Macau casinos were flooded with tourists over the past week as Chinese visitors celebrated the Lunar New Year Holiday.
Analysts who spent the week visiting the major properties operated by Las Vegas Sands Corp. (LVS), Wynn Resorts Ltd. (WYNN), and MGM Resorts International (MGM) reported seeing masses of people on the casino floors.
One analyst noted that because of the huge number of customers at the tables the property management raised the table limits.
The high volume of gambling being recorded at the properties is expected to skew the comparisons with last year when the New Year celebration took place in February and not January.
GamingToday’s Micah Roberts went right back to the Oracle for a new Preakness pick and Jay Rood came up with his selection once he knew Union Rags was not headed to Pimlico.
An Internet gambling bill being considered by New Jersey lawmakers could allow Atlantic City’s casinos to take bets from people in other states or countries, although key details remain to be worked out.
The nation’s commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady, according to a report released Wednesday.
Revel, the $2.4 billion casino resort widely seen as Atlantic City’s best hope of survival, trailed most of its competition in its first month of operation, placing 8th out of the city’s 12 casinos.
New signs are up to direct visitors, the sidewalks have been power-washed, crosswalks have been freshly painted and 1,600 people have been hired to inaugurate the Horseshoe Casino Cleveland on Monday.
