Casinos continue sluggish performance
December 16, 2019
NOVEMBER FIGURES SHOW continued weakness in the Massachusetts casino industry, where fears of market saturation in the Northeast appear warranted and revenue projections for the state’s dive into the casino world look as though they were overly optimistic.
Plainridge Park Casino in Plainville recorded its worst full month since opening in 2015, with $10.9 million in gross gaming revenue at the Plainville slots facility.
Some of the decline in revenue at the two facilities can no doubt be chalked up to the opening in July of Encore Boston Harbor. The Wynn Resorts casino in Everett had $47.3 million in combined slots and table game revenue in November. That was an increase from $45.8 million in October, but was the second worst full month of operation for Encore since it opened. Based on its first five full months, Encore is on course to generate $583 million in gross gaming revenue over its first year, far short of the more than $800 million Wynn had previously projected.