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Casino revenues continue skid; Encore off $3 million in October

By Josh Resnek

Gaming revenues fell at Encore Boston Harbor by another $3 million in October, according to figures released last Friday by the Massachusetts Gaming Commission.

October figures totaled $45.8 million. September figures were $48.9 million.
The soft gaming revenue figures have been a in downward spiral since August.

August figures showed $51 million in gaming revenues from the Everett casino.

Studying the casino revenue chart reveals total gaming revenues down more than $6 million since August.

Casino officials have previously said that the casino is presently in a building phase of the business that is expected to take as long as three years to grow properly to achieve maximum revenues.

Casino officials pointed out last week that when the doors opened at Encore in late June, there were zero customers.

The Encore Red Card list now stands at closer to 250,000 members and is growing.

A variety of business building offers and incentives have been instituted during the first 90 days of operation.

Nearly all the incentive programs have worked, according to Encore officials.

Table game revenues suffered the biggest downturn in income and accounted for nearly all the $3 million skid from September.

Slots revenue remained soft but steady with a bit over $21 million in business in October, which was nearly the same in September.

The slowdown in slots gaming revenues has been a industry wide phenomena here in New England.

Despite the downward gaming revenue trend, which is expected throughout the holiday season, Encore’s figures literally bury MGM Springfield and Plainridge combined.

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