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 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 large amount of hype about the city of Boston getting a casino nevertheless the locals have been tepid when it comes to visiting it. We’ll start with that whole tale once we recap this week’s casino news.

Encore Boston Harbor Falls Far Short Of Expectations in 1st Year

There were massive expectations for the Encore Boston Harbor when it first launched earlier this season but as we approach the conclusion of the calendar year, it looks like they’ll miss out on their goals.

The Encore Boston Harbor is on speed to fall nearly $100 million shy of its first-year projections. The casino resort, which cost $2.6 billion to build, nevertheless made $175.8 million during its first full quarter of operation, so it’s not just as if anyone is complaining. 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 season. Of course, that projection does not simply take in to account that the revenues for the c Continue reading