That\u2019s a number that suggests the casino might come in well below the initial estimates it gave to the Massachusetts Gaming Commission. MGM Springfield estimated that it would bring in $418 million in revenue during its first year in operation, which would require it to win nearly $35 million per month from visitors.<\/p>\n
In a statement, MGM Springfield President and COO Michael Mathis tried to look past the hard numbers to find positives in the resort and its performance.<\/p>\n
\u201cAs we enter our sixth month of operation, we continue to gain valuable insights on the market,\u201d Mathis said in the statement. \u201cWe remain grateful for the ongoing support of the New England region and look forward to an exciting 2019 bringing more great shows to downtown and introducing legalized sports betting for the first time in the Commonwealth.\u201d<\/p><\/blockquote>\n
The numbers, released by the Gaming Commission on Friday, come just days after MGM Resorts International CEO James Murren said that gambling at the resort was \u201cslower, but ramping\u201d in an earnings call with investors.<\/p>\n
MGM Springfield is one of two gambling facilities that has opened in the state of Massachusetts. The commission also reported revenues for the Plainridge Park Casino, with the slots parlor recording $12 million in January revenue. That\u2019s down about $2 million from December, but almost identical to what Plainridge earned during January in both 2018 and 2017, suggesting that business is fairly stable.<\/p>\n