{"id":19774,"date":"2019-01-08T13:00:47","date_gmt":"2019-01-08T14:00:47","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=19774"},"modified":"2019-01-08T16:03:26","modified_gmt":"2019-01-08T16:03:26","slug":"new-england-casino-market-seeing-uptick-in-revenue-from-new-resorts","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/new-england-casino-market-seeing-uptick-in-revenue-from-new-resorts\/","title":{"rendered":"New England Casino Market Seeing Uptick In Revenue From New Resorts"},"content":{"rendered":"
November was a stabilizing month<\/strong> for the New England casino industry. After three months, the region\u2019s existing casinos seem to be adjusting to the two new casino properties in Springfield, Massachusetts and Tiverton, Rhode Island.<\/p>\n Year-over-year revenues<\/strong> at three of the four southern New England casinos fell for the third consecutive month<\/strong>, but the decline was far less precipitous than it had been in September and October.<\/p>\n More importantly, the new casinos are significantly growing the overall market, adding some $20 million per month<\/strong> to the region\u2019s collective haul.<\/p>\n Another interesting development is a shift in slot hold percentages at multiple casinos<\/strong>. With Plainridge Park and the Connecticut casinos returning 92 percent to slot players<\/strong>, MGM\u2019s slot RTP has crept up from 90 to 92 percent since it opened its doors in late August.<\/p>\n Even the extremely stingy Twin River is adjusting to the increased competition, as its slot RTP has risen from 85 percent to 86 percent.<\/p>\n New England slot revenue November 2018:<\/p>\n Here\u2019s how each facility stacks up:<\/p>\n <\/p>\n Table game revenue November 2018:<\/p>\n Here\u2019s how each facility stacks up:<\/p>\n <\/p>\n It\u2019s still early, but MGM Springfield is shaping up to be a $20-$25 million\/month property<\/strong>.<\/p>\n More importantly, its impact on Plainridge Park seems negligible. Plainridge\u2019s Y\/Y revenue has been relatively steady since the opening of MGM. The racino is even flirting with the idea of petitioning the state for the remaining casino license<\/strong> that the Massachusetts Gaming Commission<\/strong> shelved after a proposed tribal casino in Taunton fell through<\/strong>.<\/p>\n October was a tough month for the two Connecticut casinos, with Y\/Y revenue falling 10 percent at Foxwoods and Mohegan Sun<\/strong>. Both properties were down again in November<\/strong>, but by 6.8 percent and 8 percent respectively.<\/p>\n Considering the new competition the two casinos are dealing with, those declines could be seen as wins.<\/p>\n Of course, with a third, and much grander casino (Encore Boston Harbor<\/strong> in Everett, Massachusetts) opening in June, Foxwoods and Mohegan aren\u2019t out of the woods yet.<\/p>\n Twin River owns and operates both Rhode Island casinos, and after relocating Newport Grand\u2019s casino license to its new Tiverton location, monthly gaming revenue has quadrupled<\/strong>.<\/p>\n And neither the new Tiverton property or MGM Springfield seem to be having an impact on the company\u2019s flagship property, Twin River Lincoln<\/strong>. In fact, Twin River Lincoln saw revenue rise Y\/Y in November<\/strong>, the first southern New England casino to pull that off since the new properties opened their doors.<\/p>\n CHUMBA ACCEPTS US PLAYERS & HAS REAL CASH PRIZES<\/p>\n<\/div>\n<\/p>\n
Players benefit from New England casino competition<\/span><\/h2>\n
A closer look at this month\u2019s slot revenue<\/span><\/h2>\n
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\n \n<\/th>\n # Slot Machines<\/th>\n Average RTP<\/th>\n<\/tr>\n<\/thead>\n \n MGM Springfield<\/td>\n 2,550<\/td>\n 92%<\/td>\n<\/tr>\n \n Plainridge Park<\/td>\n 1,200<\/td>\n 92%<\/td>\n<\/tr>\n \n Foxwoods<\/td>\n 4,100<\/td>\n 92%<\/td>\n<\/tr>\n \n Mohegan Sun<\/td>\n 4,800<\/td>\n 92%<\/td>\n<\/tr>\n \n Twin River Lincoln<\/td>\n 4,200<\/td>\n 86%<\/td>\n<\/tr>\n \n Twin River Tiverton<\/td>\n 1,000<\/td>\n 85%<\/td>\n<\/tr>\n \n Oxford Casino<\/td>\n 950<\/td>\n 90%<\/td>\n<\/tr>\n \n Hollywood Casino<\/td>\n 725<\/td>\n 90%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n A closer look at this month\u2019s table game revenue<\/span><\/h2>\n
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\n \n<\/th>\n # Table Games<\/th>\n # of Poker Tables<\/th>\n<\/tr>\n<\/thead>\n \n MGM Springfield<\/td>\n 120<\/td>\n 23<\/td>\n<\/tr>\n \n Plainridge Park<\/td>\n N\/A<\/td>\n N\/A<\/td>\n<\/tr>\n \n Foxwoods<\/td>\n 250<\/td>\n 100<\/td>\n<\/tr>\n \n Mohegan Sun<\/td>\n 300<\/td>\n 42<\/td>\n<\/tr>\n \n Twin River Lincoln<\/td>\n 100<\/td>\n 22<\/td>\n<\/tr>\n \n Twin River Tiverton<\/td>\n 32+18 Stadium Games<\/td>\n N\/A<\/td>\n<\/tr>\n \n Hollywood Casino<\/td>\n 18<\/td>\n 4<\/td>\n<\/tr>\n \n Oxford Casino<\/td>\n 28<\/td>\n N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n State-by-state casino revenue breakdown<\/span><\/h2>\n
Massachusetts<\/span><\/h3>\n
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Connecticut<\/span><\/h3>\n
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Rhode Island<\/span><\/h3>\n
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Visit Chumba Casino<\/li>\n
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