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NYC Casino leads, Revel Casino granted timely loan, fresh casino expected in Niagara Falls | 2nd January 2013 : WorldCasinoYellowPages

NYC Casino leads, Revel Casino granted timely loan, fresh casino expected in Niagara Falls

... 02 January 2013

NYC Casino leads, Revel Casino granted timely loan, fresh casino expected in Niagara Falls

The casino of New York City has earned largest amount of money as compared to any other casino in USA in its preliminary year. Within a period of 2 years and 2 months, Resorts World New York casino which is under the possession of Genting produced $700 million. This income is generated exclusively from the slot machines and there are bright prospects for future growth. It is because the network of conveyance has made it convenient for the gamblers to go there instead of Atlantic City which is located in close proximity.

The gross gaming revenue produced during 2012 is $638 million. As stated by the president of Resorts World New York City-Michael Speller, they were always sure of the success of their business. However, they have even surpassed all the prospects for the year 2012. This is the best way that they can move forward with the year 2013.

The distressed Revel Casino of Atlantic City has been supported with a debt worth $150 million which has been authorized by JP Morgan Chase Bank. As per reports, this money will be employed by Revel casino to stress a number of classy segments of the market which were ignored by the casino in its obligation to draw rich hobbyist gamblers and team conferences. The Associated Press stated that the casino will incorporate additional slot machines in its future plans. In addition to this, a more reasonable eatery will also be incorporated in the plans. It was also asserted by AP that a number of shareholders still have faith in Revel casino.

Following authorization of a ruling in favor of extended alternatives by the Niagara County Legislature, Niagara Falls, New York could hope to witness extended casino gaming. On 18th Dec. a ruling was collectively authorized as reported by Metro New York. As per the ruling a limited state gaming venture can work in city center of Niagara Falls. As per statement given by Rick Updegrove, R-Lockport-the Majority Leader, all the casino taxes of the district will be removed subject to attainment of 25% of the slot incomes by Niagara County. And this is the reason behind significance of the ruling.

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