MGM Springfield Awarded First State Casino License
MGM had been named the state’s first official casino operator in Massachusetts after a grueling two year process which saw four other competitors lose out. The decision by the Massachusetts Gaming Commission was unanimous pending the outcome of the state efforts to change the state’s casino laws. According to Commission Chairman Stephen Crosby MGM’s $800 million proposal for the casino hotel and resort was in line with the aspirations and sprit the state envisaged when the state opened up the possibility for a casino in 2011.
The casino resort will be built in the city of Springfield which is suffering from a high unemployment rate and is the third largest city in the state. The mayor of Springfield Domenic Sarno was delighted at his city been awarded the license and said it was “pivotal” in the city’s history as people were hungry to work.
MGM had to work hard to get the license as CEO James Murren of MGM Resorts International stated that the licensing process was amongst the most grueling the company had gone through. According to the terms MGM will not have to pay the $85 million licensing fee immediately and will only have to pay the fee after the Supreme Judicial Court decides if a referendum to repeal the state’s casino law will take place in November.