As Everett Casino Opens, MGM Revenues Dip
MGM Springfield’s gambling revenues for June are just under $20 million, the casino’s second weakest full month since opening nearly a year ago.
A revenue report released Monday by the Massachusetts Gaming Commission showed tables and slots earnings at MGM Springfield sinking $2.3 million from May to June.
The casino’s weakest month was January, when it pulled in just under $19.7 million.
June is the first month in which MGM has had competition with another resort casino in Massachusetts.
Encore Boston Harbor in Everett opened the last week of June. It brought in about $16.8 million in its opening week, according to regulators.
By comparison, MGM Springfield earned about $9.5 million in its first eight days of operation beginning August 23.
Asked about the possible impact of Encore Boston Harbor, an MGM spokesman sent a statement that didn't acknowledge the drop in revenues.
"As we approach our one year anniversary, we look forward to continuing to execute on our strategy to provide one of the most unique and diverse resort and entertainment experiences in the region,” MGM Springfield President Michael Mathis said in the statement.
Mathis has previously acknowledged they were disappointed at some of the early revenue figures at the casino.
Correction: An earlier version of this post incorrectly stated MGM Springfield's lowest revenue-generating month as December. It should have said January.