Latest developments in Caribbean gaming reveal significant regional growth and changes:

Baha Mar Construction Update: Chinese construction firms linked to the $1.6B Baha Mar project have pledged Bahamian assets as collateral while seeking a stay on recent court rulings.

Major Casino Developments:

• Casino Metro in San Juan announced $6.2M in upgrades
• Ponce Plaza Casino partnered with IGT for sports betting technology
• Puerto Rico launched its first fully domestic sportsbook
• Casino Del Mar added a new high-roller gaming room

Cruise Industry Changes:

• Crystal Cruises reintroducing casinos for 2024 sailings
• Carnival implementing progressive table games
• Royal Caribbean replacing jazz clubs with smoke-free casinos
• Extended Casino Club earning period for Celebrity Cruises

Regional Market Updates:

• Dominican Republic reports increasing gambling revenue
• Jamaica emerging as significant gambling market
• Curacao established new iGambling reform timeline
• Bermuda's casino plans remain stalled despite six-figure executive salaries
• Guyana's Ramada Hotel Casino suffered recent fire damage

Sports Betting Expansion:

• Puerto Rico's betting market showing strong returns
• Caesars launched digital sportsbook operations
• BetMGM establishing presence in regional markets

Tourism Impact: New gaming regulations and developments are significantly influencing Caribbean tourism, with major resort brands expanding their presence and modernizing facilities to meet increasing demand.

Note: Regional gaming continues evolving with increased regulation, modernization efforts, and expansion into digital platforms, particularly in sports betting and online gaming sectors.

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