Emperor Entertainment Hotel Ltd. is optimistic about its future in Macau even though it saw a revenue drop of 7.1% for the year leading up to March 31 that was connected to new properties in Cotai. "Upon the completion of large-scale tourism projects, along with government initiatives to boost infrastructure development, Macau's position as a global leisure and tourism hub will be further reinforced," the company said.
Antigua and Barbuda has not received the $21 million per year from the US that the country won through the World Trade Organization in 2003 during a dispute over online gaming rights. The archipelago has lost $315 million so far and may turn to the head of the World Trade Organization for mediation, Antiguan ambassador Ronald Sanders says.
Some of Montana's Democratic lawmakers spoke with tribal representatives during a state campaign tour and heard concerns and requests regarding gaming policy. "Unlike other states, tribes here do not benefit from opportunities like sports betting or card tables," the Arlee Tribal Council's Troy Felsman said.
Four Seasons Hotels and Resorts President and CEO J. Allen Smith says the spending power of millennials is shaping the future of hospitality. W Hotels executive Anthony Ingham highlights the brand's focus on retaining a "very youthful, affluent audience."
Station Casinos will open a $192 million expansion next week that adds 220,000 square feet to its Palace Station in Las Vegas. Players will be able to enjoy 500 more slot machines, four new restaurants and a Regal Entertainment Group luxury movie theater.
Ocean Resort Casino owner Bruce Deifik says his team has completely changed the former Revel casino in Atlantic City, and he has high expectations for revenue numbers in fiscal year 2019. "When we open a week from [today], we will surprise the world as to how we treat our customers and what we have to offer," he said.
As Japan prepares to take its first steps toward integrated resorts and expanded legalized gaming, critics fear it could have a negative impact on the country's 3.2 million problem gamers. Lawmakers are trying to address the problem with a plan requiring local residents to pay an entry fee of about $55 and limiting their casino outings to 10 times per month.
Fantasy sports players paid $12.4 million in entry fees to participate in online fantasy sports during May, according to the Pennsylvania Gaming Control Board. Revenue reached $1.3 million for 10 licensed operators, who paid close to $200,000 to the state in taxes for the month.
About 52% of the money made by hotels and casinos on the Las Vegas Strip comes from food and beverage sales, while gaming only accounts for a third. As a result, operators are increasing their entertainment, restaurant, shopping and convention offerings to remain attractive destinations for visitors from Southern California.
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