Casino News: Encore Boston Harbor Revenues, Las Vegas Casino Sues Evander Kane
This week's casino news includes disappointing income reports from Encore Boston Harbor and the Macau casino industry. Our news report also contains the Cosmopolitan Las Vegas suing an NHL player for unpaid gambling debts. When it had been approved by Massachusetts voters in 2012, Encore Boston Harbor was sold to the public as a remedy for the commonwealth's revenue shortages.
There ended up being a complete lot of hype about the town of Boston finding a casino nevertheless the locals happen tepid with regards to visiting it. We'll start with that tale even as 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 launched earlier this present year but as we approach the end regarding the calendar year, it looks like they'll miss out on their 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 cost $2.6 billion to build, nevertheless made $175.8 million during its first quarter that is full of, so that it's not as if anybody is whining. However, 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 year. Of course, that projection does not take in to account that the revenues for the compLeggi ancora