Candidates in Bristol are seeking a larger share of tax revenue from Hard Rock Casino, according to the headline and feed snippet. Bristol currently receives just over 7% of casino tax revenue, like 13 other localities, and any change requires approval from the General Assembly.
A change to the revenue allocation would affect Bristol and other localities sharing casino tax receipts.
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US casino operators are allocating more space and investment to non-gaming attractions as younger gamblers favour online betting. Citing Propmodo, the report said PENN Entertainment spent $360m renovating its Aurora property. A planned Hard Rock casino in Queens would allocate 10% of its footprint to gaming.
Reportedly, Hard Rock Residences San Juan has started selling homes within Puerto Rico's planned Hard Rock Hotel & Casino San Juan. Prices start at US$900,000 for residences with one to three bedrooms. The US$850m development is scheduled to open in 2029 and includes 186 residences.
Hard Rock’s Tampa casino is increasing its non-smoking gaming space. Hard Rock International’s casino announced the plans in June in response to customer demand.
It was reported that Churchill Downs intends to divest nine regional properties through separate transactions or smaller packages. The company has not given prices, buyers or a timetable, and expects proceeds to support debt reduction, investment and repurchases.
Reportedly, Italian football presidency candidates Giovanni Malagò and Giancarlo Abete support a 2% betting tax to fund the sport. Both are contesting the FIGC presidency in an election on 22 June.