Encore Boston Harbor Casino | 1 Broadway | Everett

Equilibria

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I was thinking about how strongly the theming at Encore deliberately evokes Chinese aesthetics. How much do we think that is trying to appeal to the local Asian American population and how much is trying to appeal to Chinese nationals?
It's Chinese nationals, either those here for business or those visiting students/colleges.
 

whighlander

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It's Chinese nationals, either those here for business or those visiting students/colleges.
Equilibria -- sounds as if due to the Wuhan Coronavirus -- not too many of either will be flying into Boston for a while at least

Last flight into Logan from China is today -- after that for the duration only 7 airports will be allowed to have any flights to/from China with the only one in the entire Northeast Corridor being JFK
 

whighlander

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2/8 from Symmes Arlington. I really do love the color of this one.

IMG_0271 by David Z, on Flickr
DZH -- just a bit off topic -- but have you ever gotten a shot showing the two really Really-Big Natural Gas fired generation units cranking a spewing a giant plume on each of the stacks

I was driving down Rt-2 Sunday at noon -- about 3 weeks ago -- heading for my volunteer thing at the MOS -- and it was as if someone had two huge Tea Kettles ready to pour the water on the tea leaves -- spectacular plumes sticking nearly straight up for roughly 2X the height of the stacks

Unfortunately -- by the time I'd gotten my camera limbered-up and ready to go the view of the stacks was obscured by the nearby terrain and structures -- Damn would have been a spectacular shot
 

jass

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More trouble in paradise

Encore Boston Harbor continues to struggle in Massachusetts. The $2.6 billion casino reported a 10 percent decline in gross gaming revenue (GGR) last month.

Casino win for Encore Boston totaled $48.57 million in January. That’s a 10 percent decline compared to December, when the casino kept $54 million.

Encore’s struggles weren’t felt at the state’s two other casino properties. MGM Springfield GGR came in just shy of $21 million, a 10.5 percent gain on December. Plainridge Park, the slots-only facility, won a little more than $11 million, which was a $1 million premium on the prior month.

Wynn projected its first-year full GGR would total $800 million. Through seven full months, casino win is at $362.5 million. Encore Boston continues to alter its operations away from the VIP towards more of the general public, the latest developments being lower table minimums and cheaper food offerings.

...

MGM told the state its casino would win around $34.8 million each month. Since opening in late August of 2018, the casino has never once hit even the $30 million mark. Its best month on record was its first – September 2018 – when GGR was $26.9 million.
 

kjdonovan

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Not gonna feel too bad for them if it tanks.
Unless you live in another city, I think you're going to feel bad if this place closes. I've never spent a quarter on the gaming floor but value the millions in environmental cleanup, expanded paths, beautiful gardens, job creation and incentive to transform an industrial afterthought.
 

DZH22

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If Massachusetts approves sports gambling the revenue should improve. I think they made some early errors with this, in particular cutting the "frills" that actually might attract more people, such as the arena-type venue. Also, what kind of casino hotel doesn't have a (huge) pool? I went once and there really wasn't much of anything to do here besides gamble or go to an expensive restaurant. I do want to return one more time to try the buffet but that's it.
 

jass

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Wynn is arguably the most successful casino operator in the world. The Wynn in Vegas is the most profitable casino in the US. And Wynn's table game pricing policy is entirely in line with standard industry best practices and economic theory.

Unless you have any evidence that Wynn doesn't know what they're doing with respect to game pricing, I'll move forward under the assumption that they do.
I wonder if you still stand by this?
 

Ruairi

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If Massachusetts approves sports gambling the revenue should improve. I think they made some early errors with this, in particular cutting the "frills" that actually might attract more people, such as the arena-type venue. Also, what kind of casino hotel doesn't have a (huge) pool? I went once and there really wasn't much of anything to do here besides gamble or go to an expensive restaurant. I do want to return one more time to try the buffet but that's it.
This, not sure what they were expecting.
Boston is a sports mad city, tap in to that and they'll do ok.
I doubt they are that concerned about 2020 revenue. They are thinking 10 years out.
 

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