Wednesday, October 4, 2023

Tag: Massachusetts

Matt Maddox: ‘We are confident that travel and tourism will recover in the US and China’

Wynn Resorts financials
Following a challenging Q1 in the US and Macau, Wynn Resort’s chief executive affirmed that the company remains well positioned to ride out the coronavirus crisis, highlighting that it retains $3.4bn in liquid assets.

Connecticut braced for Massachusetts openings

Connecticut tribal operators are braced for the opening of two new casino resorts from MGM and Wynn in neighbouring Massachusetts. The end of August saw the first money staked at MGM’s $960m Springfield property, an opening that many in Connecticut believe will be of detriment to the local market and it’s two tribal casinos. The Mohegan and Mashantucket Pequot tribal nations...

Brockton Fairgrounds casino decision put back by Massachusetts Gaming Commission

The Massachusetts Gaming Commission has postponed until September the reconsideration of its 2016 rejection of a $700m casino on Brockton Fairgrounds. The court was petitioned in June by Mass Gaming & Entertainment to reassess the ruling, however, the decision has been delayed pending the development of other Massachusetts sites. “Reconsideration of MG&E’s application is not just the right thing to do...

USA roundup: SugarHouse, Atlantic City and Massachusetts

Roulette table
One of Pennsylvania’s largest gaming properties, the SugarHouse Casino, has appointed a new general manager. Cheryl Duhon has joined the commercial operator after previously serving as a vice president of Resorts Casino Hotel in Tunica, Mississippi. Prior to joining Resorts executive leadership team in Tunica Duhon was a financial analyst and, later, director of marketing at Riverwalk Casino Hotel in...

Reaping the rewards: Massachusetts expects $300m per year from casinos

Casino Review MGM Springfield Massachusetts
Massachusetts officials are expecting a tax windfall once the state’s two new gaming resorts open their doors, but as casino investment piles exponentially into the North East, the prospect of the market reaching saturation point is spooking some analysts into lowering their projections.   Tax revenues for the state of Massachusetts are expected to balloon by as much as $300m (E268m)...