Plainridge Park Casino is Pushing to Open New Games

Plainridge Park Casino With Gambling And Chips

Massachusetts is home to three popular gambling venues. That includes Plainridge Park, which first opened its doors to the public in 2015. New reports claim Plainridge Park Casino is now requesting permission to open more games in the future.

At the moment, this property is only allowed to offer slot games to its patrons. That could change in the near future. Now is a great time to talk about what the owners of this venue are hoping to accomplish.

Let’s get into it!

Plainridge Park Casino Wants to Expand its Gaming Options

Just a couple of decades ago, nearly all forms of gambling were prohibited in the state of Massachusetts. Things began to change in the mid-2010s. It was around this time that major casinos began opening their doors in this state.

The Plainridge Park Casino was the first true gambling venue to open its doors here. This venue opened in 2015 as a racino and slot parlor. Even today, this venue is only able to offer slot games to its patrons. Table games are still prohibited.

The owners of this venue are now pushing to make a change. A hearing took place this week that discussed bills to expand the gaming options at Plainridge Park. If approved, this property would receive permission to offer 30 table games and 250 more slots. Rep. Jeff Roy of Franklin supports this measure, claiming it will help to compete with Rhode Island’s growing casino industry.

“Last session, we were concerned about the opening of the casino in Tiverton, Rhode Island, which happened two years ago. In this session, we also know that Rhode Island is planning a major expansion at Twin River. And that will put Plainridge and my communities at a further competitive disadvantage,” Roy said. “We’re here to push for a modest expansion of Plainridge so that the commonwealth can best compete with our neighbors to the south, and we can protect the jobs, our local businesses, and the tax revenues that have been generated from Plainridge Park.”

It will take time for anything to be approved. We’ll be sure to offer updates on this situation over the next couple of months.

Gaming Revenue in MA Dropped This August

Massachusetts has quickly developed a large and successful gaming industry. Each of the gambling venues here is popular. For much of 2021, gambling revenue throughout the state has been steadily increasing.

Reports surfaced today claiming that gaming revenue in MA dropped over the month of August. Gross gaming revenue came out to $92 million in August. That represents a slight dip from the $95.7 million brought in during July.

Encore Boston Harbor managed to bring in the most revenue with $57.8 million in August. The majority of this money came from slots. It’s clear this venue remains the most popular casino-resort in the state of Massachusetts.

MGM Springfield came second with $21.8 million. About $17 million of this was brought in from slots. Lastly, Plainridge Park Casino managed to bring in $12.7 million in revenue, representing one of its best months to date since the opening of Encore Boston Harbor.

This revenue dip is not significant and it would not be a shock to see things bounce back in September. Stay tuned for more revenue reports as the year goes on.

When Will Sports Betting Finally Become Available in Massachusetts?

More than half the country now has a regulated sports betting industry set in place. Most of these states are earning a huge amount of money from this industry. That is particularly true now that the 2021/2022 NFL season has begun.

Massachusetts is known for having one of the most passionate sports fan bases in the country. It’s here that major sports teams are located, including the New England Patriots and Boston Red Sox. Many residents here have been eager to see regulated sports betting options become available.

It’s still unclear when exactly sports betting will become available here. Not long ago, a major regulatory body met to discuss the pros and cons of this industry. Based on the way things are moving, sports betting will become legal and regulated here in 2022.

Massachusetts could grow to develop one of the largest sports betting industries in the United States. It’s no surprise that many sports betting companies are eager to break into this new market.

Are you excited to hear Plainridge Park Casino could soon begin offering more gaming options? When do you expect sports betting to become legal in Massachusetts? Let us know in the comments section below.

Here’s What You Need to Know About MA’s New Casino Rules

Massachusetts Casinos

Massachusetts is home to three popular casino-resorts. These properties have been performing well lately, yet it seems that tough times could possibly be on the horizon. Today, we’ll talk about MA’s new casino rules being set in place.

Many are confused about these new regulations. Fortunately, the rules are unlikely to have any major effect on tourism and revenue for the casinos here.

Let’s get into it!

A Lot is Happening With Massachusetts’ Casino Industry

The state of Massachusetts has only allowed casino gambling for the past decade. Prior to that, virtually all forms of gambling were completely banned in this state. There are now three major casino-resorts operating in the state, all of which are popular with locals.

