Encore Boston Harbor Poker Tournament Schedule

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Encore Boston Harbor Poker Tournament Schedule
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In the first eight days of operation, Encore Boston Harbor generated $16.8 million in revenue, according to the Massachusetts Gaming Commission.

The $2.6 billion resort and casino opened on June 23. In just the eight days of June, Encore generated more revenue than Plainridge Park Casino and was just $3.2 million shy of MGM Springfield. With a full month of July to operate, it’s a near certainty that Encore will overtake the other two properties as the Bay State’s top grossing casino.

Of the total revenue, gamblers lost most of it on the property’s slot machines. $9.12 million in revenue was generated by the 3,158 slot machines on premises. The other $7.67 million came from table games revenue.

Plainridge Park Casino doesn’t have table games and all $13.54 million in revenue came from slot machines. MGM Springfield took in $19.95 million, with $14.7 million coming from slot machines and $5.25 million from table games.

The state collected $15.82 million in tax revenue, with $4.2 million coming from Encore Boston Harbor. Encore and MGM are subject to a 25 percent tax rate, while Plainridge Park is taxed at 49 percent.

If July’s revenue is on par with a shortened June revenue report, Encore Boston Harbor will produce $65.1 million in revenue. The state would receive $16.275 million in tax revenue.

Encore Boston Harbor’s President Robert DeSalvio told the Lowell Sun that they should expect an uptick in revenue as time goes on.

“I will tell you that it takes a while to ramp up and build these properties up to full potential – you have to build a database – so for us, there’s an expectation that it doesn’t come automatically but it will come over time,” said DeSalvio.

The expectations for the property is still $800 million in annual revenue, but DeSalvio said that it was “too early to tell” if the expectations would be met.

In the months leading up to the opening, there were concerns about Wynn Resorts’ gaming license from the state because of Steve Wynn’s alleged sexual misconduct. In May, the commission fined the company $35 million and deemed it suitable to operate in the state.

The Encore Boston Harbor opened with a splash this June. Predictions about the new casino’s impact on the New England poker scene swirled. The Encore would drain players from all of the New Hampshire poker rooms. The Encore would take the best dealers. Twin Rivers would shut down. Foxwoods would go bankrupt. Chasers would lose all its business. And on, and on.

The Encore Boston Harbor has been around for two months now. So what has its impact been on the other New England poker rooms? So far, we would say mixed.

Impact of the Encore Boston Harbor Casino on New England Poker Rooms

Dealers

It’s true that some of our favorite dealers have migrated to the Encore Boston Harbor. While we miss them dearly, plenty of solid dealers remain across New England. We haven’t noticed a general loss of dealer quality in the New Hampshire poker rooms. Many good dealers decided to stay where they were. Others moved from one New Hampshire poker room to another where they had the opportunity for improvements in pay or benefits.

Despite dire predictions of dealer shortages and depressed quality, we just have not seen it. The only exception may be Foxwoods. We played a tournament there recently and encountered a number of dealer errors (and slow dealer speed). But that may have been an exception; perhaps the cash games have not been similarly impacted.

Poker Tournaments

The Encore has not yet begun offering poker tournaments. The rumor from some is that tournaments will begin in September. Others say January. As of now, we just don’t know.

Whenever tournaments start, we predict limited impact on the New Hampshire card rooms that offer low buy-in options. The Encore Boston Harbor, like its sister casino, the Wynn in Las Vegas, is a very upscale venue. The Wynn offers fairly high buy-in tournaments with costs of hundreds to thousands of dollars. While these may compete with the higher buy-in tournaments at Foxwoods, MGM Springfield, or Mohegan Sun, it will not drain Manchester’s $50/$50/$50 players, or the River’s $5 Fin.

We’ll certainly update this post once tournaments commence.

