On Tuesday, the Massachusetts Gaming Commission released the January numbers for the casinos operating in Massachusetts. The summary of this is that it came with both winners and losers. Encore Boston Harbor, operated by Wynn Resorts was the biggest loser of the day, having generated gaming revenue of $48.6 million, which was a $5.4 million decline from its revenue in December.
In contrast, MGM Springfield and Plainridge Park recovered from their poor performance in December. MGM Springfield’s revenue was up by $1.65 million to earn $20.6 million while Plainridge’s total revenue was $11.1 million, a $900,000 increase from its December revenue.
Encore’s poor performance can be highly attributed to a dip in table games. Revenue from the table games reduced by $7 million to $24.4 million. This was the second-worst performance on table games since the gaming venue was opened seven months ago. According to the news by the gaming website, CalvinAyre.com, the figures showed a flip in a script by the casinos.
Despite this, the slots revenue was up by $1.5 million to $24.17 million, marking a new record. Encore is tastefully designed with a glittering interior. In addition, it has a high table minimum. These two factors have contributed to it being labeled as a high-end gaming venue.
However, Encore has been trying to rid itself of this perceived image. It is working hard to appear welcoming to the low and middle-class gamblers. Recently a food truck christened the Encore Cantina, was opened inside the gaming venue.
A low-cost Italian eatery is set to open its doors soon inside the gaming venue. According to Encore President, Brian Gullbrants, Encore is trying its best to ensure they do not alienate some of their prospective customers.
They want to ensure every customer feels like a million bucks, even though they are not going to spend as much. The company may also be planning on constituting a department that is exclusively dedicated to following up on these customers.
In other news, State Representative, David Nangle was hit with a federal indictment on Tuesday. He is being accused of bank fraud, making false bank statements and filing tax wrongfully. He appeared before the Boston Federal Court where he pleaded not guilty to all the charges.
Nangle is known for his extensive gambling in casinos all over the state as well as his addiction to online gambling where he would place thousands of dollars. However, it seems his $100,000 annual salary could not meet his gambling needs and has therefore accumulated gambling debt overtime.
Consequently, he started using campaign money to fund his gambling ventures. There’s some unconfirmed evidence that he ended up personalizing the Nangle Committee to an extent of assuming and using its bank account to transact for his own benefits. In May 2018, he allegedly hit a $1,221 slots jackpot at one of the tribal casinos in Connecticut.
According to the laws of the state, any winnings over $1,200 need to be recorded. Allegedly, Nangle paid someone else to claim the prize on his behalf, so as to keep his name off the records.