Revenue – Page 2 – Everett Leader Herald

Encore With Huge Month Brings In Over $64 Million In Gaming Revenues

Online Sports Betting On The Way

By Josh Resnek

Encore Casino and Hotel continues to rack up great numbers as July revenues came in way over June by almost $4.7 million.

July’s numbers continued a winning streak in revenues that has dominated Encore for the past five to six months while the state’s two other casinos are appearing to muddle along with numbers that are not changing very much from month to month.

Slots at Encore brought in a staggering $35 million in July, a whopping $3.6 million more than was generated in June, according to the Massachusetts Gaming Commission, which released the figures as usual on the 15th of August.

Table games games were up $1 million over June at $29.7 million.

The strong gaming figures indicate the continued success of Encore in identifying its customer base and delivering what its customers want, according to casino analysts.

As good as these figures are and have been, gaming revenues are expected to go over the top when online betting is finally available.

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May Encore Gaming Figures Tank

By Josh Resnek

Encore Boston Harbor reported weaker than usual revenues at its Everett complex in May.

The total take for table games and slot machines was down almost $6 million from April – which was a banner month.

In April, Encore took in $63.7 million as compared with May’s $58 million.

The Spring take was not as hearty as the late winter spurt Encore experienced.

Some casino analysts claim inflation could have been the cause of the weaker showing.

Tourist visitation to Boston is not what it used to be. Plane flights have grown expensive as the cost for jet fuel has soared.

Conventions and business meetings have plunged in the aftermath of the Pandemic, when much of that business was simply cancelled out and the casino closed for several months.

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Encore Cranking Bigtime With Another Spectacular Revenue Month

By Josh Resnek

Revenues were down by slightly over $1M from March to April at Encore Boston Harbor Hotel and Casino but it was a big month never the less.

Some victories cannot be equated with revenues, and last month, was a big moment for the Encore Hotel being given a five star designation by Forbes Travel.

It was also a stellar revenue month with the largest take in the casino’s short history.

Last month, Encore took in $64.8M in gaming revenues.

An unbelievable $35.1M was bet using slot machines while $29.6 M was bet at table games.

Then came April.

There was a slight tail-off in gross volume, but the take remained unusually high and steady.A report issued this week by the Massachusetts Gaming Commission revealed that April revenues came in at $63.7M, off just $1.1M from the March results.

The breakdown was this: $29.6M in table game revenues and $34.1M in slot revenues.

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January Revenues Tumble at Encore; Down $9 Million From December

February 20: Encore Boston Harbor. (Photo by Jim Mahoney)

By Josh Resnek

January revenues at Encore Boston Harbor Casino and Hotel tanked in January, dropping about $9 million over December’s end of the year flourish.

January’s figures were down about 12%, according to figures released last week by the Massachusetts Gaming Commission.

Slot machines did more business by $1 million than table games in January.

Overall, 2021 figures were up 80% over 2020, when the COVID-19 disaster was wreaking havoc on every sector in the national and world economy.

No reason is given by the MGC or from Encore about the reason for such a dramatic drop in revenues.

Encore finished the year strong with several months over $60 million.

Such figures gave rise in the industry to the belief that Encore was finally finding its place in Boston and Greater New England.

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By the numbers Encore on a roll

Leader Herald Staff

The Encore Boston Harbor Casino and Hotel racked up impressive numbers in October.

Encore took in $5.3 million more in gaming revenues in October than September, according to records released this week by the Massachusetts Gaming Commission.

Encore’s gaming income totaled $62.8 million as compared with September’s figure, which was a record, of $57.4 million.

Encore generated an unbelievable $32.2 million from slot machines.

Its table game take amounted to $30.5 million. These figures do not include revenues generated by the hotel or rents and revenues generated by the restaurants operating inside the entertainment complex.

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