Encore Boston Harbor Takes US$16.9m
Encore Boston Harbor took in $16.9m in gaming revenue during its opening week comparing to MGM Springfield’s $9.5m when it launched in 2018
Competition increases in Massachusetts as Boston Harbor performs strongly, MGM weakens and Mohegan and Foxwoods feel the pinch
MASSACHUSETTS OPERATIONS
Wynn’s Encore Boston Harbor complex in Everett raked in $16.8m in gambling revenue during its first week in business, according to the Massachusetts Gaming Commission. Te $2.6bn resort built on Boston’s doorstep generated almost as much revenue in one week as MGM Springfield, the state’s other full- service casino, collected in an entire month. Te smaller MGM casino had nearly $20m in gambling revenue in June, its second-slowest month since opening last August. Te state collects 49 percent of the gross gambling revenue at Plainridge Park Casino in Plainville and 25 percent at MGM Springfield and Encore Boston Harbor. In June alone, those numbers totaled nearly $16m in taxes.
Te figures confirm that Wynn has started strongly, while it’s another worrying month for MGM. Currently there’s a surprisingly high percentage of casino revenue coming from table games versus slot machines at Encore in that first week. Nearly $7.7m, or more than 45 per cent of total gambling revenue, came from table games such as blackjack and roulette. revenue share of nearly 50-50 split between slots and tables at Encore Boston Harbor is highly unusual in US casinos.
However, MGM’s $950m casino in Springfield
Employees mark 30 years of customer and community support
Nevada
At the beginning of July, employees at GLI marked the company’s 30th anniversary by serving GLI’s customers and giving back to host communities around the world.
Since the beginning, GLI has been fulfilling its mission to help regulators, suppliers and operators with “obsession- level” customer service and has tested and certified more than three million items in more than 475 jurisdictions.
President/CEO James Maida said, “We're obsessed with customer service and go out of our way for every regulator, every supplier, and every operator. We walk through
also started out strong. Te company reported $9.5m in gaming revenue for its first week, in August 2018, mostly from slots. Penn National opened Plainridge four years ago, but that casino features slot machines and not table games and lacks many of the amenities offered by full-scale resort casinos such as MGM and Encore. (Still, Plainridge pulled in $13.5m in revenue last month, all from slots.)
Te region’s casino market has become increasingly crowded in the past year. Along with MGM Springfield and Encore Boston Harbor, Twin River opened a new casino just over the Massachusetts state line, in Tiverton, R.I. Te gambling commission also continues to weigh whether to allow a third full-service casino, which would be in Southeastern Massachusetts. And the Mashpee Wampanoag tribe hopes to open a tribal casino in Taunton, despite legal challenges.
Meanwhile, the operators of the two Connecticut tribal casinos, Foxwoods and Mohegan Sun, have teamed up to open a third casino in that state, in East Windsor, to protect their northern flank from MGM. Tey have good reason to be concerned: Both Connecticut casinos have reported declines in slots revenue every month since MGM opened.
walls to get them what they need. Tat is something Paul Magno and I have been passionate about since we founded the company in 1989, and it’s something we are equally passionate about to this day.”
With a sharp focus on customer service, the company has experienced strong growth. GLI began with two employees, one location, and three customers. Today, the company has 1,250 employees, 24 locations, and hundreds of customers spanning the gaming industry.
GLI also has a 30-year history of giving back. Te most recent example was a canned food sculpture competition, where employees created sculptures in several of the company’s labs and lobbies, then delivered food and cash donations to various food banks in GLI host communities.
Florida
Grand opening dates have been announced for the combined $2.2bn expansions of the Seminole Hard Rock Hotel & Casino Tampa and the Seminole Hard Rock Hotel & Casino Hollywood, where the world's first guitar hotel and casino complex is on track to open October 24 in Florida..
Te announcement follows the October 3, grand opening of a major expansion of Florida's largest casino, the Seminole Hard Rock Hotel & Casino Tampa. Te $1.5bn expansion of the Seminole Hard Rock Hotel & Casino Hollywood includes an iconic guitar hotel that can be seen for miles. Like a beacon, it stretches 450 feet into the South Florida sky and is already generating global interest as an integrated resort destination that rivals the world's most iconic landmarks.
MASSACHUSETTS – When the Encore Boston Harbor opened in Everett, Massachusetts, visitors were greeted by a suite of Transact Technologies products including the Epic Edge and Epic 950 TITO printers installed in all of the property’s more than 3,150 gaming machines, with more than 60 per cent of the installed Epic printers represented by TransAct’s next-generation Epic Edge.
“In 2005, the iconic Wynn Las Vegas was the first casino property worldwide to select the now industry-leading Epic 950 printer for all of their electronic gaming machines as the gaming industry began to adopt TITO as the standard for cash handling on the casino floor,” said Bart C. Shuldman, Chairman and Chief Executive Officer of TransAct Technologies. Now, nearly 15 years later, we are delighted that Wynn Resorts is again entrusting all of their electronic gaming machine printing needs at the spectacular new Encore Boston Harbor to our industry-leading product portfolio.”
Mr. Shuldman added, “TransAct has been a trusted supplier to Wynn Resorts in Las Vegas and Macau for more than 14 years and we are delighted to continue our relationship with one of the industry’s iconic operators as they inaugurate the world’s next new casino and entertainment destination in Boston. We believe our Epic printers will help set Encore Boston Harbor apart and assist the world renown Wynn Resorts team to create for their customers an unsurpassed experience.”
ILLINOIS – The Illinois Gaming Board has asked gaming analysts at Union Gaming to oversee a feasibility study for a casino in Chicago.
Union Gaming will present its study regarding the feasibility and ability to finance a casino in Chicago to Governor Pritzker and Chicago Mayor Lori Lightfoot in August.
The expansion will allow five casinos in the Chicago suburbs, as well as a much bigger integrated casino resort in the Chicago’s downtown area. The study will focus on the feasibility of the downtown development.
NEVADA – GLI has named Tina M. Kilmer, PE as Senior Director of Engineering. Kilmer has more than 20 years of global gaming experience and is a registered Professional Engineer (PE) with a
proven record of success in developing a culture of compliance and delivering exceptional results in highly competitive environments. Her areas of expertise include technical compliance, program management, product development, project management, and strategic planning and execution.
NEWSWIRE / INTERACTIVE / MARKET DATA P25 NORTH AMERICA
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