Maddox said the company sees more demand for slot machines than supply that’s limited by the state’s restrictions.“Encore Boston Harbor is experiencing what many regional casinos are experiencing around the country,” Maddox said, noting slots volumes are increased despite the smaller pool of machines. The casino’s plan emerges nearly two months after Encore Boston closed on March 15, along with the state’s other two casinos, MGM Springfield and Plainridge Park Casino. CBS Boston reported that the casinos were expected to undergo a “deep clean” during the closure. “Slot volumes are actually quite good.”Note to readers: if you purchase something through one of our affiliate links we may earn a commission.Registration on or use of this site constitutes acceptance of our © 2020 Advance Local Media LLC. Maddox said the company sees more demand for slot machines than supply that’s limited by the state’s restrictions.“Encore Boston Harbor is experiencing what many regional casinos are experiencing around the country,” Maddox said, noting slots volumes are increased despite the smaller pool of machines. Encore Boston Harbor reopened July 12, about a month later than the company’s Las Vegas casinos, after the state moved into Phase 3 of its reopening plan.
After months of ramping up the Everett casino, Wynn Resorts reported that Encore Boston Harbor finished the second quarter $53.8 million in the red as it remained closed due to the COVID-19 pandemic.The $2.6 billion resort casino’s losses highlight the financial hit Wynn Resorts took as it retained its employees while it was shut down for part of the first quarter and for the entire second quarter. The Massachusetts Gaming Commission voted unanimously on Saturday morning to close Encore Boston Harbor, MGM Springfield and Plainridge Park Casino as quickly as possible. Nor do the losses include the $19.3 million the company spent to continue paying the Everett staff’s salaries and benefits between April 1, the start of the second quarter, and May 15.CEO Matt Maddox said the company avoided job cuts to preserve its brand even after the Everett and Las Vegas properties shut down in the wake of COVID-19.“We decided to pay all 30,000 team members their full wages and benefits through the closure, through the end of May, because we knew that over the long term our brand and our culture are what is going to lead us out of this and will continue to allow us to lead in this industry,” Maddox told investors Tuesday during the company’s quarterly earnings call.In late June, Encore announced furloughs for 3,000 employees.Wynn Resorts reported $85.7 million in operating revenues for the second quarter, a close to 95% drop from what the company reported this time last year.The company’s operating revenues fell by $1.57 billion with Wynn Palace losing $620.2 million, Wynn Mcau losing $534.6 million and the Las Vegas properties losing $399.3 million compared to the second quarter of 2019, according to the company.Encore Boston Harbor reopened July 12, about a month later than the company’s Las Vegas casinos, after the state moved into Phase 3 of its reopening plan.
Every other slot was turned off to keep slots players at least 6 feet apart.After the reopening in July there are 1,900 slot machines, 560 table games and the private rooms are still available.
“Slot volumes are actually quite good.” Massachusetts casinos have been closed since March 15 because of the coronavirus pandemic. After months of ramping up the Everett casino, Wynn Resorts reported that Encore Boston Harbor finished the second quarter $53.8 million in the red as it remained closed due to the COVID-19 pandemic.The $2.6 billion resort casino’s losses highlight the financial hit Wynn Resorts took as it retained its employees while it was shut down for part of the first quarter and for the entire second quarter. All rights reserved (
Encore Boston Harbor, closed for nearly four months due to COVID-19, finished second quarter $53.8 million in the red (WHDH) - Encore Boston Harbor announced it will close its casino for two weeks, beginning Sunday morning, amid concerns about the spread of the coronavirus. Nor do the losses include the $19.3 million the company spent to continue paying the Everett staff’s salaries and benefits between April 1, the start of the second quarter, and May 15.CEO Matt Maddox said the company avoided job cuts to preserve its brand even after the Everett and Las Vegas properties shut down in the wake of COVID-19.“We decided to pay all 30,000 team members their full wages and benefits through the closure, through the end of May, because we knew that over the long term our brand and our culture are what is going to lead us out of this and will continue to allow us to lead in this industry,” Maddox told investors Tuesday during the company’s quarterly earnings call.Wynn Resorts reported $85.7 million in operating revenues for the second quarter, a close to 95% drop from what the company reported this time last year.The company’s operating revenues fell by $1.57 billion with Wynn Palace losing $620.2 million, Wynn Mcau losing $534.6 million and the Las Vegas properties losing $399.3 million compared to the second quarter of 2019, according to the company.After the reopening in July there are 1,900 slot machines, 560 table games and the private rooms are still available.
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