The MGM Springfield was the first casino to open its doors in Massachusetts. It became an instant hit, drawing in gambling fans from around the state. Interestingly, MGM Resorts recently chose to sell this property to Vici Properties for nearly $2 billion.

Wynn Resorts’ Encore Boston Harbor now owns the most successful casino in the state. This property is located near Boston and has captured much of the MGM Springfield’s market. It will likely remain the most popular gaming venue in the state for years to come.

The events that unfolded in 2020 took a massive toll on the casino industry here. All of Massachusetts’ casinos were shut down for many months. They eventually reopened and have been working to boost their revenue figures ever since.

Tourism and revenue figures into MA’s casinos seem to be increasing. Some fear this trend could be short-lived, though. A new Covid-19 variant is spreading around the country and many states are beginning to once again order intense health restrictions on various businesses.

Massachusetts is one such state to begin setting new rules. Here’s what you need to know about the recent regulations set in place at the casinos here.

MA’s New Casino Rules are Now Set in Place

Every single major casino hub was affected by the events that unfolded in 2020. Things have been steadily improving throughout 2021, however, and there has been real optimism of seeing pre-pandemic casino revenue figures throughout the country. That optimism seems to be slowly fading away, though.

Not long ago, the Massachusetts Gaming Commission announced that all patrons to the state’s casinos are recommended to wear masks. That includes individuals who have been vaccinated. It’s not as strict of a rule as the one set in place in Nevada and should not have much of an effect.

Casinos are ordering new rules of their own. MGM Springfield recently announced that all employees, regardless of their vaccination status, will need to wear masks while at work. Some feel the other casinos in the state will soon order a similar measure.

It’s important to note that the Massachusetts Gaming Commission is not ordering all of its patrons to wear masks. For now, this is only a recommendation for patrons. If cases continue to rise, however, there is a chance that more intense restrictions could be set in place.

MA’s new casino rules are mostly affecting casino workers. Hope is that these rules do not result in a drop in tourism for the state’s casinos. We’ll be sure to offer more updates on this situation over the next couple of months.

Over in Las Vegas, more intense regulations are currently being set in place. Now is a great time to talk about how the major casino-resorts are faring here right now.

How Will Las Vegas Fare Over the Rest of 2021?

Las Vegas is and always has been the biggest and most profitable gambling hub in the United States. It took a major blow throughout 2020. Over the past eight months, this city’s casinos have been seeing a huge surge in their revenue figures.

There are concerns that things could devolve over the rest of 2021. Health officials recently ordered masks to be worn at all times inside casinos by patrons and employees. It’s the same mandate ordered over the summer last year.

Wynn Resorts, a company that owns several popular casinos in Las Vegas, recently released its Q2 revenue reports. Overall, the company saw a dip in its earnings when taking operating costs into account. CEO Matt Maddox seems confident that things will improve as the year goes on.

Much of this depends on whether or not more restrictions are ordered. If casinos begin looking like they did in 2020 and entertainment options are shut down, there is no doubt that revenue will fall. Lawmakers in Nevada likely realize that fact.

2020 proved how vulnerable the US casino industry is. Recent events are proving that these vulnerabilities still exist.

What do you think about MA’s new casino rules? Do you think more intense restrictions will be set in place here? Let us know in the comments section below!

The Sale of MGM Springfield Has Been Confirmed

MGM Springfield MA

Massachusetts is home to three popular casino-resorts. That includes MGM Springfield, which for years was the most popular gambling venue in the state. This week, the sale of MGM Springfield was finally confirmed to the public.

MGM Resorts International has officially decided to part ways with this venue. Some felt it was a long time coming when considering its struggle to compete with other casinos in the state. Today, we’ll talk about the details of this major casino sale.

Let’s get into it!

Massachusetts’ Casino Revenue is Still Fluctuating

The US casino industry remains in a precarious position. Throughout 2021, casino revenue has been steadily rising around the country. Many states have recently begun to see their casino revenue figures begin to fluctuate, though.

Massachusetts fits into that category. There are currently three major casino-resorts operating in this state. These properties were seeing major revenue surges early in the year, yet they have recently begun seeing some slight fluctuations in these numbers.

