Massachusetts casinos lose in October due to COVID-19

Massachusetts casinos lose in October due to COVID-19

The coronavirus pandemic refuses to release its grip on casinos as revenue continues to slide

October wasn’t a good month for casinos anywhere, but operators are no longer shaken when they prepare their final monthly reports. The coronavirus pandemic is causing problems all over, and Massachusetts casinos have suffered, as well. Gross gaming revenue (GGR) at the MGM Springfield, Encore Boston Harbor and Plainridge Park continues to be well below what the casinos would like to see.

For October, the three casinos took in $1 million less than they did in September, recording a total GGR of $69 million. The Massachusetts Gaming Commission (MGC) tallied the numbers before putting them on display, and the results are indicative of the continued threat of COVID-19. The virus has already forced several states to move back into lockdown mode, which is going to have a ripple effect across the entire industry.

MGM was response for $17.5 million of the GGR total, taking in $100,000 less than it did a month earlier and $1.1 million less than it did in August. Encore Boston Harbor reported $41.1 million in revenue last month, while Plainridge received just $10.1 million. These figures are relatively equal to what the venues have been reporting since they were allowed to reopen, at reduced capacities, this past summer.

Compared to how the casinos were performing a year ago, the numbers demonstrate wider damage. MGM Springfield took in $21.2 million in October 2019, and Encore saw $45.8 million. Plainridge took third place again with just $11.2 million. With COVID-19 now making another reappearance, the properties can’t expect to climb out of their holes anytime soon.

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