SPRINGFIELD, Mass. (AP) A Massachusetts casino reported its lowest monthly revenue in its 16-month history.<\/p>\n
MGM Springfield's December gross gambling revenue was $18.9 million, down from $21.6 million a year ago. The Massachusetts Gaming Commission released its monthly numbers Wednesday.<\/p>\n
The new numbers come amid concerns that MGM Springfield is losing out to an over-saturated gaming market and legalized sports betting opportunities in New York and New Hampshire, MassLive.com reported.<\/p>\n
Overall, MGM has fallen short of promised revenue prior to its opening in August 2018. Regulators were told the casino would bring in an average of $34.8 million a month. Instead, the average over the first 16 full months was $21.54 million a month, with a high of $26.9 million in September 2018, its first full month of operations.<\/p>\n
The president of MGM blamed the December numbers on the bad weather, though Encore Boston Harbor, another casino, reported an improvement in its gaming numbers from $47 million in November to $54 million in December.<\/p>\n
Slots-only Plainridge Park Casino was $10.2 million in December, down a bit from $10.9 million in November. Year-over year, Plainridge was also down from $14 million in December 2018.<\/p>\n<\/p>\n
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MGM Springfield reports lowest month of gambling revenue - theday.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" SPRINGFIELD, Mass. (AP) A Massachusetts casino reported its lowest monthly revenue in its 16-month history Continue reading