Fear of East Coast casino overbuilding might be overblown

Fear of East Coast casino overbuilding might be overblown

Article brief provided by The Points Guy
  • Cameron Sperance, The Points Guy
August 1, 2022 11:26 PM
  • Cameron Sperance, The Points Guy

A crashing wave of casino resort development up and down the East Coast cannibalized the finite pool of customer revenue that exists in the U.S. – at least, that was the thinking only a few years ago. The reality today is quite different, with several of these new resorts seeing their best financial performance to date.

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The nearly $65 million in gross gaming revenue Encore Boston Harbor – Wynn Resorts’ $2.6 billion casino just north of downtown Boston – collected in March was the resort’s largest amount earned in any month since opening, according to the Massachusetts Gaming Commission. While the sprawling property’s revenue haul scaled back slightly to a little more than $60 million in June, it’s still considerably more than it was for several months in the property’s opening year in 2019.