Encore Boston reports $52m in August

The Everett facility registered US$32.2 million in table revenue.
The Everett facility registered US$32.2 million in table revenue.

The Encore Boston casino reported its second month of financial activity and totalled US$52.4 million in revenues in August.

US.- The Massachusetts Gaming Commission released this week the financial report from August operations. Encore Boston Harbor generated US$52.4 million in revenues, although the facility considers that its slots performance was “soft”.

The Everett facility registered US$32.2 million in table revenue, while slots revenue amounted US$20 million during last month’s operations. Total gaming revenue in August was US$4 million higher than what it registered in July. However, slots revenue declined by US$1 million.

Bob De Salvio, president of Encore Boston Harbor, said that they have experienced great revenue results in the first two months of operations. However, he mentioned that slots revenue was still low and that the company is considering making some changes.

“We’re actually adding a few more tables on the casino floor as we speak, but I will tell you the slots business has been soft,” he said.

MGM Springfield underperforms in its first year

MGM Springfield’s first year of operations wasn’t as good as expected. Gaming revenue at the casino was approximately US$144 million below the projections for the first year of operations.

The Massachusetts Gaming Commission released a report detailing that MGM’s gambling revenue increased 2.7% month-on-month in August. However, the numbers also indicate that in its first year, the casino’s gross gaming revenue (GGR) was lower than expected.

MGM totalled US$273.8 million from August 24, 2018, to August 30, 2019. The casino told regulators that it would bring approximately US$417 million in its first year of operations. This equals to an average of US$34.8 million a month. However, MGM Springfield averaged US$22 million a month, its highest happening in March with US$25.7 million.

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