MGM Springfield opening Shows popular in August

In Massachusetts, the new MGM Springfield integrated casino hotel allegedly generated gross gaming revenues of just over $9.45 million during its first eight times in business and paid some $2.36 million in taxes.

August 24 premiere:

According to a Monday report from The Republican newspaper citing official figures from the Massachusetts Gaming Commission (pdf), the $960 million venue from Las Vegas-based MGM Resorts International opened its doors on August 24 full using a 125,000 sq foot gambling floor offering a selection of a few 2,550 slots along with 120 gaming tables.

Casino to benefit local community:

The paper reported that the eight-day interval saw MGM Springfield record gross gambling revenues of just over $7.34 million out of its slots while the figure for the land ’s table matches attained almost $2.11 million. Under its host community agreement, MGM Springfield is to cover Springfield at least $17.6 million every year in lieu of taxes while all the ‘Category I’ enterprise’s gross gambling revenues are being taxed at a rate of 25% with proceeds spread one of several state funds.

Opening weekend exuberance:

The Republican noted that MGM Springfield had exceeded expectations following drawing more than 150,000 visitors over its first 3 days with the place ’s President, Michael Mathis, announcing that the land has since continued ‘to encounter good visitor amounts.

Mathis into The Republican…

“Even though these gambling revenue figures represent less than eight days of operations in August, they demonstrate MGM Springfield’s exceptionally successful opening week once we welcomed more than 150,000 visitors over our first weekend alone. We’re happy our effort to design a hotel to complement downtown Springfield has been enthusiastically received. ”

Plainridge Park Casino amounts:

Founded in Massachusetts and also the ‘Category II’ slots-only Plainridge Park Casino generated gross gaming revenues of slightly over $15.38 million for the whole of August and paid some $7.53 million in taxes courtesy of a 49% tax fee. The Norfolk County facility using its assortment of over 1,200 machines has been operated by Wyomissing-headquartered Penn National Gaming Incorporated while some 18% of its tax revenues purportedly go to help encourage the eastern state’s Race Horse Development Fund.