![]() Ross Perot might have put it, the “sucking sound” heard in New England was the profits from Indian casinos in Connecticut being Hoovered in the direction of the Encore.įoxwoods’ slots revenue declined 11.8 percent in June and the Mohegan Sun’s revenues fell 5 percent. ![]() ![]() Nevertheless, the results indicate that it is entirely doable to achieve Wynn Resorts’ announced goal of $1 billion and EBITDA of $275 million by the third year of operation.Īs the late H. The first week’s revenues, if extrapolated to annual revenue, would produce $870 million in revenue. The facility’s 242 gaming tables collected another $7.67 million in the first eight days. That runs counter to Boston ADRs, which typically decrease from July to August.Ībout half of the Encore’s revenues came from its 3,158 slot machines, which generated a 90.25 percent return on wagers. They note that average daily rates have hovered around $690 in July and are increasing to $706 in August. The Massachusetts Gaming Commission reports that Encore took in $16.79 million in revenue its first week, which translates to $2 million a day, compared to $20 for the entire month at MGM Springfield and $13.5 for June at Plainridge Park.Īnalysts are paying close attention to room rates, which can provide a clue to how well a casino is doing. The $2.6 billion Encore Boston Harbor in Everett, Massachusetts, the largest commercial casino on the East Coast, opened its doors on June 23.
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