Over the past 10 years, the government received a total of $1.4 billion in casino revenue. #NewsismyBusiness
The endorsements are expected to help lift the casino and entertainment sector, which was affected by the closure of seven gaming venues since 2006.
As the current Executive Order in place by the government imposing restrictions on the population and businesses is set to expire on Friday, representatives from Puerto Rico’s casino and restaurant industries have asked for an easing up of conditions they say are putting operations and employees at risk. During a news conference, casino industry executives […]
Puerto Rico, deep in the throes of an economic and fiscal crisis, is losing ground to rival Caribbean tourism destinations while the island’s population continues to shrink — from just over 3.8 million in 2010 to under 3.7 million today.
Bermuda, a popular island destination only two hours by air from BWI Marshall International Airport, wants Americans to relax on its white-sand beaches, play golf on its carefully manicured golf courses and enjoy its elegant nightlife. Yet the island’s tourism industry remains stagnant, with little or no growth expected this year.
The Puerto Rico Hotel and Tourism Association said this week it is “pleased” with the results of the final report for House Resolution 129 that ordered a study on the causes for casino closings on the island, which pointed to illegal slot machines as the cause.
Citing a study that concluded that legalizing slots in places other than casinos could represent multimillion losses for the industry and the government, as well as the elimination of hundreds of jobs, the Puerto Rico Hotel and Tourism Association blasted Tuesday a proposal by Rep. Rafael “Tatito” Hernández to get those machines online.
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