MGM Springfield posts US$27 million revenue
MGM’s newly opened venue in Massachusetts has raked US$27 million during its first full month of operation.
US.- The Massachusetts Gaming Commission revealed that MGM Springfield has posted US$27 million in revenue during September, its first full month of operation. The gaming venue opened back on August 24 and has raked US$18 million in GGR from slot machines and another US$8.8 million from table games.
The MGC explained that the good performance by the MGM revenue generated US$6.7 million in state taxes, as the government takes 25% of the venue’s GGR.
The regulator explained that reported revenues only include the casino and not other proceeds from the 14-acre casino complex’s hotel, restaurants, bars and other non-gambling entertainment. Furthermore, it explained that slots parlor and horse racing track Plainridge Park fell way short of MGM’s figures as it merely generated US$14 million from gambling.
According to MGM Springfield president Michael Mathis, September visitor volume was “solid” and the casino’s financial performance is “on track” with company expectations.
