{"id":4911,"date":"2019-11-08T08:25:09","date_gmt":"2019-11-08T08:25:09","guid":{"rendered":"https:\/\/www.casinosrealmoney.com\/news\/?p=4911"},"modified":"2019-11-08T08:25:09","modified_gmt":"2019-11-08T08:25:09","slug":"encore-boston-harbor-earns-175-8m-in-first-full-quarter","status":"publish","type":"post","link":"https:\/\/www.casinosrealmoney.com\/news\/encore-boston-harbor-earns-175-8m-in-first-full-quarter\/","title":{"rendered":"Encore Boston Harbor Earns $175.8M In Its First Full Quarter"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Wynn Resorts on Wednesday, November 6, released <a rel=\"noreferrer noopener\" aria-label=\"a revenue report (opens in a new tab)\" href=\"https:\/\/www.businesswire.com\/news\/home\/20191106005842\/en\/Wynn-Resorts-Limited-Reports-Quarter-2019-Results\" target=\"_blank\">a revenue report<\/a> which revealed that the Encore Boston Harbor resorts and casino had generated a whopping <strong>$175.8 million <\/strong>in revenue during its first full quarter of operations. The property is Wynn Resorts&#8217; latest addition and they have been quite optimistic about its future. Well, it seems the optimism is paying off quite decently.<\/p>\n\n\n\n<p>The Encore Boston Harbor officially which cost Wynn Resorts <strong>$2.6 billion<\/strong> to acquire officially began operation in June. Needless to say, it was a very lucrative deal not just because of <a href=\"https:\/\/www.casinosrealmoney.com\/news\/wynn-resorts-fined-35m-to-keep-massachusetts-gaming-license\/\">its strategic location<\/a> but also because of its stellar reputation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"more-details-on-the-revenue\">More Details on The Revenue<\/h2>\n\n\n\n<p>According to the Wynn Resorts revenue reports, the casino accounted for <strong>$114.9 million<\/strong> while other non-casino aspects of the property accounted for the remaining <strong>$60.9 million<\/strong>. These non-casino sectors included hotel rooms, entertainment, retail sales as well as food and beverages.<\/p>\n\n\n\n<p>As mentioned earlier, the property&#8217;s revenue results are quite impressive and Matt Maddox, the chief executive of Wynn Resorts, is confident that things are about to get even better. He pointed out that the company has plans to ramp up its operations and improve in sectors that have reported rather slow growth. The slots sector, for instance, <strong>has not been at its best but there are plans for solutions.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"expected-changes\">Expected Changes<\/h2>\n\n\n\n<p>Encore Boston Harbor accounts for a rather small percentage\nof Wynn Resort revenue. However, its performance has helped the behemoth gaming\noperator to recover from some losses especially those posted by its Macau properties.\nThat said, it is quite clear that the property is going to be a major focus for\nWynn.<\/p>\n\n\n\n<p>Already, there are plans to market the Encore Boston Harbor\nto both local and international markets. According to Matt Maddox, the plan is\nto employ new or improved marketing techniques each quarter in order to drive\ntraffic. Other than growing the property&#8217;s revenues, there are also plans to\ncontrol expenses and to grow the databases.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;I am very excited about the transition that we\u2019ve been through and the future of this company as we move forward into 2020,&#8221; Matt Maddox said.<\/p><\/blockquote>\n\n\n\n<p>One of the most notable parts of the growth plan is the introduction of a tiered loyalty program primarily targeting the local market. This program will reward loyal and regular players with a ton of perks and rewards which will hopefully also attract new customers. The locals seem to be a key component of the company&#8217;s growth plans and considering how good the property performed in the past three months, there is certainly <a href=\"https:\/\/www.bostonglobe.com\/business\/2019\/11\/06\/earnings-call-wynn-ceo-says-encore-path-growth\/1oi7EEsyrYXUOlmUwZEI7L\/story.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"a lot to look forward to (opens in a new tab)\">a lot to look forward to<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wynn Resorts on Wednesday, November 6, released a revenue report which revealed that the Encore Boston Harbor resorts and casino had generated a whopping $175.8 million in revenue during its first full quarter of operations. The property is Wynn Resorts&#8217; latest addition and they have been quite optimistic about its future. Well, it seems the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[19,279,384,385,98],"class_list":["post-4911","post","type-post","status-publish","format-standard","hentry","category-business","tag-casino","tag-encore-boston-harbor","tag-marketing","tag-slots","tag-wynn-resorts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Encore Boston Harbor Earns $175.8M In Its First Full Quarter - Casinos Real Money News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinosrealmoney.com\/news\/encore-boston-harbor-earns-175-8m-in-first-full-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Encore Boston Harbor Earns $175.8M In Its First Full Quarter - Casinos Real Money News\" \/>\n<meta property=\"og:description\" content=\"Wynn Resorts on Wednesday, November 6, released a revenue report which revealed that the Encore Boston Harbor resorts and casino had generated a whopping $175.8 million in revenue during its first full quarter of operations. The property is Wynn Resorts&#8217; latest addition and they have been quite optimistic about its future. 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