This past June, MA’s casinos managed to bring in $84 million in gross gaming revenue. That represents a slight drop from the $86.68 million earned in May and the $84.63 million brought in during the month of April. It’s not a major drop, however, and doesn’t reflect any major downward trend for the casinos operating here.

Many have expressed disappointment to see that poker is still not available inside the state’s casinos. Last month, regulators confirmed that poker games will not be coming to these properties for a few months. This is due to the continuing struggle to deal with Covid-19.

There have also been rumblings about a new wave of restrictions coming to the casinos in Massachusetts. As infections increase, calls to implement tougher health regulations intensify. Of course, ordering more intense restrictions inside the state’s casinos will likely lead to a major drop in revenue.

It seems that one company has decided to bow out of its operations in this state. Here’s what we know about MGM Springfield’s recent sale.

More Details on the Sale of MGM Springfield are Coming Out

For many years, Massachusetts prohibited commercial casinos from operating within the state. Things changed about a decade ago, and several companies immediately expressed an interest in operating here. That includes MGM Resorts, one of the biggest gaming companies in the world.

MGM Resorts opened its casino in Massachusetts in 2018. This property, called MGM Springfield, quickly became a major hit with gambling fans in the area. It continued to set new revenue records for months after opening to the public.

In recent years, this venue has struggled. This is largely due to the opening of the Encore Boston Harbor in 2019. This property quickly captured a large share of the market and took away from the revenue being earned at MGM Springfield.

MGM Resorts has been voicing its concern with this situation in recent months. It now appears this company wants to take a different approach with this venue. New reports surfaced today that confirmed the sale of MGM Springfield to Vivi Properties for $17.2 billion. Bill Hornbuckle, CEO and resident of MGM Resorts, spoke about this sale to the media this week.

“This transaction unlocks the significant real estate value of our assets, enhances our financial flexibility and strengthens our ability to execute key growth initiatives. We look forward to our long-term partnership with Vici,” Hornbuckle said. 

This sale is expected to close in 2022. Interestingly, MGM Resorts will continue to operate this property under a long-term lease. It’s an effective way for the company to gain money while maintaining a presence in Massachusetts. We’ll be sure to offer more updates on the revenue situation here over the next few months!

Sports Betting May Soon Become Legal in Massachusetts

Many states around the country have been working to pass sports gambling legislation in 2021. Some of these states are making more progress than others. Based on the current progress, it seems likely that Massachusetts will approve this form of gambling before the end of the year.

A couple of weeks ago, the House formally approved a sports betting bill by a 156-3 margin. This bill is now making its way to the Senate. Members of the Senate are on break and are set to review the contents of this bill upon their return.

There are a few problems that could arise with this bill. Most notably is the discussion of whether or not to allow betting on college sports. Some believe the Senate could demand that this is not allowed before approving any legislation.

There is reason to believe that sportsbooks will launch here in early 2022. The current legislation making its way through the state allows for both online and land-based sportsbooks to operate in the state. This could allow for MA to quickly develop one of the largest sports betting markets in the country.

It’s an exciting time for sports fans here. If all goes according to plan, the first wagering options will launch here by the end of the 2021/2022 NFL season. Stay tuned for more news on the sports betting bill here as the year goes on.

Are you surprised to hear about the sale of MGM Springfield? When do you expect sports betting to become available in Massachusetts? Let us know in the comments section below.

Massachusetts Casinos Blame Poker’s Absence on Dealer Shortage

Encore Boston Harbor Casino
There is a shortage of poker dealers in the Massachusetts casinos.

This was revealed by a casino executive during a Thursday hearing by the Massachusetts Gaming Commission. The issue was raised after the commission had received complaints from customers demanding the reintroduction of poker games at Massachusetts’ casinos.

Encore Boston and MGM Springfield, the two casinos in the state, resumed mostly normal operations last May after a difficult 2020 because of the COVID-19 pandemic. But since their full reopening, the two casinos have not brought back poker games and the commission started to notice after receiving customer complaints.

Although the two casinos said that they will make a decision on poker before the end of the year, they also insisted that they have not abandoned poker games and are currently adjusting their services based on the client demand and the capacity of their manpowe.

Said Encore Boston Harbor vice-president and general counsel Jaqui Krum to the commission:

“To be clear, we did not say never to poker. We have said just not at this time. We’re constantly readjusting our offerings based on guest demand. Throughout this difficult time, we have really tried to be agile and responsive. However, we do have limited space, and the former poker area is currently occupied by some of our highest-performing slot machines.”

