Massachusetts reports January results
The gaming regulator from Massachusetts has reported that GGR in its three casinos was US$80 million in January.
US.- The Massachusetts Gaming Commission reported this week that the Plainridge Park Casino (PPC), MGM Springfield and Encore Boston Harbor generated approximately US$80 million in Gross Gaming Revenue (GGR) in January.
Plainridge Park is taxed on 49% of GGR. Of that total taxed amount, 82% is paid to Local Aid and 18% is allotted to the Race Horse Development Fund. MGM Springfield and Encore Boston Harbor, category 1 resort-casinos, are taxed on 25% of GGR; those monies are allocated to several specific state funds as determined by the gaming statute.
Plainridge’s GGR rose to US$876k after seven consecutive months of decreases, while Encore reported US$48.6 million, around US$6 million less than what it had achieved the previous month. MGM Springfield registered US$20.6 million in January, up from the US$18.9 million in December.
To date, the Commonwealth has collected approximately $547 million in total taxes and assessments from PPC, MGM and Encore since the respective openings of each gaming facility.
Massachusetts seeks public input regarding casino licence
The regulator has recently announced that it is accepting feedback for specific questions regarding the Southeastern Mass casino licence. The submission deadline is March 16.
The regulator is interested in whether it should consider re-opening Region C and if it should engage in a new gaming market study before deciding to re-open the application process for it. It is interested in feedback on these questions, relevant to the Category 1 (resort-casino) license in Southeastern Massachusetts (Region C).
“We encourage the participation of the public and other interested parties as we conduct critical due diligence on this complex matter that will inform our ongoing evaluation and examination of what is in the best interest of Region C and the Commonwealth,” said Massachusetts Gaming Commission Chair Cathy Judd-Stein.
