Overlooking the city of Boston, the $2.6-Billion, 3 million square-foot complex has 671 rooms, 'a 210,00-square-foot casino, 15 dining and lounge venues (including a buffet, of course), 50,000 square feet of indoor and outdoor event space, a spa with 16 treatment rooms, 10,000 square feet of retail space and a six-acre park,' according to CNBC. However, the new resort-casino's prospects might not be as great as Wynn Resorts and Wall Street analysts proclaim.Įncore Boston Harbor, Wynn Resorts' newest addition to their gambling empire, has now been open for over a month. However, Wynn recently opened a brand new resort-casino in Massachusetts, where Bernstein suggests 16% of Wynn's EBITDA could eventually be generated. As more than 75% of Wynn's 2018 EBITDA came from Macau, their operations there will surely receive the lion's share of questioning, per usual.
( NASDAQ: WYNN) will report their 2nd-quarter financial results. Active contributors also get free access to SA Essential. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Editor's note: Seeking Alpha is proud to welcome DP Technologies as a new contributor.
