Treasure Island has lost its federal lawsuit seeking COVID-19 insurance compensation in Nevada's U.S. District Court. Judge Cristina Silva, appointed by President Joe Biden, presided over the case.

Macau's gaming industry has shown mixed performance throughout the pandemic recovery:

• August 2023 saw improved casino revenue due to favorable calendar conditions
• July 2023 recorded MOP18.6 billion (US$2.31 billion) in combined casino wins
• Total gaming revenue for 2022 was $5.25B, with operators hopeful for 2023 recovery
• The region reached $22.7B in casino wins for 2023

Notable developments in the gaming industry:

• Hotel room capacity in Macau has expanded to nearly 47,000 rooms
• Casinos have modified amenities, including free drinks and snacks, due to government mandates
• Mass market gaming has driven revenue to its highest monthly mark since January 2020
• The Macau government projects 33M visitors in 2024, approximately 84% of 2019 levels

Important policy changes:

• The 2021 World Series of Poker implemented mandatory COVID-19 vaccination requirements
• Macau casinos face increased requirements for non-gaming investments
• Government initiatives include free bus services from Hong Kong for Taiwan visitors
• Casino operators are being encouraged to increase wages

Recent facility updates:

• Circa Casino is expanding its hotel room capacity
• Harrah's New Orleans is rebranding to Caesars with a new hotel opening
• Boyd Gaming maintains Eastside Cannery licenses despite continued closure
• Ocean Casino Resort in Atlantic City lost its COVID insurance relief lawsuit

Corporate developments:

• Melco Resorts awarded its CEO a stock bonus despite company challenges
• Lawrence Ho acknowledged the company "cut too deep" and lost market share
• Casino stocks experienced significant drops during China's COVID-19 spikes
• The government reports a decrease in gaming-related crimes

The industry continues to adapt to post-pandemic conditions, with operators focusing on recovery strategies and meeting new regulatory requirements while expanding non-gaming offerings.

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