Casino News: Encore Boston Harbor Revenues, Vegas Casino Sues Evander Kane
This week’s casino news includes revenue that is disappointing from Encore Boston Harbor and the Macau casino industry. Our news report also incorporates the Cosmopolitan Las Vegas suing an NHL player for unpaid gambling debts. When it had been authorized by Massachusetts voters in 2012, Encore Boston Harbor was sold to the public as a remedy for the commonwealth’s revenue shortages.
There was lot of hype about the town of Boston getting a casino however the locals have already been tepid in terms of visiting it. We are going to begin with that tale once we recap this week’s casino news.
There were massive expectations for the Encore Boston Harbor whenever it first launched earlier this present year but it looks like they’ll miss out on their goals as we approach the end of the calendar year.
The Encore Boston Harbor is on speed to fall nearly $100 million shy of its first-year projections. The casino resort, which cost $2.6 billion to build, still made $175.8 million during its first quarter that is full of, therefore it’s not as if anybody is complaining. However, while that number is impressive, it still puts Encore Boston Harbor on pace to fall $100 million short of its projected $800 million revenue for the season. Of course, that projection does not simply take in to account that the revenues for the company could continue to fall short of its projections that are monthly forward.
The MGM Springfield, fell $144 million shy of its projections for its first year to put that in perspective, though, the other Las Vegas-style casino in the state. The reality is that patrons in the state of Massachusetts just aren’t wagering as much money at those establishments this year while there has been some debate about the reason for the casinos falling short of their expectations. We will see if they can pull in some extra business during holiday season and give the numbers a lift.
San Jose Sharks ahead Evander Kane has been sued $500,000 by the Cosmopolitan Las Vegas for unpaid gambling debts. Based on the lawsuit, the Cosmopolitan is damages that are seeking the NHL veteran took out eight markers between $20K and $100K around April 15th and never paid the casino back. The Sharks were in Las Vegas around that time for Game 3 and Game 4 of their playoff that is first-round series the Vegas Golden Knights.
Kane, who finalized a seven-year, $49 million deal with San Jose in 2018, is being asked to pay about one-sixteenth of his $8 million salary for this year. After earning about $49 million therefore far in his NHL job, Kane should have no nagging problem paying the casino back. The debts add up to 1% of Evander Kane’s 2018 contract.
Nonetheless, the fact that he is being sued indicates that there’s either some conflict or some feasible hardships that are financial. It is also alleged that this incident took destination in the middle of the playoff series against the Golden Knights, which could be of significant concern for the Sharks and the league at this point.
Macau casinos took another hit within their gaming that is year-over-year revenue contrasted to this past year in October. According up to a report released by the Macau Gaming Inspection and Coordination Bureau, the casinos suffered a drop that is 3.2-percent comparison with their numbers from October of 2018. Still, it is worth noting that Macau casinos took in $3.3 billion from gamblers in a month that is single. That quantity still represents a revenue that is substantial, as well as a 19-percent increase from September’s 12-month low of $2.7 billion in income.
It absolutely was a crazy week for well-known poker player Daniel Negreanu who won after which lost the World Series of Poker Player of the Year honors. We’ll start with that bizarre story as we recap this week’s poker news.
A week ago, Daniel Negreanu celebrated a 2019 World Series of Poker Player of the season title after the WSOP social media account put out an email congratulating him for winning the award. Negreanu celebrated in style following his third ever WSOP POY title and first since 2013. The six-time bracelet winner had also secured WSOP POY honors all the long ago in 2004.
However, it didn’t take really miss Negreanu’s celebrations to turn into surprise and dismay. Russian poker journalist Alex Elenskiy noticed that Negreanu had received WSOP POY points for an occasion that he didn’t cash in, prompting the poker community to rally together in an effort to determine whether Negreanu was the POY award that is legitimate champion. That he technically didn’t earn based on a clerical error as it turns out, Negreanu had been awarded additional points. After that mistake was corrected, it left Australian poker player Robert Campbell while the undisputed WSOP POY winner.
