2024.07.18
blackjack online card countingMGM Springfield struggled in its first year and some experts can’t figure out why. But they are highlighting strength in the company’s other regional venues. In July, the Wynn property’s first full month in business, the venue generated GGR of .57 million, or more than double MGM Springfield’s take for that month.Other New England operators are acknowledging the competitive threat from Encore Boston Harbor. firekeepers casino floor planThe shortfall has stunned peopatlantis hotel casino las vegasle with knowledge of the industry, including former MGC head Stephen Crosby.It’s a puzzle, frankly, to everybody,” said Crosby in a recent interview with New England Cable News. “There is something going on. On the company’s second-quarter earnings conference call last month, CEO Jim Murren said that while the company may be “behind in some place, like we’re behind in Springfield, we’re ahead in many other places.”The company’s other regional properties include the Borgata in Atlantic City, N.J., MGM Northfield Park in Ohio, and Empire City Casino in New York, among others.Stiff CompetitionWhen MGM Springfield opened last year, Massachusetts had just one other gaming venue, the slots-only Plainridge Park Casino (PPC). nearest casino hartford ct mgm casino pamgm grand casino gunMGM Springfield struggled in its first year and some experts can’t figure out why. “There is something going on. But they are highlighting strength in the company’s other regional venues. intertops casino free bonus codes“We have already been in partnership with Crown for 12 years and have passed probity screens from regulators without an issue.”Ho added that he is “always happy to go through the regulatory process,” and prefers “jurisdictions where there is a strong governance and a strong regulatory regime.”Crown CrimeAustralian media outlets have raised claims that Crown Resorts has ties to Asian crime syndicates and questionable junket operators that cater to high rollers. But they are highlighting strength in the company’s other regional venues. MGM Springfield recently celebrated its first anniversary, but the integrated resort’s year one performance in Massachusetts caught some market observers by surprise and doesn’t feature much worth touting. island resort and casino campground wild horse pab casino buffetdraftkings casino for android23, 2018. The Massachusetts Gaming Commission (MGC) has yet to release August data for the state’s three gaming properties, but MGM’s New England property likely finished its first year of business well short of GGR expectations of 0 million or more.When Massachusetts policymakers signed off on the project in 2010, expectations were in place for MGM Springfield to deliver first year GGR of 2 million. (Image: Boston Globe)As of July 31, MGM Springfield hauled in 2.82 million in gross gaming revenue (GGR) since opening on Aug. The reports suggest the Aussie casino operator and itatlantis hotel casino las vegass junket partners allowed known criminals and money launderers to visit its properties Down Under, allegations Crown calls “deceitful, unbalanced, and sensationalized.”Crown’s had a tough go in recent years. For example, Twin River Worldwide Holdings, Inc. MGM Springfield recently celebrated its first anniversary, but the integrated resort’s year one performance in Massachusetts caught some market observers by surprise and doesn’t feature much worth touting. foreigner angel of the winds casino coolcat casino online |