THE EVERETT ADVOCATE – FRIDAY, DECEMBER 17, 2021 Page 15 Encore revenue tumbles more than $7M E By Christopher Roberson ncore Boston Harbor reported a serious downturn in revenue, posting $55.1 million for the month of November. This comes just one month after the casino posted a record high of $62.7 million in October. The new revenue figure represents a sizable decrease of $7.6 million over the prior month, one of the largest financial slides since Encore opened two-and-a-half years ago. Within the November total, $25.1 million came from table games while the remaining $30 million came from the slot machines. In addition, the state received $13.7 million in taxes from Encore last month. By comparison, the casino’s revenue in November 2020 was $27.3 million. As for the competition, MGM Springfield reported a revenue of $21.6 million in November while Plainridge Park brought BAKER | FROM PAGE 14 the $5.286 billion ARPA Coronavirus State Fiscal Recovery Funds that were provided to Massachusetts in May. This direct federal aid is intended to support urgent COVID-19 response efforts, replace lost revenue, support immediate economic stabilization for households and businesses and address unequal public health and economic challenges in Massachusetts cities and towns. After accounting for spending in this bill and previously announced commitments, approximately $2.3 billion of the Coronavirus State Fiscal Recovery Funds will remain to be further appropriated. “The Commonwealth has worked diligently over the past two years to deploy billions worth of federal support to strengthen our economic recovery, support those in disproportionately impacted communities, and get people back to work,” said Secretary of Administration and Finance Michael Heffernan. “We appreciate the collaboration of our colleagues in the Legislature on this bill to invest in healthcare, housing, and the Massachusetts workforce and look forward to even more critical investments in 2022 with the remaining ARPA funds.” Coupled with the authorized BAKER | SEE PAGE 16 in $10.9 million. Thus far, Encore has generated $571.3 million this year, bringing its monthly average to $51.9 million. Last year, the casino brought in a total of $331.2 million and averaged $27.6 million per month. Since opening in June 2019, Encore has brought in a grand total of $1.2 billion. Encore Boston Harbor reported a revenue of $55.1 million for November, representing a $7.6 million decrease from the prior month. (Photo Courtesy of the Massachusetts Gaming Commission)
16 Publizr Home