MGM’s Massachusetts casino nets $9.5m in opening week

MGM Resorts’ new Massachusetts casino generated nearly $9.5m in its first week of activity, despite bad publicity regarding underage visitors drifting near its gaming floor.

Figures released Monday by the Massachusetts Gaming Commission (MGC) show the new $960m MGM Springfield in the state’s southwest corner generated gross gaming revenue of $9.45m between August 24-31, of which $2.1m came via its gaming tables while the rest came from slots.

Across the state, Penn National Gaming’s slots-only Plainridge Park Casino, which opened in June 2015, generated nearly $15.4m in the whole month of August. Of the two operators’ combined gaming revenue of $24.8m, the state’s tax take came to $9.9m. As a Category 1 facility, MGM pays 25% tax on its gaming revenue, while the Category 2 Plainridge pays a 49% rate.

Mass Live quoted MGM Springfield property president Michael Mathis celebrating the “tremendously successful” returns over the venue’s first eight days of business and pronouncing himself pleased that the venue “is being so enthusiastically received.”