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US – Massachusetts casinos see 9.6 per cent monthly rise but still 40 per cent down

By - 18 January 2021

Massachusetts three casinos; Wynn Resorts’ Encore Boston Harbor, MGM Resorts’ MGM Springfield, and Penn National’s Plainridge Park, generated revenues of $49.8m in December, representing a fall of 40.1 per cent from a year ago.

December’s total gave a 9.6 per cent increase over the $45.4m from November’s earnings. Massachusetts casinos are operating with reduced capacity of 25 per cent and reduced operating hours with a curfew seeing them shut at 9:30 p.m. each evening.

Throughout the month of December, GGR at Encore Boston Harbor was $29.3m, a fall of 46 per cent from a year ago. MGM Springfield generated $11.4m of GGR, down 40 per cent. Plainridge Park’s GGR of $9.2m was a 10 per cent drop in 2019’s revenues. Plainridge Park saw its slot revenue increase from $107.7m in November to $124.6m in December.

Bruce Band, assistant director of the Gaming Agents Division of the Massachusetts Gaming Commission, said: “This time of year tends to be a little slower time of year, anyway. So we are kind of lucky with that anyway.”

J.P. Morgan analyst Joe Greff said Encore had a market share of 59 per cent.

Caption: Stadium gaming at MGM Springfield

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