Casino News: Encore Boston Harbor Revenues, Las Vegas Casino Sues Evander Kane

Casino News: Encore Boston Harbor Revenues, Las 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 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 large amount of hype about the city of Boston obtaining a casino however the locals have now been tepid in terms of visiting it. We will start with that whole tale even 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 when it first opened earlier this present year but as we approach the end of this 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 it’s not as if anybody is complaining. However, 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 season. Of course, that projection doesn’t take in to account that the revenues for the business c Continue Reading