“Simply Cannot Find Enough Dealers”

Krum said that reopening poker tables would cause the closure of other table games. She said that the casino just doesn’t have the staff to operate both right now. According to Krum, Encore “simply cannot find enough dealers” or other workers and has been running dealer schools almost non-stop.

The Encore executive also told commissioners that the casino has a standing offer to all of its poker dealers that the casino will pay for dealer school if they need to be trained to deal a different game in the casino. She also emphasized that Encore is not trying to cut jobs but rather to fit its offerings around the staff that it has available.

Increasing Customer Complaints

Investigations and Enforcement Bureau assistant director Bruce Band told the Commission during Thursday’s hearing that his office has received an increasing number of customer complaints. According to Band, the complaints about the lack of Poker games at Encore have grown from 4 to 5 per month to 40-50 per month in its most recent tally.

Despite that, the Commission decided that it would not take action related to poker just yet with commissioners saying that they want to give the casino operator deference to run the facility in a way that will maximize tax revenue to the state while preserving jobs that come with poker games. The commission however, asked for regular updated of the situation from Encore.

DraftKings Named as Boston Red Sox Official and Exclusive Daily Fantasy Sports Partner

Large Picture of Baseball With a Baseball Field Background
Boston-based DraftKings has entered into an agreement to become the official and exclusive daily fantasy sports partner of the Boston Red Sox.

Said Ezra Kucharz, the chief business officer of DraftKings in a statement:

“We are thrilled to team up with a historic franchise like the Red Sox and bring DraftKings closer to this passionate fanbase, which is even more special given our hometown Boston roots. As a Boston-born company, we are well-acquainted with the devotion of Boston sports fans, and we believe the engagement possibilities of this integration are only just beginning.”

The Red Sox is the latest deal that DraftKings has entered into in the area. Previously, it signed similar pacts with the New England Patriots and Boston Celtics.

In-Stadium Branding

The in-stadium branding privileges of the deal include the DraftKings logo will be displayed throughout Fenway Park, in addition to it current signage above the iconic Green Monster. DraftKings will also have field level home plate signages and LED branding along the first and third baseline for one inning at every regular season home game.

Aside from those, DraftKings will be promoted as the official daily fantasy partner of the Red Sox Foundation through emails, social media posts, and the Red Sox Foundation. To further its CSR efforts, DraftKings will also have title sponsorship to to the 50-50 raffle for all home games. This includes branding on raffle sales team paddleboards, raffle tickets, and email blasts.

Massachusetts Sports Betting Closer to Being Legalized

The announcement of the deal comes one week after the Massachusetts House of Representatives voted 156-3 in favor of a bill that would legalize sports betting in the state. The bill was a comprehensive one, as it was the product of 19 different gambling bills from at least a dozen lawmakers. Before it got the nod last week, a total of 13 amendments were added to H 3974.

With the approval of H 3974 in the Massachusetts House, the bill is now headed to the Upper Chamber and from the Senate, it is hoped that it will smoothly sail to the desk of Gov. Charlie Baker, who is one of the leading proponents for the Massachusetts sports betting bill.

Massachusetts House to Debate Sports Betting Bill on Thursday

Two Laptops Showing Sports in Front of a Pile of Money

The Massachusetts House is getting ready for a debate on the legislation that would legalize sports betting in the state.

According to a memo sent by the office of House Speaker Ronald Mariano to the House of Representatives, legislators were told to prepare for a debate at Thursday’s formal session on the revised version of Rep. Dan Cahill’s sports betting bill.

Cahill’s bill was redrafted by the Committee on Economic Development and Emerging Technologies and favorably reported out by the committee over the weekend. It could still be edited by the House Ways and Means Committee before it hits the debating floor on Thursday.

In-Person and Mobile Sports Betting

Under the 38-page bill reported by the committee, legal sports betting in Massachusetts would be regulated by the Massachusetts Gaming Commission with casinos, slot parlors, simulcasting facilities, and horse racing tracks in the state allowed to apply for licenses to accept in-person sports wagering.

