May 26, 2021
Las Vegas Sands Corp. CEO, Sheldon Adelson, reaffirmed his company’s commitment to the $5.4B Marina Bay Sands Resort set to open up in Singapore later this year. The Marina Bay Sands features three 50 story buildings that will be connected by a sky terrace on the roof that will offer incredible views of the Singapore financial district.
Congressman Barney Frank (D-MA) has announced plans to challenge the UIGEA soon, and with pressures mounting from a huge deficit, it may be hard for congress to continue to ignore an estimated $50 Billion revenue stream over the next 10 years. Check out the PricewaterhouseCoopers Online Gambling Tax Report (.pdf) for a more detailed analysis.
New Jersey recently forced Atlantic City casinos to begin reporting their comps monthly instead of quarterly. Filings from January 2009 indicate a 3.2% drop in promotional spending as volume drops and some casinos become tighter with their comps. Borgata, Atlantic City’s top grossing Casino of 2009 increased its spending by 16%. Future filings to monitor trends can be found at the New Jersey Casino Control Commission website.
Friday Weekly Roundup
The New York Daily News offers up their tips to picking winning lottery numbers. They offer up several good ideas to help secure a jackpot win, as well as tips to avoid having to split a big win.
Harrah’s released the 2009 WSOP Schedule. Following roughly the same blueprint as last year, there will be 57 gold bracelets given out in 50 days, with the No-Limit Texas Hold’em championship starting July 3rd, 2009. Once again, there will be a multi-month break once the final table is reached, with the final event taking place at The Rio on November 7th.
This week we also found out that Montell Williams will be …