Encore boston casino should i bring cash11/20/2023 ![]() ![]() Assuming an EBITDA margin of 30%, that means the resort needs to generate $867 million of revenue per year, or $2.4 million per day. This would be a 10% EBITDA return on what was invested and is a good benchmark to use for resorts. To make a decent return on investment, I think investors should look for at least $260 million in annualized property EBITDA, a proxy for cash flow from a property. With a $2.6 billion price tag, the resort needs to generate a lot of revenue to be considered any kind of financial success. Were hotel rooms full, were people gambling, and were restaurants and clubs busy enough to justify the property's cost. When Wynn Resorts reports earnings, it'll be important to look at how those crowds translated to revenue in the resorts's first few days. At the least, these anecdotes indicate strong demand at the resort early in its existence. The Boston Globe recently reported that during the first 24 hours Encore Boston Harbor was open, there were thousands of people waiting to enter, the nightclub was sold out, and there was a wait to bet at the $100-minimum blackjack tables. Encore Boston Harbor in the morning hours.Įncore Boston Harbor.
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