Operators will be allowed between one to three mobile sports betting platforms. Those who wish to offer mobile-only sports betting are also welcome to apply for licenses and all bettors must be at least 21 years old and physically present in Massachusetts to make place a legal bet.

Entities who wish to apply for a sports betting license will be required to pay an application fee of $100,000. Approved applicants will pay an initial $5M in initial fee for the license and another $5M to renew after five years. The first time fee will be reduced to $4M for companies which paid $1M for a temporary license to start taking bets while their request is pending with the commission.

Details of Massachusetts Sports Betting Bill

Bets on professional and collegiate sports contests would be allowed. However, wagers on the individual performances of college sports athletes are not permitted. The provision to allow bets on college sports has been a recurring theme in the three years that lawmakers have been discussing sports betting.

Although fantasy sports isn’t covered by the legislation, it also permits legal bets on motor race events, e-sports, competitive video games, and any other sporting event that is approved by the Massachusetts Gaming Commission.

Mobile bets will be charged 15% under the bill while in-person wagers will be taxed at 12.5%. An additional 1% tax would be levied for bets made on events in Massachusetts and this additional fee will be distributed proportionately between the facilities that hosted the said events to be utilized for “sports wagering security and integrity.”

MA’s Casino Revenue in June Drops Slightly From May

MA Casino Revenue

Massachusetts is home to just three casino-resorts. Interestingly, these properties help to bring the state a massive amount of revenue every single month. Reports surfaced this week showing that MA’s casino revenue in June dropped ever so slightly when compared to the month prior.

That isn’t a major disappointment. Much of the state’s land-based casino industry has yet to fully recover. Today, we’ll take a close look at exactly how much money the different casinos in this state managed to bring in last month.

Let’s get into it!

Most US Casino Hubs Continue to See Tourism Surges

The US casino industry continues to perform considerably better in 2021 than it did last year. That isn’t a surprise when considering how long casinos across the US were shut down for last year. Most have since reopened and many people around the country have been consistently flocking to different casinos throughout the year.

The country’s biggest gambling hubs were struggling immensely throughout 2020. This year, however, most of these casino destinations have been reporting huge surges in tourism. That includes places like Las Vegas.

This doesn’t appear to be slowing down anytime soon, either. Las Vegas is likely to see its tourism figures increase as the year goes on. Part of that could be due to the opening of Resorts World Las Vegas last month. At $4.3 billion, this is the most expensive casino-resort ever built in the city.

Atlantic City took a little longer to see its tourism and revenue figures increase this year. Fortunately, most restrictions on casinos have been lifted here. Many of the biggest resorts here are now undergoing major renovations in an effort to bring in more tourists.

As tourism increases, revenue goes up, too. Even many of the smaller casino hubs in the country like Colorado have been seeing increases in gaming revenue. It’s an exciting trend and one that should go on throughout the rest of 2021.

Massachusetts has developed a small, yet successful gaming industry over the years. We’re now beginning to hear about how much money the casinos here brought in last month.

Here’s a Look at MA’s Casino Revenue in June

The Northeastern US is quickly turning into one of the biggest gambling destinations in the United States. Places like New Jersey and Pennsylvania are now well-known for their huge number of popular casinos. Massachusetts is also now developing a successful casino industry.

Three casino-resorts are currently based here. That includes the Encore Boston Harbor, MGM Springfield, and Plainridge Park. Some of the country’s most powerful gaming companies own and operate these popular gambling venues.

This week, reports on MA’s casino revenue for June finally came out to the public. Some are surprised to hear that casino revenue here actually dropped slightly when compared to the month of May. It wasn’t by much, however, and likely didn’t worry the casino owners in the state.

Overall, casino revenue in Massachusetts came out to $84 million during June. That represents a very slight drop from the $$86.6 million earned during May. Poker remains closed in all casinos here, meaning this revenue was earned solely from slots and table games.

When poker returns, revenue figures will likely surge once again. There is certainly reason to be optimistic about the future of Massachusetts’ gaming industry. Many are now looking ahead at how the state’s gambling options may expand in the future.

Several prominent lawmakers here are pushing to get sports betting legal in Massachusetts. Here’s a quick update on this situation here.

When Will Sports Betting Become Legal in Massachusetts?

The US casino industry continues to improve at a rapid pace. The growth of this industry pales in comparison to the US sports betting industry, though. In just a few years, it has grown to become one of the most popular forms of gambling around the country.

