Betting Casino General News

In its opening week MGM’s Massachusetts casino generates a revenue of $9.5 millions

On Monday, September 17th, MGM’ new Massachusetts casino revealed that it generated almost $9.5m in only a week’s activity, regardless of the fact that it gained bad publicity due to underage visitors being spotted on its gaming floor.

According to the figures released on Monday by the Massachusetts Gaming Commission (MGC), it showed  that the new $960m MGM Springfield in the state’s southwest corner managed to assimilate gross gaming revenue worth $9.45m between August 24-31, $2.1m of it came through the casino’s gaming tables and the rest from slots.

Launched in June 2015, Penn National Gaming’s slots-only Plainridge Park Casino, which is situated across the state, generated approximately $15.4m in the month of August, Roughly $250k more than the property’s July earning, showing signs of the casino adapting to the competition.

The state’s tax take came to $9.9m, out of the two casino operators’ combined August gaming revenue of $24.8m. Being a Category 1 facility, MGM pays 25% tax on its gaming revenue, and accordingly being a Category 2 facility Plainridge pays a 49% rate.

According to MGM Springfield property president, Michael Mathis, he said the casino welcomed nearly 150k guests in just its opening weekend, with the property “continuing to enjoy good visitor volumes” even after the hype created by the grand opening has calmed.

Along with being the state’s first proper integrated resort, MGM’s new venue also offers many non-gaming amenities, that includes a six-screen movie theater.

Additionally, all children who all below 16 years of age should be constantly accompanied by adults and also no individual who isn’t legally eligible for gambling be able to loiter on the periphery of the gaming floor while their parents are gambling.

Local media was then informed by MGM spokesperson Saverio Mancini that every gambler has to take some “extra effort” to maintain a distance between their kids and anyone loudly decreeing the need for a new pair of shoes.

About the author

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Mathieu Thomas

Mathieu is a diehard Rafael Nadal fan. He is very passionate about covering emerging talents in different sports. When he is not screaming his lung out to support his favorite team, he can seen watching movies and planning his next travel destination.

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