THE EVERETT ADVOCATE–Friday, November 15, 2019 Page 13 Encore could miss annual revenue projections by $96M By Christopher Roberson D espite being the most successful casino in the state, income reports from its first full quarter of operation indicate that Encore Boston Harbor will fall short of its original projection to bring in $800 million by June 2020. According to Encore’s parent company, Wynn Resorts, the casino generated $175.8 million during its first three months. Within that figure, $114.9 million came from gaming revenue. COMMITTEE | FROM PAGE 3 and was a member of the Education Transition Committee under Governor Charlie Baker. Toner holds a bachelor's degree in political science and international relations from Boston University, a master's degree in secondary education from the University of Massachusetts at Boston and a Juris Should Encore continue on its current financial path, the casino will generate a total of $703.2 million by next June. Wynn reported that Encore pays $1.4 million per day to cover its overhead costs, which include property maintenance, employee salaries and keeping the $28 million Popeye statue polished to a high mirror shine. Encore would not be the first casino to miss its first-year projections. MGM Springfield, which opened in August 2018, Doctorate from Suffolk University Law School. Before taking on his current role as a superintendent fellow, Stewart taught history for eight years at Quabbin Regional Middle School and was also the school’s assistant principal for five years. After leaving Quabbin in June 2014, Stewart was the principal of Central Tree Middle School for three years. missed its annual target by $144 million during its first year of operation. Yet, Wynn CEO Matthew Maddox said he is not concerned. “During our first full quarter of operations at Encore Boston Harbor, we have been particularly pleased with the strength of our table games business and we are encouraged by the opportunity to drive growth at the property over the next several years,” he said in a written statement. However, Maddox acknowlStewart holds a bachelor’s degree in history and education from Clark University and a master’s degree in educational leadership from Worcester State University and is pursuing a doctorate in education leadership at Harvard University. Tahiliani has taught English Language Arts at Edwards MidCOMMITTEE | SEE PAGE 19 edged that Encore’s daily expenses are too high and that there could be reductions in the casino’s workforce, which currently totals 4,800 employees. Going forward, Maddox said, there is the potential of constructing additional hotels and retail stores on the 11 acres that Encore owns across the street from its location on Lower Broadway. In addition, Maddox said the casino has amassed a database of 250,000 patrons. To capitalize on this, he said, Encore will launch a tiered customer loyalty program early next year. Local scholars begin undergraduate careers at Tufts University M EDFORD – Everett residents Yosselin Perez Ascencio and Vicki Do recently joined more than 1,600 undergraduate students from around the world as they begin their academic careers at Tufts University. The incoming undergraduates continue to reflect Tufts selective admissions trend – only admitting 15 percent of the 22,766 applicants. International students comprise a record-setting 12.7 percent of the class, up from 11 percent last year, and hail from 82 countries. Students of color make up 37.8 percent of U.S. undergraduates. There are 176 students who are the first in their families to pursue a bachelor’s degree. Lawrence A. Simeone Jr. Attorney-at-Law ~ Since 1989 ~ * Corporate Litigation * Criminal/Civil * MCAD * Zoning/Land Court * Wetlands Litigation * Workmen’s Compensation * Landlord/Tenant Litigation * Real Estate Law * Construction Litigation * Tax Lein * Personal Injury * Bankruptcy * Wrongful Death * Zoning/Permitting Litigation 300 Broadway, Suite 1, Revere * 781-286-1560 Lsimeonejr@simeonelaw.net Eastern bank Bldg. Rt-1 605 Broadway, #301 Saugus, MA 01906 781-233-6844 www.bostonnorthdental.com Dr. Priti Amlani Dr. Bruce Goldman Dr. Bhavisha Patel Full mouth Rehabilitation Before After
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