The MGM Springfield was open for its first full month in September with earnings reports published this week revealing the venue earned almost $27 million in gross gaming revenues in that time period. The Massachusetts Gaming Commission has reported that the venue was able to create just over $18.1 million via slot gaming and only over $8.8 million with dining table games.
A Solid Introduction:
The new casino hotel opened on August 24th and within the initial eight days of company , was able to create over $7.34 million from slot games and near $2.11 million from table games. Since opening in August, the casino has stayed busy and doesn’t reveal any signs of slowing down. The September figures demonstrate that the casino is a destination for residents in the area in addition to visitors to the region.
Based on wwlp.com…
Mike Mathis, the President and COO of MGM Springfield, commented: &ldquoWe are happy with the good visitor volume we experienced September, our first full month of operations. Our resort and restaurants are still reflect impressive numbers of guests eager to experience exactly what our new hotel has to offer. Visitors from throughout the region are responding well to the width of the general entertainment approach. Our financial performance is on track with our expectations, and we remain grateful for the ongoing help of the Springfield community.
Revenue Taxes:
MGM Springfield is a Category 1 hotel casino which sees their gross gaming revenue earnings at 25%. The cash provided from gaming revenues is put within state capital. Nearly all the funds are utilized for local aid inside the cities and cities of the country in addition to money going towards transport and infrastructure in addition to education.
Since Plainridge Park Casino and MGM Springfield are in operation, they’ve provided a total of $273,300,682 in taxation and assessments.
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