US Casinos Contemplating A Return To Cuba

US Casinos Contemplating A Return To Cuba Prior to 1959, the island paradise of Cuba was a hot spot for US tourists to visit and gamble in some of the country’s 13 legalized casinos located just 90 miles from the coast of Florida. That all changed after Fidel Castro came to power, and shut down an industry he considered a “sin”, but decades later and Cuba could once again become a popular casino destination after President Barack Obama announced a thaw in relations between the two countries.
“Neither the American nor Cuban people are well served by a rigid policy that’s rooted in events that took place before most of us were born,” explained President Obama.
Furthermore, more than half a century of inactivity could contribute to a speedy rebirth of casinos on Cuba, as the ornate buildings built to become mob owned casinos are still standing frozen in time and waiting to be refurbished and opened up under new management. As Nova Southeastern University professor Bob Jarvis, explains:
“I don’t think there’s any question every casino executive in the United States and beyond is thinking of a plan to get into Cuba. It was the play land for the United States in the 1940s and 1950s, and it could be again. It’s fabulous.”
Despite the excitement, however, Spectrum Gaming managing director Michael Pollock has warned that even if President Raul Castro approved gambling today, it could take as long as 10 years for the first casinos to open it doors again. Amongst the many factors limiting a more expedient time scale is the need for Cuba to have an open and stable administration, with a regulatory system transparent enough to encourage businesses to invest their capital on the island’s neglected tourism infrastructure. In addition, Cuba has a lot more competition now than it did back then, with  numerous destinations offering casino gambling available in the US, or on islands scattered around the Caribbean.
Nevertheless, the Caribbean’s largest island has always held a fascination in the minds of tourists drawn towards its beautiful scenery, friendly people, and lively music, and as Michael Pollock explains: “But it’s a beautiful island, and there’s an enormous curiosity factor.”


Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to