Encore May figures steady at $62.5M for May

Sports betting down

By Josh Resnek

Everett’s casino sports betting industry had a good May taking in , an amount not appreciably changed from April.

May receipts totaled $62.5M according to a report released by the Massachusetts Gaming Commission.

This compares to April’s receipts which totaled $63.9M or about 1.4M more than May as reported last week.

For the past year, Encore’s figures have been growing on the strong side with no month less than at least $60M.

At the other end of the wagering spectrum, the $70M figure remains elusive presently for national gaming giant Wynn Resorts.

Business this spring at the casino and the hotel has been robust, according to a number of our readers who gamble and or stay at the casino’s five star hotel.

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MA SPORTS BETTING RESULTS APRIL

By Josh Resnek

Sports betting in Massachusetts amounted to $546M in April with taxes paid to the state over $11.7M, according to a report released by the Massachusetts Gaming Commission.

Of the six major sports betting operations licensed to operate in Massachusetts, DraftKings by far and away drew the most betters and accrued the largest amount of sales.

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Casino Expansion Includes Dedicated Card Room Space

By Leader Herald Staff

Encore Boston Harbor casino. (Photo by Jim Mahoney)

The Massachusetts Gaming Commission announced last week it is carefully discussing whether or not to allow the planned expansion of table gambling from the Encore site on the former Monsanto property

to a site across the street on property not part of the footprint where gaming is allowed by right.

Some months back, Encore announced it was going to build an entertainment venue with thousands of seats and a parking garage.

The MGC learned Encore is hoping to have a dedicated gambling area at that new site.

The caveat – the new site is not approved for gaming.

Only the former Monsanto site is approved for gaming. As part of the original deal that brought Wynn Corporation to Everett in 2013.

The question is, can gaming be allowed across the street at the new entertainment facility?

According to the MGC, that is exactly the question being looked into by commissioners and by MGC lawyers.

Such a question is not expected to excite much negativity on the part of the MGC.

The MGC tends to be a flag waver for whatever Encore wants to do.

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Encore cools off with arrival of fall; revenues drop, stock jumps Monday

Gaming figures at Encore for the month of August were down about $6 million from July.

By Josh Resnek

Encore Boston Harbor Casino and Hotel revenues dropped about $6 million from August when reported by the Massachusetts Gaming Commission on the 15th of September.

The softening of the casino marketplace as the seasons change was not expected, but then, there is a great deal of volatility to the marketplace and no real way to predict what exactly figures will be from month to month.

The big news this week was the announcement by the government of China that the gambling resort in Macau has a new and improved COVID-19 recovery plan.

This is expected to allow thousands more gamblers the possibility of visiting the resort’s gaming houses without running into complicated difficulties with restrictions caused by COVID-19 which has plagued the industry there since 2020.

News surfaced over the weekend that Macau had been OK’d to resume issuing electronic visas for individuals and tour groups in late October or early November. J.P. Morgan analyst Joseph Greff said that would be the “first meaningful” easing of travel restrictions to the gambling center since the start of the COVID-19 outbreak.

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