MGM Springfield Revenues Rebound in January
SPRINGFIELD — The Massachusetts Gaming Commission reported that gross gaming revenue (GGR) at MGM Springfield totaled $20.6 million in January, up from $18.9 million in December, which was its worst-ever full month.
Meanwhile, the Encore Boston Harbor casino recorded $48.6 million in GGR in January, down from $54 million in December, while Plainridge Park Casino posted $11.1 million in January, an almost $900,000 increase from December and its first monthly uptick since last spring.
MGM Springfield’s January GGR totaled included $14.9 million from slot machines and $5.7 million from from table games. The facility named a new president and chief operating officer following December’s poor numbers, replacing Michael Mathis with Chris Kelley.
MGM Springfield and Encore Boston Harbor, category-1 resort casinos, are taxed on 25% of GGR; those monies are allocated to several specific state funds as determined by the gaming statute. Plainridge Park, a category-2 slots facility, is taxed on 49% of GGR; 82% of those taxes are paid to local aid, with 18% allotted to the Race Horse Development Fund. To date, the Commonwealth has collected approximately $547 million in total taxes and assessments from the three gaming facilities.