Macau's gaming revenue is expected to reach $43 billion by 2019, thanks in part to a boost in tourism to the area from mainland China, according to a Morgan Stanley report. Visitor numbers are likely to increase when a bridge connecting Macau and Hong Kong opens this summer, while hotels and casinos in the city plan a 14,000-room expansion during the next five years.
Casinos on the Las Vegas Strip wrote off $67.1 million as unpayable during the latest fiscal year, accounting for 1.1% of gaming revenue. Meanwhile, downtown Las Vegas wrote off $667,000 as unpayable.
Japanese legislators are expected to tackle the issue of integrated resort regulations during their 2018 regular Diet session, which began this week. Lawmakers still need to finalize the details of a Problem Gambling Bill and the IR Implementation Bill before the country can welcome its first integrated resorts.
Northwest Indiana's five commercial casinos gained new competition recently with the addition of a fourth tribal Four Winds Casino and its 1,800 gaming machines and four restaurants. "We have seen several new casino properties open in this region over the last 10 years, and Blue Chip has continued to compete successfully each time over that time frame," said Boyd Gaming spokesman David Strow.
The government has put nearly 103 acres of land in trust for the Shawnee tribe, which plans to build a 42,309-square-foot casino in Oklahoma. In addition to gaming, the facility also will include retail space, a restaurant and offices for the Shawnee Gaming Commission.
The Indian state of Goa could see a casino gaming industry worth as much as $1 billion in gross gaming revenue as it makes the transition from riverboats to land-based casinos, according to Union Gaming Securities Asia. "The introduction of the country's first true integrated resorts should result in expansive growth in gaming revenue given significant pent-up demand for a high-quality gaming/entertainment experience," analyst Grant Govertsen said.
TGG Takara Gaming Group will soon allow programmers in Cambodia to develop games through its open-source technology. The company is sending its machines to Cambodia's Golden Crown Casino and Super Rich Casino and Resort.
Casino Cosmopol in Sweden has signed a deal to receive slots, poker, tables, visitor registration, cash desk and business intelligence management systems from Playtech's Intelligent Gaming Systems. "This success underlines our position as the leading systems supplier to the European casino industry," said Martin Sykes, Intelligent Gaming Systems' managing director.
New Jersey's online gaming revenue rose 30% last year to $221.3 million compared with 2016, according to the state's Division of Gaming Enforcement. Another $24.3 million came from online poker, bringing the total tax dollars earned from online games in 2017 to $43 million.
A virtual reality experience is headed to the "Big Apple" roller coaster at the New York-New York Hotel & Casino in Las Vegas starting Feb. 7. The 4,777-foot-long ride will be upgraded with 3D footage of an aerial ride over the Nevada desert and the Strip amid an alien invasion.
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