More than half the country now has a regulated sports gambling industry up and running. The regulation of sports betting is helping to bring many states a huge amount of revenue. Obviously, a growing number of individuals now believe it is time for Massachusetts to launch its own sports gambling industry.

Not long ago, one major state government body met to discuss the pros and cons of sports betting legalization. There are now several bills being presented to launch this form of gambling. Little progress has been made to this point, however, and it’s unclear when any of these bills will receive State and House approval.

There is reason to believe that 2022 is the year sports betting becomes available in this state, though. There are a huge number of hardcore sports fans here. That is partly due to several popular professional teams being based here including the New England Patriots and Boston Red Sox.

The US gambling industry continues to expand at a rapid pace. There are many reasons to be excited about the future of Massachusetts’ gaming options. Stay tuned for updates on the legalization of sports betting here over the next few months.

Are you surprised to see where MA’s casino revenue in June stands? When do you expect sports betting to launch here? Let us know in the comments section below.

Health Rules at MA Casinos May be About to Change

MGM Springfield

For more than a year, the casino industry in Massachusetts has been under intense pressure from health officials. All of the gambling venues in the state have been implementing different regulations to keep their patrons and employees safe. New reports indicate the health rules at MA casinos could soon change in a big way. 

State officials will soon meet to discuss the rules set in place here. It seems likely that some of the regulations here are about to be lifted. 

Here’s what you need to know! 

Gaming Revenue in MA is Surging Throughout 2021 

Massachusetts is home to a fairly small casino industry. For decades, lawmakers here prohibited any traditional casinos to operate in the state. Finally, in 2011, a law was passed to allow commercial casinos to begin operating in the state. 

Some of the most powerful gaming companies in American immediately expressed a desire to open casinos here. MGM Resorts and Wynn Resorts were eventually granted licenses. These companies quickly started coming up with plans to open their properties. 

In 2018, MGM Springfield opened its doors to the public. This was the first major commercial casino in the state. A huge number of people immediately flocked to this property. The Encore Boston Harbor then opened in 2019 and captured a huge share of the state’s gambling market. 

Last year proved to be the worst year in history for the entire US gambling industry. Fortunately, 2021 has been significantly more successful. Last April, the casinos here once again saw a jump in their overall revenue figures

MGM Springfield managed to bring in $21.93 million in GGR last month. The Encore Boston Harbor saw a total revenue figure of $50.18. Overall, the casino industry in the state took in $84.63 in gross gaming revenue. 

This is impressive when considering many of the health regulations set in place in Massachusetts. Interestingly, these rules may be about to change! 

Officials are Meeting to Discuss the Health Rules at MA Casinos 

It’s been great to see gambling revenue numbers increase in Massachusetts lately. The state has invested a tremendous amount of time and money to get its casino industry up and running. The events that unfolded in 2020 undid much of the progress that was made. 

Things are improving rapidly. That may come as a surprise when considering many of the intense health regulations set in place. Even today, the casinos in Massachusetts still require a host of different rules for their patrons and employees. 

On May 26, a group of state gaming regulators will meet to discuss the current health rules at MA casinos. The goal of this meeting is to decide when to begin lifting the restrictions set in place here. It comes as the state’s infection rate continues to drop. Representatives from the state’s commercial casinos will also attend this meeting. 

Bruce Band, assistant director of the commission’s Investigations and Enforcement Bureau, spoke about this situation to the media this week. 

“The casinos, over the last 14 months, have been nothing but cooperative,” he said. “They’ve done everything we’ve asked pretty much and have certainly reached out when they had any questions at all to get it clarified.”

It now seems that the state feels it’s time to begin rolling back restrictions. This comes shortly after the CDC announced that masks are no longer necessary for vaccinated individuals in most situations. It seems likely that the rules at casinos in Massachusetts will soon loosen. 

This is likely to help boost gaming revenue here even further. We’ll be sure to offer updates on this situation over the next few weeks!

Las Vegas Casinos Report Surge of Bookings

Las Vegas is still the country’s biggest and most successful casino industry. It’s here that many of the world’s best casino-resorts are located. Like all other gaming hubs, Las Vegas took a massive economic blow throughout 2020. 

