International edition
September 22, 2020

Monthly gross gaming revenue is still under pre-opening expectations

MGM Springfield takes in over USD 212 M since opening

MGM Springfield takes in over USD 212 M since opening
"We continue to be pleased with our performance. We’re capturing market share and growing loyalty," said Michael Mathis, president and chief operating officer of MGM Springfield.
United States | 06/21/2019

The Massachusetts' resort, which opened 10 months ago, reported USD 22.285 million in May, a 2.14 % increase from April. Prior its opening, MGM told the state it expected USD 418 million in annual gross gaming revenue in its first year, or USD 34.8 million per month. June is the last month in which MGM Springfield will be the only full-service casino resort in the Commonwealth, with Encore Boston Harbor opening on Sunday.

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GM Springfield reported gross gambling revenue in May of $22.285 million, a 2.14 % increase from the $21.8 million in gross gambling revenue the casino reported in April. The modest increase comes as the downtown Springfield casino launched new entertainment offerings designed to boost business.

The $21.8 million in gross gambling revenue in April had been a 15% decrease from March when the casino reported $25.7 million in gross gaming revenue, according to Mass Live. But March 2019 was a month with five weekends.

In its first 10 months of operation, MGM Springfield has taken in a total of $212.5 million in gross gaming revenue, of that $$66.9 million is from table games and the remainder, $145.52 from slots. The state taxes a quarter of that gross revenue in taxes. So the tax collection in May was $5.57 million. The total over 10 months since the nearly $1 billion casino’s opening in August stands at $53.1 million.

"We continue to be pleased with our performance. We’re capturing market share and growing loyalty," said Michael Mathis, president and chief operating officer of MGM Springfield. "May was an especially rewarding month for us as thousands of guests won cash and prizes through our Great Outdoor Giveaway and various other casino marketing promotions. We were also buoyed by the start of our outdoor summer concert series MGM LIVE presented by The Big E, as well as the launch of Food Truck Fridays. Our Roar Comedy Series continued to be the place for laughs in the region with several near sell-out performances. And we capped off the month with a fun new advertising campaign highlighting MGM Springfield’s ease of access, convenience and the place to go for spontaneous fun and excitement.”

The gross gambling revenues are still below MGM Springfield's pre-opening projections. Prior its opening, MGM told the state it expected $418 million in annual gross gaming revenue in its first year — or $34.8 million per month. The highest one-month take was $26.9 million in September, its first full month of operation.

Regulators at the Massachusetts Gaming Commission released the monthly figures Monday for both MGM Springfield and Plainridge Park Casino in Plainville. Plainridge, which only has slots, reported $14.8 million in slot revenue in May, up $14 million the month before but in line with the $14.6 million in slot revenue in May 2018.

This is the last month in which MGM Springfield will be the only full-service casino resort in the Commonwealth. Encore Boston Harbor opening on Sunday could impact the June numbers.

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