MGM awarded Massachusetts casino licence
Gaming and hospitality company MGM Resorts International has received a unanimous vote from the Massachusetts Gaming Commission (MGC) approving an agreement to award the company a licence to operate a resort casino in Downtown Springfield.
The decision comes following a two-year process of hearings and background investigations after MGM had first announced its interest in August 2012.
The MGM Springfield site is located on approximately 14.5 acres of land and represents a total investment of $800 million (€591.2 million).
The new integrated resort casino will become MGM’s first facility in the US state.
Michael Mathis, MGM Springfield president, said: “The City of Springfield deserves a brighter economic future. Its residents spoke loudly when they voted yes for MGM Springfield in a July 2013 referendum.
“A successful repeal would mean the loss of good jobs, new economic development and a needed revenue stream. It would also eliminate the opportunity to recapture billions of dollars currently lost to neighbouring states.”
MGM said the new site will offer 125,000sq ft of gaming space with 3,000 slot machines, 75 gaming tables, a poker room and high limit VIP gambling areas.
It will also boast a 250-room hotel with amenities such as a spa, pool and roof deck, as well as 55,000sq ft of retail and restaurant space and a multi-level parking garage.
MGM also said that it would create 3,000 permanent jobs and 2,000 construction jobs in the area.
“Today's decision says yes to jobs, yes to downtown revitalisation, and yes to opportunity and hope,” Mathis added.
“We have worked hard to develop the strong relationships necessary to create a world-class urban casino-resort proposal that will anchor a renaissance for an important Gateway City and the region around it.”
Related article: MGM backs online gaming campaign