2024.07.17
seneca niagara casino floor mapThe 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. 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. It is a competitive market, but we thought we took that into consideration.”MGM executives aren’t running away from the slow start at the Springfield property. free online slots twin winThe shortfall has stunned peophotels near wild horse pab casinole 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. 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). recently announced a round of layoffs in its home state of Rhode Island, citing weakness there since the opening of the Everett, Mass. morongo casino directions sunset station casino check out timetwin river casino karaokeIt began in 2017, when Melco and Crown were still partnered in Macau. MGM Springfield struggled in its first year and some experts can’t figure out why. (Image: Boston Globe)As of July 31, MGM Springfield hauled in 2.82 million in gross gaming revenue (GGR) since opening on Aug. black lotus casino match bonusIt began in 2017, when Melco and Crown were still partnered in Macau. 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. The shortfall has stunned peophotels near wild horse pab casinole 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. big m casino poker black hawk colorado casino mapboomtown casino promotionsBut by their own admission, some MGM executives underestimated other rivals, including the two Connecticut tribal casinos, Foxwoods and Mohegan Sun.In media interviews earlier this month, MGM Springfield President Mike Mathis said the company did not adequately anticipate Connecticut gamblers remaining devoted to the two casinos in their state.Foxwoods and Mohegan Sun may be rivals to the casino in Springfield, but it appears all New England gaming venues are feeling some pressure from the recentlyhotels near wild horse pab casino opened Encore Boston Harbor. venue.Altering TheIt began in 2017, when Melco and Crown were still partnered in Macau. 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. (Image: Boston Globe)As of July 31, MGM Springfield hauled in 2.82 million in gross gaming revenue (GGR) since opening on Aug. It is a competitive market, but we thought we took that into consideration.”MGM executives aren’t running away from the slow start at the Springfield property. no deposit bonus casino sites roulette wheel casino rules |