2021 is already a much better year for the gambling industry here. Most of the gambling venues here are now operating at 100% capacity. Recently, Governor Sisolak gave the green light for gaming properties here to remove their mask mandate, as well. 

Most of the casino-resorts here are now reporting a major surge of bookings. Memorial Day weekend is just around the corner. It’s expected to be one of the busiest weekends for the city of Las Vegas in recent history. 

This summer is also expected to bring a massive surge of tourism into Las Vegas. Many of the health regulations set in place here are expected to be removed by June. An influx of tourists will head to the city to enjoy the gambling and entertainment options. 

The opening of Resorts World Las Vegas may also bring a surge of visitors to the city. This is the most expensive property ever built in Las Vegas. It’s slated to open on June 24 and will likely be a truly state-of-the-art venue. 

Do you think it’s time for health rules at MA casinos to be removed? Let us know in the comments section below!

MA’s Gaming Revenue Reports for April are Finally Out!

Encore Boston Harbor

Massachusetts is seeing a major bounceback for its land-based casino industry. The gambling venues in this state have been slowly getting back to the way they were prior to March of 2020. Today, we’ll take a close look at MA’s gaming revenue reports for April.

It’s clear that the land-based casinos in the state are seeing improvements. Some are now questioning how the industry will fare over the course of the year.

Here’s what you need to know!

Casino Hubs Begin Lifting Major Restrictions

For more than a year, the US land-based casino industry has been playing catch-up. Casinos across the country were forced to shut their doors back in March of 2020. It took months for any major commercial casinos to begin operating again.

Each state has the ability to order its own regulations. When the casinos first reopened, the regulations set in place were extremely strict. Many have been slowly lifted as the country’s health crisis begins to improve.

Recently, the CDC announced a new set of health guidelines. The government agency claims that vaccinated individuals no longer need to wear masks while indoors. Casino companies are already taking advantage of this new guideline.

Most of the major casinos in Las Vegas have announced they will no longer require masks to be worn by vaccinated individuals. It represents a major change for the city. Some believe this will help to boost tourism rates here as the months go on.

Over in Atlantic City, the mask mandate will remain in place, for now. If infection rates continue to drop, the mask rule will be removed. Many of the casinos in this city are now undergoing huge renovations and anticipate a surge of tourism over the summer months.

As these restrictions are lifted, more people around the country are making the trip to these casino hubs. Here’s a look at how the casino industry in Massachusetts is faring right now.

Here’s a Look at the MA’s Gaming Revenue Reports for April!

The state of Massachusetts didn’t legalize commercial casinos until 2011. Now, ten years later, this state is home to a large and successful gaming industry. Three popular commercial casinos are operating here now in various parts of the state.

This week, the state gaming commission finally released MA’s gaming revenue reports for April. Overall, the numbers here are impressive. Two of the three casinos in the state saw a revenue increase last month.

MGM Springfield, which was recently acquired by MGM Resorts’ real estate trust, managed to bring in $21,933,551 in total revenue in April. That represents a slight drop from March, yet nothing that will scare MGM Resorts officials.

The Encore Boston Harbor is without a doubt the most popular gambling venue in the state. This property managed to bring in $50,182,346 in April. That is an increase from the $49,666,739 earned in March.

Lastly, Plainridge Park Casino reported $1,126,463 million earned in April. That is a slight jump from the $1,100,408 brought in last March. Plainridge Park is far behind the other gambling venues in the state but is clearly seeing some improvements throughout 2021.

The next four months are expected to be hugely successful for Massachusetts’ casino industry. Stay tuned for updates here!

Online Gambling Revenue is Surging in New Jersey

Massachusetts is now home to a large land-based gambling industry. It wouldn’t be a shock to see more casinos open here over the next decade. There is no doubt that New Jersey still has the largest gambling industry on the country’s east coast, though.

A huge number of popular casino-resorts are operating in New Jersey. There are also many popular online gambling platforms available in the state. The latter options seem to be surging in popularity lately.

Reports have just come out that show New Jersey’s online gambling industry managed to bring in $352.2 million during the month of April. That is an incredible 326.4% increase when compared to the same month in 2020. This goes to show how many individuals are now taking part in the regulated online gambling options here.

Sports betting proved to be hugely popular last month. The state’s online sportsbooks reported $51.8 million in revenue. That is an astounding 1,892% revenue increase compared to March of 2020.

