Higher slot machine taxes ‘one more nail in the coffin’
17th August 2006

Casino closings, job losses and the stunted development of hotel projects are a few of the consequences that may befall the tourism industry if the Puerto Rico Tourism Co. (PRTC) goes through with its plan to raise slot machine taxes, several developers and casino operators told CARIBBEAN BUSINESS. They pointed to several hotel developments in the pipeline that may be scuttled, given that the predicted revenue stream from proposed casino operations would be staunched, forcing investors and lenders to reassess their financial commitments to said projects. One such project is the troubled Sheraton Convention Center Hotel, whose financing one developer called “precarious” and which may fall apart if the projected revenue stream from its casino were altered.

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Wyndham Enhances Its Puerto Rican Casinos; Streamlines Experience for Players and Guests; New Technology Improves Overall Customer Experience to Build Stronger Player Loyalty and Business
18th Apr 2005 - Newswire

Continuing to deliver on its brand philosophy of listening and responding to guest needs, Wyndham International, Inc. (WBR), the largest casino operator on the island of Puerto Rico, is investing $16.5 million into a series of gaming upgrades to its world-renowned Puerto Rican casino properties, designed to enhance the entire guest experience.

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