MGM’s Massachusetts casino revenue falls for second month

MGM Resorts’ new Massachusetts casino reported its second straight month of gaming revenue declines, while its Connecticut casino competitors were also in the red.

Figures released Monday by the Massachusetts Gaming Commission show the state’s two licensed brick-and-mortar casino operators generated gaming revenue of $34.1m in November, down from $35.5m in October.

MGM Springfield, the $960m venue that opened its doors to the public in late August, reported gaming revenue of $21.25m in November, down from $22.2m in October and $27m in September. Penn National Gaming’s slots-only Plainridge Park Casino generated $12.85m, down from October’s $13.5m.

MGM Springfield had earned $9.5m in its first eight days of operation, which suggested that the property was on track to realize its forecast of $418m in gaming revenue over its first 12 months of operation. But MGM Springfield has so far earned just $80m in its first three-plus months and, as they say on Game of Thrones, winter is coming.