As time goes on, New Jersey’s land-based casinos will begin seeing major revenue increases. Regulations are being lifted here each month. By the summer, the city could look similar to the way it did in 2019 for visitors.

Are you surprised to see where MA’s gambling revenue reports for April stand? Let us know in the comments section below!

What’s Happening With MGM Springfield Right Now?

MGM Springfield MA

Massachusetts is home to a relatively small casino industry compared to many areas of the country. With that being said, this state is home to some world-class casino-resorts. Today, we’ll talk about what is happening over at MGM Springfield.

This gaming venue has been struggling over the past few years. There are some signs that things are beginning to bounce back, though.

Here’s what you need to know about this property!

US Gambling Revenue Surged in 2021’s First Quarter

The US gambling industry was devastated by the events that unfolded in 2021. Early in the year, all land-based casinos across the country were forced to shut down. It took months for any casinos to begin operating again.

2021 is proving to be a much different story. Major casino companies are now reporting consistent revenue surges every month. Not long ago, reports surfaced that showed just how much US gambling revenue has been increasing.

Incredibly, gambling revenue through 2021’s first quarter increased by 17.7% when compared to the same quarter in 2020. It’s also risen by 4.1% compared to 2019’s first quarter. It goes to show how far things have come over the past few months.

Overall, gambling revenue throughout the country surpassed $11 billion. That makes it the highest-earning quarter in the history of the US gambling industry. Much of this is due to the massive surge of revenue earned during the month of March.

Both casino gambling and sports betting revenue have been steadily increasing lately. Major casino hubs such as Las Vegas and Atlantic City are starting to see massive surges in their tourism figures. Many expect this trend to ramp up over the summer months.

The casinos in Massachusetts are beginning to experience a comeback. Here’s a look at what is happening with one of the most popular casino-resorts here.

Here’s an Update on the MGM Springfield

For many years, Massachusetts banned most forms of traditional gambling. Even casinos were prohibited from operating in this state. Things changed about a decade ago and there are now several popular gaming venues operating around the state.

The MGM Springfield first opened its doors to the public in 2018. As the name suggests, this property is owned and operated by MGM Resorts. It quickly became the most popular casino-resort in the city and drew in many gamblers from neighboring states.

Eventually, the Encore Boston Harbor opened its doors here. This ended up capturing much of the state’s casino market. As the years went on, MGM Springfield’s revenue figures began to decrease.

News broke this week that MGM Resorts has sold MGM Springfield to the company’s real estate trust. This will not have any impact on the casino-resort’s day-to-day operations. MGM Resorts will now lease the property and continue running it as before.

MGM Resorts CEO Bill Hornbuckle spoke to the media this week and claimed this transaction “serves the best interests of the shareholders of both companies and further advances our asset-light commitment… [MGM Springfield] has exhibited strong financial performance as it emerges from the pandemic.” 

It’s interesting news. MGM Resorts is clearly happy with the progress that this MA-based casino is making right now. It has received a large sum of money for the recent transaction and can still retain control of its operations. We’ll be sure to offer more updates on this situation over the next few months!

New Jersey Casinos Brace for Summer Tourism Boom

Massachusetts is far from the only casino hub on the East Coast. As many are aware, New Jersey is still home to the biggest casino market in this area of the country. Lately, the casinos here have been seeing a major surge of tourism and revenue.

Gambling revenue has been steadily rising here throughout 2021. Some of the gambling venues here are experiencing bigger monetary increases than others. Most analysts expect a huge surge of tourism here by the time summer rolls around.

As a result, some of the casino companies here have recently announced upcoming renovations. The Ocean Casino-Resort is set for a $15 million renovation over the next few months. Caesars Entertainment has also announced it will invest $400 million into its Atlantic City properties over the next few years.

More entertainment options are becoming available in this city. It seems likely that major shows will be able to take place at 100% crowd capacity by the time July rolls around. This should help to boost tourism rates in the city as the months go on, too.

In the meantime, the state’s online gambling options have been growing steadily. Internet sports betting is more popular here than ever before. Hope is now that the land-based casinos here will see pre-pandemic revenue figures over the next few months.

Are you surprised to hear what is happening with MGM Springfield? Let us know in the comments section below!