Skycity Switches From Potential Casino Sale, To Improvements
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Skycity had been down in the dumps. The casino had been under performing and watching revenue drop. The owner was so discouraged that the casino was put on the market for sale.
Improvements have been made and financial savings have taken place. That has led to the owner deciding that the casino will no longer be on the market.
Executive Director Elmar Toime has announced that due to the recent turnaround at Skycity, the company will no longer be selling the casino. Instead, they will be searching for ways to draw people back to the venue.
“We’re thinking hard about how to make it once more an exciting place to visit,” said Toime. He did not go into detail as to what changes might be made, or what promotions might be coming.
Although the casino is doing better than it had been, it still saw a two percent decrease to 62.5 million in its latest half year revenue results released today.
Last year, a smoking ban was signed into law and executed. The casino saw business decrease because of the ban. November and December had revenue down eight percent, mainly due to the ban.
St. Croix Getting New Hotel And Casino From Wyndham
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St. Croix is getting ready to receive a boost from a big time developer. Wyndham Hotels and Resorts is bringing a new casino and hotel to the area, located in the U.S. Virgin Islands.
Wyndham St. Croix Golf Resort and Casino will be the name of the establishment. It will be part of a bigger expansion that will bring an entire conference center complex to the area. The cost of the whole project is estimated at $250 million.
An eighteen hole Jack Nicklaus signature golf course will be one of the draws for the resort. It will also include a 17,000 square foot spa and fitness center. The casino will be 25,000 square feet.
The hotel will be 400 rooms of luxury. This spring is the target date to begin construction on the complex. The hope is that it can be operational sometime in 2010.
Wyndham Hotel Management Co. will be the manager of the property. Once built, it will become the twenty fifth resort that Wyndham will have in Mexico and the Caribbean.
The new resort will also help out the economy in St. Croix. It is estimated that 1,200 permanent jobs will be created. While construction is taking place, there will also be 1,000 temporary jobs for construction workers.