can be much more focused on finding ways to grow the company, not necessarily organically," said Ashkenazi.
The Mega Moolah slot game has become one of the most popular online jackpot games, with a common jackpot size of $5 million and its highest reaching $20 million. Players can experience the safari-themed game via tablet, computer or smartphone, with cash-back bonuses available to mobile users.
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.
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