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Macau casinos eye resorts to counter slowdown

As revenue plummets in China's only legal gambling hub, global casino operators have a new mantra: what happens in Vegas, must also happen in Macau.
Source: Reuters
Macau casinos seek resort cure for China gambling hangover

HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...
Source: Reuters | By: Farah Master
Channeling Batman, Versailles: Macau's new wave of resorts

MACAU- Macau is doubling down even as the odds change. Macau's casino operators are undaunted. They're also optimistic Beijing's support for Macau's long term development from a seedy, vice-ridden backwater into a glitzy Asian destination will draw a growing numbers of middle class families from across the region looking for more than just gambling.
Source: The Associated Press | By: By KELVIN CHAN, AP Business Writer
'Tomorrowland' takes top spot at box office on slow weekend

Disney's expensive fantasy adventure essentially had Memorial Day weekend to itself, and still only pulled in a modest $41.7 million in its first four days in theaters according to Rentrak estimates on Monday. Disney put their full weight behind the Brad Bird- directed film with an ambitious George Clooney- led promotional campaign. Rentrak's Senior Media...
Source: The Associated Press | By: By LINDSEY BAHR, AP Film Writer
Cramer: Snap judgments, stupid decisions  

Jim Cramer explains why snap judgements can lead to losses and how to avoid being obtuse with companies including Advanced Auto Parts and CVS Pharmacy.
Source: CNBC.com
Connecticut casino bill now faces uncertain path

HARTFORD, Conn.- Legislation creating a two-step process for possibly opening a new tribal casino in Connecticut faces a vote in the state House of Representatives, but the level of support in that chamber remains unclear. House Speaker Brendan Sharkey said Thursday that the majority Democrats, who control the House, have not taken any preliminary vote counts...
Source: The Associated Press | By: By SUSAN HAIGH, Associated Press
Boston expands lawsuit against state gambling commission

BOSTON- An amended lawsuit filed by the city of Boston is asking a judge to bar the current Massachusetts gaming regulators from any future action on the $1.7 billion casino proposed for neighboring Everett. Mayor Marty Walsh announced Thursday the city amended its complaint that challenges the Massachusetts Gaming Commission's decision to award Wynn...
Source: The Associated Press
New shops at Foxwoods expand entertainment beyond gambling

Felix Rappaport, president and chief executive officer of Foxwoods, said the 315,000- square-foot Tanger Outlets with 80 stores is intended to attract visitors who don't necessarily play the slot machines or work the poker tables. Foxwoods, which is promoting the Tanger Outlets with weekend activities that include a tightrope walk 80 feet up by Nik Wallenda,...
Source: The Associated Press | By: By STEPHEN SINGER, AP Business Writer
Official: Latest version of casino bill won't affect compact

Under that agreement, the state receives 25 percent of the slot machine revenue generated at the tribes' Foxwoods Resort Casino and Mohegan Sun while the tribes have exclusive rights to casino gambling in Connecticut. Jepsen said the original legislation could make it easier for other Connecticut tribes to open casinos if they win recognition and could be...
Source: The Associated Press | By: By SUSAN HAIGH, Associated Press
'Pitch Perfect 2' leaves 'Mad Max: Fury Road' in the dust

LOS ANGELES- The ladies of "Pitch Perfect 2" hit all the right notes opening weekend, amassing a $70.3 million debut, according to Rentrak estimates Sunday. The Elizabeth Banks- directed sequel to the 2012 sleeper hit and video-on-demand phenomenon cost Universal Pictures only $29 million to produce and was expected to open in the $50 million range.
Source: The Associated Press | By: By LINDSEY BAHR, Associated Press