Cash Games

The Encore Boston Harbor has most definitely impacted the New England cash poker landscape. Three months ago, we evaluated cash numbers for all New England poker rooms reporting to either Bravo or Poker Atlas and shared the results. With the advent of the Encore, cash poker numbers have shifted in the following ways:

There is more action overall. The overall number of cash tables in New England is up almost every weeknight, and up appreciably mid-week. Over the past month, there have been an average of 20 to 30 more tables per night across New England on Tuesday through Thursday. There are also about 15 to 25 more tables running on the already hopping weekends. Note that this is despite the fact that summer is typically a down period for poker, as people go on vacation and just generally have better things to do (sacrilege!).
The Encore has captured a significant proportion of the New England cash action. There is no getting around it. The Encore’s cash poker tables are booming. The Encore Boston Harbor sees an average of 35 to 45 cash tables on weeknights and 45 to 60 over the weekend. Typically 40%-50% of the cash poker tables across New England (of those rooms reporting) are being played at the Encore. And there are days when the Encore has more tables running than the entire rest of New England combined.
The Encore Boston Harbor owns Omaha in New England. New England’s smaller card rooms have always struggled to maintain Omaha tables. Since its opening, the Encore has consolidated the Omaha poker action in New England. Chasers used to be the place to go in New Hampshire for PLO. Today, they are not consistently running even a single PLO table on weeknights. Foxwoods, Boston Billiard Club and Casino, and Hampton Falls have also seen drop-offs in their Omaha numbers. Meanwhile, the Encore hosts 4 to 6 Omaha games every weeknight and an average of 6 to 7 tables on weekends.
The Encore has had minimal impact on $1/$2 NLH tables across New England. Almost every room in New England has maintained their $1/$2 cash traffic. From Foxwoods and Mohegan Sun, to Hampton Falls and Chasers, $1/$2 cash poker has remained strong. Most rooms have lost on average only one $1/$2 table per night throughout the week, and one to two tables on weekends. Note that the Encore runs a $1/$3 NLH game, while other rooms across New England are running $1/$2.

Encore boston harbor poker tournament schedule bracket

Rooms Most Impacted by Encore Boston Harbor

While New England cash poker is booming, that does not mean that some rooms have not suffered significantly from the addition of the Encore Boston Harbor. The hardest hit have been the rooms populated by players with the easiest access to Boston. Two rooms in particular have taken brutal hits.

There are days when the Encore has more tables running than the entire rest of New England combined.Click To Tweet

Chasers

Chasers’ story to date has been as a real New Hampshire poker success. Entering the field two short years ago, Chasers quickly became the place to play cash poker. Early on the room’s cash success led them to cancel all tournaments in order to focus on cash. The room thrived for close to two years. Tables were full even on a random Tuesday evening, and wait lists were rumored to be hours long on a busy Saturday.

Unfortunately, sited along the I-93 corridor near the Massachusetts line, it’s only a half hour straight shot from Chasers south to the Encore Boston Harbor. Players living along that populated stretch now have the option to head south instead of north. Chasers has lost on average half of their cash tables on any given night, and those that remain are mostly $1/$2. As mentioned previously, Chasers Omaha action has completely evaporated.

Foxwoods

Back in March, Foxwoods reigned supreme as the most robust cash poker room. Today, it clearly plays second fiddle to The Encore. While its numbers have stayed relatively steady on weeknights, Foxwoods has lost an average of 10 tables during the weekend compared to their March numbers. Foxwoods’ biggest hits have come on their “Other” cash tables. Which is to say, games other than $1/$2 or $2/5 NLH. The Encore has drawn away a significant proportion of those Omaha, Stud, and high limit players that used to call Foxwoods their home. Note that there are still plenty of those mixed game players remaining at Foxwoods. There are just a few less every day. The Encore and Foxwoods between them hold close to 100% of this market in New England.

Of course, it’s still early to assess the long-term impact of the Encore on the New England poker scene. Once everyone has had their shot at playing the Encore Boston Harbor there may be some migration back to the other New England poker rooms. And there is no telling how the landscape will change when the Encore opens their 16 table dedicated tournament room. But some of the savvy owners of other New England rooms will certainly continue to tweak inducements to retain and grow their loyal player bases. Nonetheless, at some point there may be a consolidation, with one or two rooms deciding to step out of this competitive realm.

We’ll continue to track the numbers, so check back in a few months to see how the New England poker landscape has further evolved.

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