*Blog postings do not necessarily reflect the views of Fantini Research

By Steve Norton
CEO, Norton Management

Are There Enough Gamblers to Keep Bay State Casinos in Business?

My comment: 

After a close examination of the demographics, tax rates, nearby competition and facility amenities, I find it likely that Boston Encore will produce the highest gaming revenues of any North American commercial casino. There are several tribal casinos that exceed a billion dollars in casino win, but I can't find one commercial property that even reaches $800 million.

Rhode Island voters should have had to approve sports betting via referendum since it is a new type of gambling as dictated by state law, according to a suit seeking to stop sports betting, the Providence Journal reported.

The suit seeks an injunction to shut down both of Twin Rivers’ sportsbooks and to invalidate recently approved legislation to legalize online sports betting.

Gov. Gina Raimondo has argued voters did approve sports betting because they earlier passed a referendum authorizing Class III gaming.

New Jersey is suing the US Department of Justice for not responding to its request for information seeking proof of communications between the department and Las Vegas Sands CEO Sheldon Adelson or his lobbyists that could have potentially influenced the department’s new Wire Act opinion.

New Jersey Atty. Gen. Gurbir Grewal brought suit in a US District Court in New Jersey saying the department failed to respond within the required 20 days to his Freedom of Information Act requests filed in February.

According to Grewal, the department acknowledged receiving the request in March and promised expedited processing but has not provided any records or reasons for the delay.

Macau’s hotel guests and visitors on package tours rose in March.

The number of hotel guests grew 3.2 percent to 1.186 million with an average occupancy of 90.7 percent, up 1.7 points over last year.

Average stay held steady at 1.4 nights. The total of Mainland Chinese hotel guests rose 8.2 percent to 835,000 and those from South Korea increased 11.0 percent to 45,000.

The number of guests from Hong Kong fell 20.9 percent to 104,000 while guests from Taiwan decreased 5.8 percent to 37,000.

Through March, the total of hotel guests is up 4.5 percent to 3.516 million.

Want to reach the most elite audience of investment professionals and corporate executives in the gaming industry? Then advertise on our website. Others target. We pinpoint. Just visit our Advertising Rates section to learn more.