The Weekly Gaming Business Wrap -- 11/10/12Stay Informed About The Gaming World |
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Here’s a look at the headlines for this week in the gaming business world.
Atlantic City Casino Revenue Walloped By Hurricane Sandy
Atlantic City’s 12 casinos were hit hard by Hurricane Sandy, reporting only $209.4 million in revenue after Gov. Chris Christie forced a closure for more than four days. The loss of business represented a more than $50 million decline from a year ago.
Steve Wynn Proposes Riverfront Casino In Fishtown
Steve Wynn has become the third to propose a casino and hotel in Fishtown, part of the greater Philadelphia area. The 150,000 square foot property, called Wynn Philadelphia, would feature a 300-room hotel, 2,500 slots and 100 table games.
Casinos Closer To Becoming Reality In Jamaica
On Friday, Jamaica’s Senate passed casino gaming regulations, allowing entities to apply for licenses to build and establish gambling facilities on the island. The government, however, has been traditionally slow to approve casinos, drawing criticism from its supporters who feel Jamaica is missing out on tourism and investment opportunities.
Baltimore Casino Gets Name Upgrade Following November Ballots
Caesars Entertainment had previously planned to market their downtown Baltimore casino as a Harrah’s branded property, but now that table games have been approved by Maryland voters, the Las Vegas-based company will make their new project a Horseshoe casino.
Report Says Social Casino Games Bring In $1.6 Billion
SuperData, an online games research company, has stated that global revenues from social casino games has now reached $1.6 billion, with $660 million of that revenue coming from the United States. Data shows that casino gamers are spending nearly twice as much as regular social gamers.
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