Massachusetts September casino revenues lackluster

ENCORE BOSTON HARBOR reported $150 million in gross gaming revenue from July through September, putting the Everett casino on pace to bring in roughly $600 million.

A little Las Vegas in Everett
A Wynn Resorts image

– News covered by Quincy Quarry News with commentary added  

Massachusetts September casino revenues lackluster.

Encore Boston Harbor reported $150 million in gross gaming revenue from July through September, putting the casino on pace to bring in $600 million over its first full year of operation if current trends continue.

The numbers released on Tuesday suggest Wynn Resorts has a long way to go to reach its “base case” goal of $1 billion in annual operating revenues and even its “low case” target of $900 million.  Company officials said in a July presentation to investors it may take three years to ramp up to those levels.

The new numbers released on Tuesday suggest Wynn Resorts has a long way to go to reach its “base case” goal of $1 billion in annual operating revenues and even its “low case” target of $900 million.  Company officials said in a July presentation to investors it may take three years to ramp up to those levels.

For September, however, things are not encouraging to make it to a billion anytime soon.  Slot and table game revenue dropped to $49 million from $52.5 million in August and for the first time table game revenues declined, falling 16 percent to $27 million in September.  Slot machine revenue, however, hit its highest level yet at Encore in September, rising 8 percent over its August numbers to $21.9 million.

The news was also so so at the state’s two other casino properties – MGM Resorts in Springfield and Plainridge Park Casino in Plainville.

MGM saw its total slot and table game revenue fall in September to nearly $19.9 million, the lowest level since January and the second-lowest monthly level since the casino opened in August 2018.

Plainridge Park, a slots-only casino, saw total revenues slip to $11.5 million in September, the lowest level since December 2015.  September revenues were the second-lowest ever since Plainridge opened in June 2015.

Source: September casino revenues lackluster

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