Tag Archives: mgm springfield
- Connecticut tribes offer state 25% of third casino’s gaming revenue
April 6, 2017
Two Connecticut tribal gaming operators looking to build a third casino off tribal land have sweetened their financial offer to state legislators. On Thursday, the Mashantucket Pequot and Mohegan tribes sent a letter to Gov. Dannel Malloy, Attorney General George Jepsen and state legislators, offering to give the state a...
- Connecticut to lose $68.3M from MGM Springfield
October 12, 2016
Connecticut financial authorities has painted a grim picture of the state’s annual revenue once MGM Springfield casino opens in September 2018. The General Assembly’s fiscal office estimated that MGM Springfield casino will cost the state $68.3 million in annual revenues since its operations will directly affect Indian gaming payments to...
- MGM gets final casino license; Plainridge revenue down about $1m
December 18, 2015
A recent Massachusetts casino news round-up, in which MGM receives its final gaming license, state regulators praise Mashpee tribe's casino progress, and Plainridge Park revenue slides again in November. After several design changes, MGM Resorts International has received its final casino license for its $950 million integrated resort and casino,...
- MGM Springfield raises projected cost of changes to $950M
November 19, 2015
MGM Resorts is going well above its original cost estimate for the planned casino in Springfield, Massachusetts. The casino operator initially expected to spend $860 million for the project, but on Wednesday, MGM updated its cost analysis to more than $950 million, including capitalized interest and land-related costs. The Las...
- Connecticut calls for another casino across state border as MGM reduces Springfield resort project
October 21, 2015
Less than a month after nixing the 25-story hotel tower proposal, MGM Resorts now wants to scale down the total square footage of the Springfield project. The casino operator is planning to reduce about 14 percent of the total project, removing at least 759,157 square feet from the originally planned...
- MGM gets okay on nixing 25-story hotel tower
October 19, 2015
The Springfield, Massachusetts historical commission has granted MGM Springfield approval for its hotel’s new design and location. MGM Resorts announced that it plans to change the casino's 25-story hotel tower to a six-story low rise with the same number of rooms, citing "skyrocketing" construction costs last month. On a Thursday...
Genting Malaysia may lose $274M on Mass. casino bet
May 23, 2017
MGM Resorts, Fonbet battle online cybersquatters
March 16, 2017