Casino revenues decline in Massachusetts and Atlantic City

Gaming revenues saw declines in both Encore Boston Harbor and Atlantic City during September. Encore Boston Harbor, operated by Wynn Resorts, reported a 22.1% drop in gross gaming revenue compared to the previous year, totaling $46.1 million. This decline occurred during a strike by approximately 1,350 employees represented by UNITE HERE Local 26 and Teamsters Local 25, which had been ongoing for 48 days at the time of reporting. The revenue drop resulted in lower tax receipts for Massachusetts, falling to $11.5 million from $14.8 million a year prior.

In Atlantic City, total casino revenue fell to $227.8 million in September, a 1.3% decrease year-over-year and a significant drop from August’s $294.9 million. While five of the nine Atlantic City casinos saw growth compared to the previous year, major drivers such as Borgata Hotel Casino & Spa and Hard Rock Atlantic City experienced notable revenue dips. Overall, slot machines accounted for $177.9 million of the Atlantic City total, while table games generated $49.9 million.