Wynn Reopening Plan Nixes Poker, Features Enhanced Craps Exclusivity in Boston

As Wynn Resorts forges ahead with efforts to reopen its three US gaming properties, poker won’t be available at those venues. The operator said it will employ social distancing protocols aimed at preventing a second wave of coronavirus cases.

No Poker At Wynn When Reopen
Wynn won’t be offering poker at its US properties when they reopen and craps in Boston will cost a lot more. (Image: New York Times)

Craps players visiting Encore Boston Harbor – Wynn’s newest casino – will also face encumbrances. The popular table game known for players blowing on dice, requiring multiple dealers, and bringing gamblers into close contact with each other – all no-no’s in today’s COVID-19 world – will be confined to the property’s high rollers area.

Efforts to temporarily halt poker action at the Wynn and Encore on the Las Vegas Strip and Encore Boston Harbor appear to jibe with a 23-page reopening plan released by the company last month. In that document, the operator outlines an eight-step poker area cleaning and sanitizing protocol, while noting the game will be available in “a later phase of reopening.”

We don’t in any way want to do anything we can’t execute as safely as possible,” said Encore Boston Harbor President Brian Gullbrants in an interview with Bloomberg Radio.

On Friday, the Massachusetts Gaming Commission (MGC) extended the shutdown of the Bay State’s three casinos to June 1, stoking speculation that gaming properties there will be the last to reopen in the US.

Poker Halt Not a Huge Deal

Financially speaking, going without poker for awhile won’t bring a significant dent to Wynn’s top and bottom lines. Casinos generate profits from poker via the “rake,” which is essentially a tax on each hand played – usually two percent to 10 percent.

Even on large hands, poker isn’t the cash cow for operators that slots are, and the game’s profitability lags beyond other table offerings, such as blackjack and roulette.

Some studies suggest there aren’t intimate correlations between a casino’s rake and slot coinage or hold from other table offerings. That indicates that many poker players are visiting gaming properties exclusively for that game and frequently don’t indulge in other activities.

Boston Craps Impact

How Wynn’s decision to limit craps to the high rollers area affects Encore Boston Harbor’s bottom line remains to be seen. However, there have been signs that in just under a year of operation, the venue isn’t yet attracting well-heeled gamblers on par with the company’s Las Vegas and Macau integrated resorts.

Last November, about five months after Encore Boston Harbor opened, executives there lowered table game minimums to $15 per hand from $50, acknowledging that the Vegas way of doing business doesn’t always work in other markets.

Because of the COVID-19 pandemic, the venue has been closed for two of its nearly 12 months of existence, making it difficult for Wynn to effectively ramp up the property. Still, in short order, Encore Boston Harbor became the highest revenue generator among the Bay State’s three casinos.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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  • HM
    Helen Mason May 18, 2020
    Big mistake not to open right now.People need entertainment just as much as reading books,watching television,drinking a beer...Casinos are alot of sole interaction with people.99.7… Big mistake not to open right now.People need entertainment just as much as reading books,watching television,drinking a beer...Casinos are alot of sole interaction with people.99.7 % of the population does not have vivid and may never get it.Why are they being held back from living?
    Reply
  • DC
    desiree charbonnet May 17, 2020
    How can I become a way how can I apply for a Wayne with you Viper Wing Hotel management
    Reply
  • EJ
    Edward H Jones May 17, 2020
    No craps and no poker will keep me home for a while
    Reply
  • LG
    Lillian Grube May 17, 2020
    We hope Encore in Boston re opens my husband and I have stayed there twice and we absolutely loved it we live in Danbury Ct… We hope Encore in Boston re opens my husband and I have stayed there twice and we absolutely loved it we live in Danbury Ct but it’s worth the trip for us Good luck and stay safe!
    Reply

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