{"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

\"\"<\/p>\n

Players benefit from New England casino competition<\/span><\/h2>\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

A closer look at this month\u2019s slot revenue<\/span><\/h2>\n

New England slot revenue November 2018:<\/p>\n

    \n
  • Mohegan Sun Casino \u2013 CT: $44,264,700<\/li>\n
  • Foxwoods Casino \u2013 CT: $35,287,300<\/li>\n
  • Twin River Lincoln \u2013 RI: $34,646,200<\/li>\n
  • MGM Springfield \u2013 MA: $13,371,900<\/li>\n
  • Plainridge Park Casino \u2013 MA: $12,852,300<\/li>\n
  • Twin River Tiverton \u2013 RI: $7,555,900<\/li>\n
  • Oxford Casino \u2013 ME: $5,351,300<\/li>\n
  • Hollywood Casino \u2013 ME: $2,919,400<\/li>\n<\/ul>\n

    Here\u2019s how each facility stacks up:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
    <\/th>\n# Slot Machines<\/th>\nAverage RTP<\/th>\n<\/tr>\n<\/thead>\n
    MGM Springfield<\/td>\n2,550<\/td>\n92%<\/td>\n<\/tr>\n
    Plainridge Park<\/td>\n1,200<\/td>\n92%<\/td>\n<\/tr>\n
    Foxwoods<\/td>\n4,100<\/td>\n92%<\/td>\n<\/tr>\n
    Mohegan Sun<\/td>\n4,800<\/td>\n92%<\/td>\n<\/tr>\n
    Twin River Lincoln<\/td>\n4,200<\/td>\n86%<\/td>\n<\/tr>\n
    Twin River Tiverton<\/td>\n1,000<\/td>\n85%<\/td>\n<\/tr>\n
    Oxford Casino<\/td>\n950<\/td>\n90%<\/td>\n<\/tr>\n
    Hollywood Casino<\/td>\n725<\/td>\n90%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/p>\n

    A closer look at this month\u2019s table game revenue<\/span><\/h2>\n

    Table game revenue November 2018:<\/p>\n

      \n
    • Twin River Lincoln \u2013 RI: $11,574,436<\/li>\n
    • MGM Springfield \u2013 MA: $7,876,010<\/li>\n
    • Twin River Tiverton \u2013 RI: $2,142,535<\/li>\n
    • Oxford Casino \u2013 ME: $1,066,209<\/li>\n
    • Hollywood Casino \u2013 ME: $718,188<\/li>\n<\/ul>\n

      Here\u2019s how each facility stacks up:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
      <\/th>\n# Table Games<\/th>\n# of Poker Tables<\/th>\n<\/tr>\n<\/thead>\n
      MGM Springfield<\/td>\n120<\/td>\n23<\/td>\n<\/tr>\n
      Plainridge Park<\/td>\nN\/A<\/td>\nN\/A<\/td>\n<\/tr>\n
      Foxwoods<\/td>\n250<\/td>\n100<\/td>\n<\/tr>\n
      Mohegan Sun<\/td>\n300<\/td>\n42<\/td>\n<\/tr>\n
      Twin River Lincoln<\/td>\n100<\/td>\n22<\/td>\n<\/tr>\n
      Twin River Tiverton<\/td>\n32+18 Stadium Games<\/td>\nN\/A<\/td>\n<\/tr>\n
      Hollywood Casino<\/td>\n18<\/td>\n4<\/td>\n<\/tr>\n
      Oxford Casino<\/td>\n28<\/td>\nN\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      <\/p>\n

      State-by-state casino revenue breakdown<\/span><\/h2>\n

      Massachusetts<\/span><\/h3>\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

      \"\"<\/p>\n

      Connecticut<\/span><\/h3>\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

      \"\"<\/p>\n

      Rhode Island<\/span><\/h3>\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

      \n
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            Rhode Island also gave its casinos an assist when it legalized sports betting. Both properties\u2019 sportsbooks are now up and running<\/strong>, with which will further add to their revenue tallies going forward.<\/p>\n

            \"\"<\/p>\n

            Maine<\/span><\/h3>\n

            They may technically be in New England, but Maine\u2019s two casinos are far enough away that the opening of the two new casinos has had little impact on their operations.<\/p>\n

            So, for the most part, it\u2019s been business as usual at Hollywood Casino<\/strong> and Oxford Casino<\/strong>.<\/p>\n

            \"\"<\/p>\n

            The post New England Casino Market Seeing Uptick In Revenue From New Resorts appeared first on Play USA.<\/p>\n","protected":false},"excerpt":{"rendered":"

            November was a stabilizing month for the New England casino industry. 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