New Jersey Casino Expansion Losing Support Among Garden State Voters, Atlantic City Sues State

 New Jersey Casino Expansion Losing Support Among Garden State Voters, Atlantic City Sues State

Governor Chris Christie supports a New Jersey casino expansion referendum, but it is not too popular with voters that will have the say that is final November.

New Jersey casino expansion has the backing of numerous key state lawmakers including Governor Chris Christie (R), but unless the majority of Garden State residents help bringing casinos north, Atlantic City will preserve its gambling monopoly.

A recent poll conducted by the Rutgers-Eagleton Institute of Politics found that just 44 percent of voters feel that gambling enterprises ought to be allowed in jurisdictions outside of Atlantic City, while 49 percent think gambling should remain on a the southeastern beachfront metropolis.

That’s a contrast that is stark earlier polling that suggested New Jerseyans favored ending Atlantic City’s gaming exclusivity.

Along with deciding on a new United States president in November, voters in New Jersey will also be challenged with deciding whether to amend their state constitution to enable the construction of extra gambling facilities in northern counties of the state.

AC Moves All-In

Atlantic City is broke and with debt, yet its local government is continuing to spend as if it’s the first 2000s and the regional economy is nevertheless flourishing with revenues aplenty.

Christie and State Senate President Stephen Sweeney (D) have advocated for the continuing state to assume control (more…)

Casino Information – Resorts World Catskills In Trouble, No Casinos For Chicago, Tricky Rock Vegas Closing For Renos

Casino Information – Resorts World Catskills In Trouble, No Casinos For Chicago, Tricky Rock Vegas Closing For Renos

This week’s casino news starts us of in upstate New York where one of many many luxurious, revolutionary casinos is on the verge of bankruptcy. Can the Resorts World Catskills still be saved?

Resorts World Catskills On Verge Of Bankruptcy

The upstate casino that is largest in ny is reportedly on the verge of bankruptcy carrying out a year or two in which it had been unable to generate profits. In accordance with the report, the Resorts World Catskills was hit with a $36 million loss in the quarter that is last. The business is seriously considering claiming bankruptcy in an effort to square away its debts.

The casino’s largest shareholder, the Genting Group, has put forward a proposal to buy out the remaining shares regarding the company from the parent business Empire Resorts. According to an SEC filing by the company that is publicly-traded the $1 billion casino in Monticello suffered operating losses of $73.5 million through the end of June. If Empire Resorts doesn’t take the cope with the Genting Group, it would likely need to apply for Chapter11 bankruptcy so that you can negotiate its debts with creditors.

After projecting $300 million in revenue for 2019, the Resorts World Catskills happens to be on pace to fall nearly $100 million quick of that mark. It will be interesting to see what route the Genting Group decides to take moving forward after the stu (more…)

Casino News: The Buffalo Bills will be the latest NFL team to get casino sponsor

Casino News: The Buffalo Bills will be the latest NFL team to get casino sponsor

This week’s casino news starts with income numbers from the continuing state of Maryland. Gambling is alive and well into the Old Line State as they simply produced their fourth-best month ever.

Maryland Casinos Register Certainly One Of Their Utmost Months Ever In August

The casino industry into the Terrapin state is totally thriving. The latest report indicates that Maryland casinos delivered record numbers in the thirty days of August.

This week, revenue numbers were released and Maryland’s casinos registered its fourth-best gaming that is monthly numbers ever. Based on a report that is recent hawaii’s six gambling enterprises reported their video gaming revenue numbers at $154.3 million for the thirty days of August, that is up 5.4% from that time last year. The other five casinos absolutely thrived including the MGM National Harbor, which accounted for a ridiculous 40% of the state’s total gaming revenue numbers while Baltimore’s Horseshoe Casino struggled to catch onto the trend. In fact, the MGM nationwide Harbor took in a total of $62.4 million, which is a growth of 7% from the same time frame a year ago.

The casino that is second-largest Maryland, the Live! Casino & Hotel pulled in only over $53 million in gaming revenues. That number represents a 12.7% increase from the time that is same year ago.

When it comes to how their state is spending their gains, $63.3 million regarding the g (more…)