Latest Hospitality and leisure industry News
Ex-regulator wants better protection for young adult gamblers, including uniform betting age
ATLANTIC CITY, N.J. (AP) — New Jersey's former top gambling regulator with a nationwide reputation for strengthening oversight of the industry to make it safer says rules need to be toughened to protect young adults from developing addictions. In recommendations that could become...
Diners are skipping restaurants and making more meals at home as inflation trend inverts
NEW YORK (AP) — Eating in is in and eating out is out. That's the message that inflation-squeezed consumer s have been sending to fast-food companies and other restaurants. Meanwhile food producers are benefitting from more palatable prices in grocery store aisles. ...
US company accuses Mexico of expropriating its property on the Caribbean coast
MEXICO CITY (AP) — An American quarry company said Tuesday the Mexican government carried out a de facto expropriation of its properties on Mexico’s Caribbean coast. Mexico's Interior Department issued a decree late Monday declaring the firm’s seaport and quarries to be a...
Boyd Gaming buys Resorts Digital online gambling operation
ATLANTIC CITY, N.J. (AP) — Boyd Interactive has purchased Resorts Digital, the online gambling arm of Atlantic City's Resorts casino, for an undisclosed amount. Mark Giannantonio, president of Resorts, said Monday that the transaction was finalized on Sept. 1. Neither company would...
Motel 6 sold to Indian hotel operator for $525 million
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth...
Vermont caps emergency motel housing for homeless, forcing many to leave this month
BERLIN, Vt. (AP) — This fall, hundreds of the most vulnerable people experiencing homelessness in Vermont must leave state-funded motel rooms where they’ve been living as the state winds down its pandemic-era motel voucher program. The move is prompting outcry from municipal leaders and...
The Bank of England is widely expected to hold interest rates as inflation stays above target
LONDON (AP) — The Bank of England is widely expected to keep interest rates unchanged on Thursday, a day after official figures showed inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills. ...
New Jersey internet gambling sets new record at $198M in revenue, but land casinos lag
ATLANTIC CITY, N.J. (AP) — Internet gambling in New Jersey had its best month ever in August, bringing in over $198 million in revenue even as most of Atlantic City's land-based casinos continued to win less than they did before the COVID-19 pandemic. Figures released Monday by...
Thailand's slumping economy is new leader Paetongtarn's focus in her first parliamentary speech
BANGKOK (AP) — Thailand’s new Prime Minister Paetongtarn Shinawatra vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes. Paetongtarn, the leader of the ruling Pheu Thai Party and daughter of...
As warming threatens polar bear tourism, a Canadian town adapts and thrives
CHURCHILL, Manitoba (AP) — Change has broken, remade and continues to reshape this remote town where tundra meets forest on the shore of Hudson Bay. The economic base collapsed when the military left town. Rail service and cargo ships — the lifeblood of supplies for a town not...
