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Foxwoods Resort Casino in Connecticut recorded an 8 percent year-on-year drop in revenue to $35.3 million in November, marking the sixth consecutive month of decline.
Paradise Entertainment said it has entered into a supply agreement for next year, worth a maximum of HK$40 million, with Chairman Jay Chun’s brother-in-law.
Scientific Games Corporation said it has reached a settlement in its litigation with Shuffle Tech International LLC and other plaintiffs, agreeing to pay 45 percent of the compensation amount awarded in an August ruling.
The Minister of Racing is now taking a more cautious approach to reform of the racing industry after intense lobbying from racing clubs, warnings that the reforms are unworkable and signs from his majority coalition partner that it will not support some of the proposed changes.
The most significant risk for Macau’s six operators when it comes to concession renewals is likely to be higher taxes, or other “economic rent,” Bernstein Research said in a note.