A previous PricewaterhouseCoopers report estimated that the Melco’s integrated resort will generate economic activity of over €700 million (.68 million) per year. Resorts World Catskills will be the fourth commercial casino launched since New York approved new non-tribal casinos in 2015. So far, these properties have performed far below their original revenue projections, leading to concerns of market saturation. The casino has decided it wants to time its opening with the arrival of the Chinese Year of the Dog, which officially gets underway on February 16. The Catskills venue is located 90 miles north of New York City, and the venue evidently hopes to lure many of the Big Apple’s Chinese ex-pat community as well as any high-rolling international guests who may land at JFK. The change was a gradual one over the years, and signs are still adapting as time goes on. Over the years, a number of floating casinos have offered similar ‘cruise to nowhere’ services to fill Florida’s void, including a division of Malaysian casino giant Genting. The casino has been a money-loser for years, and prosecutors in the province of Como levelled allegations of financial impropriety against its operators last week. One of Europe’s oldest and largest casinos is fighting for its life as prosecutors try to force it into bankruptcy amid allegations of corruption.
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