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Massachusetts Lawmakers Praise First Casino’s Impact on Economy

Massachusetts Senators impressed by economic impact of the state’s first full-scale commercial casino

Massachusetts Senators toured MGM Springfield on Monday and praised the property’s impact on the local and state economy, local news outlet MassLive reports.

The $960-million resort, which is home to the state’s first full-scale commercial casino, was the first stop of a statewide listening tour that will see Senators travel around Massachusetts as part of the 2019-2020 Commonwealth Conversations.

MGM Springfield officials, including property President Michael Mathis, welcomed state lawmakers for a tour around the hotel and casino complex that is located in downtown Springfield. Sen. James Welch hosted the event. The Senator told local media that he and his colleagues were able to see what MGM Springfield has been providing not only from a gaming and entertainment standpoint but also from an economic standpoint.

Las Vegas gaming and hospitality operator MGM Resorts International debuted the $960-million hotel and casino resort last August. The property thus became the first of its kind to commence operations in Massachusetts.

The state legalized casino gambling in the early 2010s. Massachusetts gambling regulators then selected MGM and rival Las Vegas powerhouse Wynn Resorts to build and operate the state’s only commercial casino resorts. Wynn’s Encore Boston Harbor is currently under development in the city of Everett and is targeting mid-2019 opening. Massachusetts is also home to a slots-only parlor in Plainville.

Senators Laud MGM Springfield

More than 20 Senators toured the downtown Springfield resort yesterday. They pointed out that the opening of the property has been “an overwhelmingly positive experience” that has created opportunities in various important areas from gaming and entertainment to new jobs.

Commenting on yesterday’s trip to Springfield, Sen. Michael Rodrigues told local media that what he saw there was “absolutely beautiful” and that people were happy, it was busy, and that he and his fellow lawmakers were impressed with the thought and work that went into designing MGM Springfield and its facilities.

According to data by the Massachusetts Gaming Commission, MGM Springfield generated gaming revenue of nearly $101.5 million in the period between August 23, when it opened doors to the public, and December 31, 2018. The property contributed more than $25.3 million in taxes to the state. Under Massachusetts’ gambling law, casino operators are taxed at a quarter on their gaming revenue.

MGM Springfield currently employs around 3,000 people. The property’s owners pledged that at least 35% of its employees would be from Springfield.

Massachusetts Senators’ tour around the hotel and casino resort took place shortly after local news outlet WCVB cited information provided by the State Police that there were two times more crime incidents in the area surrounding MGM Springfield in the months after its launch. According to numbers by the State Police, there were 208 incidents at the property that resulted in 120 arrests. Those incidents included assaults, sexual offenses, and robberies, the police report went on.

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The post Massachusetts Lawmakers Praise First Casino’s Impact on Economy appeared first on Casino News Daily.

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