Casinos in Massachusetts Suffer Substantial Revenue Drop

EVERETT, Mass. — Revenue declined sharply in November for Massachusetts casinos as did the state's monthly gaming tax haul during the first month that the slots parlor and two casinos have been subject to a 9:30 p.m. curfew. The Mass. Gaming Commission announced Tuesday that Plainridge Park Casino, MGM Springfield... Together, Plainridge Park Casino, MGM Springfield and Encore Boston Harbor generated approximately $45 million in gross gaming revenue in November. That is compared with approximately $69 million in gross gaming revenues in October, according to the Massachusetts Gaming Commission. Massachusetts’ casino industry reports surprisingly low revenue figures for November. Altogether, the companies have suffered a $24 million drop month-on-month. MGM On A Record Low. The Massachusetts casino industry has been impacted heavily by the ongoing global pandemic and the tightening safety measures put in place by the state. Revenue Report – Plainridge Park Casino – November 2020; Allocation of taxes on Gross Gaming Revenue. Taxes on gross gaming revenue are allocated to several specific state funds. RELATED CONTENT. Massachusetts Gaming Commission 101 Federal St., 12th Floor Boston, MA 02110 TEL: 617.979.8400 FAX: 617.725.0258 www.massgaming.com. Media Inquiries Sarah Magazine Interim Director of Massachusetts’ casino industry reports surprisingly low revenue figures for November. Altogether, the companies have suffered a $24 million drop month-on-month. The Massachusetts casino industry has been impacted heavily by the ongoing global pandemic and the tightening safety measures put in place by the state. All three casinos within the State report a substantial drop in monthly earnings. Massachusetts casino revenue down in November; MGM Springfield has worst full month ever . Updated Dec 15, 2020; Posted Dec 15, 2020 . MGM Springfield is open daily, but with tight restrictions to The slots parlor at Plainridge Park Casino was the only Massachusetts gaming center to book an increase in gross gaming revenue last month. The slots generated about $10.09 million from $135.26 The three commercial casinos in Massachusetts had virtually identical handle and revenue figures in September as they did in August as the facilities continue to recover from coronavirus-related shutdowns. Combined handle (or coin in) at the three Massachusetts casinos was $604,814,996, down 0.9% compared to August’s total of $610,097,498. Massachusetts casino revenue down in November; MGM Springfield has worst full month ever In Gaming News : Gaming Articles; Wed, Dec 16th, 2020 4:24:53 pm; By Jim Kinney - masslive.com

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