So far, I've laid out how Encore Boston Harbor could get to around $1 billion in revenue, depending on what you expect from the casino. If we assume $150 million in revenue for these business lines, it's a decent estimate to use for now. There aren't great projections for how much money restaurants and shopping could generate at Encore Boston Harbor, but if we use Las Vegas as a guide it could be around the same as hotel revenue. At $750 million of net casino revenue, the resorts could be very profitable. I think it's possible that gross gaming revenue could be over $1 billion at Encore Boston Harbor, which would then have 25% removed in taxes to get to net casino revenue.

Given Wynn's high-end clientele and prime location in Boston, I don't think the $685 million of gaming revenue outlined above is out of the question. There are also over 3,100 slot machines National Harbor generated $340 per slot machine per day, so that would be another $385 million of revenue if results are similar.

We don't know exactly what revenue from the casino will be, but there are 144 table games, and the most similar recent casino opening at National Harbor generated $5,648 per day, which would be about $300 million in casino revenue from tables. That's a proxy for the market potential that Encore Boston Harbor will try to tap into. The casinoĪccording to Wynn Resorts' estimates, gross gaming revenue in the Boston area - including Massachusetts, Connecticut, and Rhode Island - was $2.6 billion over the past year. That's not a bad foundation to start from, but it's not going to be the biggest money maker for the property.

If we assume the resort can command $600 in revenue per available room, there would be nearly $150 million in potential revenue from the hotel itself. In a presentation to investors, Wynn compared Ritz Carlton's $595 nightly rate and Four Seasons' $775 per night, and given prices of $1,000 around its opening, that may be a good range to expect. Standard rooms are 650 square feet, and there are 18 two-bedroom residences that are 3,350 square feet and two 5,800 square foot villas. Encore Boston Harbor in the early morning.Įncore Boston Harbor's hotel is small at just 671 rooms, but it's intended to be a very high-end resort.

Wynn casino boston