Raked 4/8 and 8/16 limit hold’em would probably take the most

I am not denying that fewer people are working only that you stated as a fact that fear of exposing their kids. Also while there are plenty of entry level jobs if you move up some in wages the scene quickly changes. There are also many indirect subsidies still in place. Making the child care credit refundable for example.

There are many subsidies and there are many reasons why people are not working. I doubt fear of exposing their kids is tops. I suspect for the under 35 crowd there are more nit working because they are not vaxed than those worried about exposing their young kids. Some of these are because they are concerned of catching it themselves and some because they can’t get hired because they are not vaxed.

Btw what state cut off federal supplement to UI prior to middle of May? Were vax shots universally available for US adults by then?

To add a +1 to this conversation: I was a full time dealer in NH who opted not to return after reopening was approved because of the risk to my wife and child. I've been out of work since March of 2020 and haven't received any unemployment since about May. For us, the risk wasn't worth it and like many of my friends/acquaintances in the business in not going back even after my kid is vaccinated and instead will be starting a job in tax accounting in January.

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My wife and I found out how to make it work on one income and prefer this lifestyle. She wont be going back until all of our kids are in school in a couple years. It wasn't the plan, but it beats the old way for us, and we know others in the same boat.
This is one of several reasons for staffing shortages.

Covid snapped many people out of the capitilism cycle. Wages across many industries aren't high enough for the risk reward. Also if you're an office worker many can work from home.

At my work it is hard to get young people, they quit after a couple weeks. Wages just aren't high enough,

Mon-Fri 10am-8pm? Can just drive a half hr to NH and play till 1am. Sounds like they want poker to fail so they can claim there is no demand and shut it down permanently.

I did state family and kids as fact due to the high percentage of my contacts who didn’t return to the workforce for those reasons and many of them were dealers. There were 25 states who cut off benefits in June and I believe most everyone was eligible for vaccinations by then since I received my shots in May.

Article from PokerNews about new hours of operations. They were no very helpful at all.
https://twitter.com/PokerNews/status...942044163?s=20

I think the article helps in that it highlights the situation for those that are not close to it. Maybe more complaints will come of it? Who knows if that would do anything.

Saw this referenced in a Facebook group, had to do some serious digging to find where it was copied from. I'm not getting any relevant Google results when I search for news on this, anyone have a link?

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+2,200 parking spaces, apparently. Completion in 2024.

https://www.bostonglobe.com/2021/12/...asino-everett/

If the Wynn/Encore had a clue what they are doing, they would be working on how to cut their losses, and get the hell out of Massachusetts.

Encore Boston had record earnings in 2021 Q1 of $30m and $47m in Q2. What are these “losses” that you speak of?

They also just had their best month (October) since they’ve been open

I'd be very curious to see the numbers adjusted with inflation.
But not surprised they are doing good. There is a lot of money to be thrown at random things by ppl these days! (stimmy checks!)

Don't believe little blurbs you read. The Encore Everett lost over $200 million in 2020 alone.

https://www.businesswire.com/news/ho...r-2021-Results


EBITDA doesn't pay the bills!

Encore lost upwards of $100 million in 2019

Encore lost over $200 million in 2020

Zero chance Encore Everett is turning a profit for 2021.

"Net loss attributable to Wynn Resorts, Limited was $166.2 million, or $1.45 per diluted share, for the third quarter of 2021"

Yes I know that includes Wynn properties beyond Everett.

The Encore in Everett is a sheit hole compared to Wynn/Encore Las Vegas.

The Encore Everett is a sheit hole compared to a half dozen places in Las Vegas.

Long story short: $77 million dollars in EBITDA for Encore Everett doesn't even nick a $2.6 to $3 Billion dollar morgage for the property.

So how can they "cut their losses"? They surely can't sell for $2.6-3bn at this point. Most new investments lose money on paper the first years. I recently worked on a financing project for a supermarket chain financing four new stores. They projected to be profitable in year 5 with heavy paper losses before that.
They might as well ride the cash flow for now!

You cut your operating expenses as much as you can, then take whatever you can get for it. The Wynn would be thrilled to only lose a 'Billion' dollars from their time in Massachusetts.

While I'm no big fan of most of the choices EBH management has made, I think you're misrepresenting a lot here. For one thing, what is the point in highlighting how much they lost in 2020? Were they not completely shut down over 4 months from March to July? Upon reopening were there not heavy restrictions as to capacity, not to mention people generally avoiding casinos because of the risk both to their health and their long-term finances? Also, if I recall correctly Wynn continued paying staff and providing benefits during the closure and after.

As for their financial performance this year, You mentioned the total loss by Wynn, Ltd. as if EBH is solely to blame yet according to the financial statements given in the link you shared, Macau had much larger losses. EBH seems to be doing fine this year, though there is not enough data to really compare their year-over-year changes since they were only open half of 2019, then COVID hit in the first quarter of 2020 and is still influencing businesses everywhere. When they first opened, they estimated $800 million in revenue the 12 months, so they're pretty close to that estimate even with COVID.

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I don’t think people that play slots & table games regularly are stretching $1400 over 9 months lol, but yeah it’s impressive that they are doing so well.

The 7 story parking garage and bridge could be put up super fast while they take their time on the other stuff. This would alleviate a lot of their concerns and poker players taking up parking spaces because we contribute so little to the casino, etc... and get things moving ahead again. There is plenty of parking at satellite lots with shuttle service that makes it a pain and disliked by all but I think the across the street parking lot solution should be ok.

Anyone ever taken the shuttle from Wellington? Might be better than trying to park at Encore.

Yes it's easy

they don't give a **** about poker.

Unfortunately I don’t even think it’s the parking that’s the main issue. Now that they’ve repurposed that space with slot machines they’ll likely never go back to capacity knowing the income loss that could come with expanding back to the original footprint.