The WSOP made the apologies that black diamond casino rising tide are necessary handed the award to Campbell. The mixed-games that are australian, who’d already won two bracelets throughout the summer, edged out both Negreanu and Shaun Deeb for the prize. While Negreanu ended up being gracious throughout the process, he did note a couple of ways the WSOP could improve its procedure of determining the POY winner, so hopefully they heed his advice. It in fact was a twist that is cruel of for Negreanu. However, at the conclusion of this day they started using it right as the true champion won the award.
The winner regarding the 2019 Card Player Poker Tour Live! Casino & Hotel Maryland $200,000 assured $1,100 buy-in hold that is no-limit main occasion is none other than Joe Cashen. The 60-year-old contractor outlasted an industry of 192 entries to cash out using the $50,680 main prize. It was the tournament cash that is largest of the veteran poker player’s career up to now in which he also took home 336 Card Player Player of the season points as the champion at this event.
Rounding out the top three spots, Richard Smith took home $34,572 for his runner-up finish, while Mukharji Uppalapati won $20,500 for his third-place result. It was Cashen’s fourth POY-qualified score of 2019.
Julien Martini is the top winner of this 12 months’s Poker Masters $10,000 Big Bet Mix Title event. The Frenchman outlasted one other 51 players into the field to profit from the $166,400 main prize. Martini, whom beat out the other five opponents that made it to the day that is final of action, has made more than $4.5 million in real time poker event winnings over the course of his career.
Runner-up Kahle Burns took home $109,200, while third-place finisher Jorryt van Hoof won $72,800. Stephen Chidwick, who started the final table with about 65-percent of the total remaining potato chips, ended up getting rocked regarding the final time en route to settling for a fifth-place result and $41,600.
Week 11 was filled with blowouts as six of the eight games at 1:00 p.m. ET on Sunday had been decided by 17 points or more. Things didn’t exactly have more competitive in the afternoon or evening as the others associated with the games had been all decided by seven or higher too. Let’s take a look at top five games for 12 in the hopes that we see some closer contests week:
Odds: Texans -3.5
The AFC South is wide heading that is open the final six weeks of the season. Indianapolis and Houston are tied for the record that is best within the division with the Tennessee Titans simply one game straight back and the Jacksonville Jaguars just two games back. Only 1 of Indianapolis or Houston are able to pull in to possession that is sole of invest this one. If recent history is any indication, the Colts may be the much more likely group to win this 1 as Indy has won four of its last five versus the Texans.
Odds: Raiders -3
Oakland has climbed back in to the AFC playoff image with three wins that are straight. Not just are the Raiders challenging for a crazy Card spot, but they’re also right there competing for the best record in the AFC West. Derek Carr continues to perform at a high level but now the Raiders end up in a fresh spot: being a road favorite. A negative as the Jets have checked at times this season, they truly are still coming off back-to-back wins with a roster that is finally just starting to get healthy. Plus, the Raiders are just 2-6 in the Eastern Time Zone dating back to 2017.
Chances: Patriots -6
It certainly wasn’t pretty, but the Patriots found a method to pick up a win that is 17-10 the Philadelphia Eagles to improve to 9-1. Now, New England returns home with Eagles fans hoping they can do them a favor and select up another win over the NFC East rival Cowboys. The Patriots have outscored their opponents by way of a total of 179 points this season. As the Cowboys are 6-4, they continue to be 0-3 against opponents that currently have winning records.
Odds: Eagles -2
Coming off a loss that is tough New England, there are lots of positives that the Eagles can hold over in to this matchup with Seattle. Carson Wentz and company overcame quantity of key injuries to hold their very own against New England. Now a victory is needed by them throughout the Seahawks to close the gap on Dallas atop their unit.
Odds: 49ers -3
Just as if the schedule for Week 12 had beenn’t impressive sufficient currently, the NFL has booked a showdown between the teams that are top the NFC for Sunday Night Football. Jimmy Garoppolo led San Francisco to a comeback win over the Arizona Cardinals last week to improve to 9-1. Now another opportunity is got by the 49ers to show they will be the best within the NFC when Aaron Rodgers and company see Levi’s Stadium. In a game that could potentially determine the top seed into the NFC, all eyes will be on the Packers and 49ers if they clash on Sunday Night Football.