CASINO

Foxwoods Resort sees slot revenue growth; Foxboro selectmen not ready for casino vote; Margaritaville Biloxi open date set

TAGs: Biloxi, Casino News, foxboro, Foxwoods Resorts, Margaritaville, Stephen Crosby

foxwoods foxboro margaritavilleFoxwoods Resort Casino has announced its slot revenues for December, demonstrating an 11.4% increase from the same month in 2010 to $50.2million. Also, handle jumped 9.2%, topping $602.4 million compared to $551.7 million in December last year.

Foxwoods CEO, Scott Butera, said: “We experienced increases in customer traffic and revenues across all of our business lines, and our holiday events were very well attended.

“Although we are still cautious about the current economic environment, we view this as a positive signal heading into the lunar New Year and our 20th Anniversary celebration events.”

The Casino contributed $13.7 million to the Connecticut Special Revenue Fund based on the December figures, a statement added.

 

Leaders of the Foxboro’s state Gaming Commission and Town Counsel have said it’s unlikely selectmen will be ready to take a final vote on any casino application before the annual town election in May.

Cllr Paul DeRensis and Commission Chairman Stephen Crosby said in separate interviews with The Sun Chronicle that the process is “barely in its infancy” and may take almost a year to take its first step.

DeRensis said: “Based on projections of timelines in the statute and the pace of organization of the Massachusetts Gaming Commission, we project that the Foxboro board of selectmen would not be in a position to take conclusive action on any specific project before the town election.”

Crosby said some of the criteria for opening a casino are contained in the legislation, which the governor signed on 22 November. However, the commission is yet to form, and when it does, will still have the strenuous job of  putting in the commission’s request for casino applications. Looks like it’s going to be a long time coming.

 

Jimmy Buffett’s Margaritaville Casino and Restaurant, which held the world’s biggest cocktail party at its Las Vegas resort late last year, is scheduled to open its new venue the week beginning 20 May in East Biloxi, the casino has announced.

Karen Sock, the general manager of Margaritaville, was the one to divulge in the news when making an announcement on Tuesday during a meeting of the Biloxi City Council, 16WAPT reported.

Sock said the resort will create 1,000 new jobs and open up the Point Cadet area of Biloxi for future development.

The Biloxi council has agreed to provide funds to landscape and fix the road leading to the casino.

 

 

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