With that database of customers, Maddox assured investors that the company is "tweaking" its messaging with the goal of generating more repeat customers. "Fast forward 136 days, we have 250,000 people in our database." "When we opened our doors, in our local database, we had zero customers," he said. ![]() On a conference call following the earnings release, Wynn Resorts CEO Matt Maddox said revenue from the hotel and table games was "quite encouraging." He predicted that revenue from slots would take time to "ramp up." ![]() So far, the commission reports, a 25% state tax has brought in about about $37.5 million.Īt the current pace, the casino will fall short of the $800 million in revenue that the company previously estimated it could bring in during its first year. The Encore Boston Harbor resort and casino generated $175.8 million in operating revenue during its first full quarter of business, according to earnings numbers reported Wednesday by its parent company, Wynn Resorts.Īccording to the company, 65% of that revenue - $114.9 million - came from the casino, while the other $60.9 million came from non-casino revenue sources, including food and beverages, entertainment, retail sales and hotel rooms.ĭuring the most recent quarter, which included July, August and September, Encore generated about $150 million in gross gaming revenue from slots and table games, according to the Massachusetts Gaming Commission. (AP Photo/Charles Krupa) This article is more than 3 years old. Casino workers near the gaming floor at the Encore Boston Harbor casino in Everett.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |