MGM Springfield May Revenue Falls Short Of Expectations

MGM Springfield May Revenue Falls Short Of Expectations

Despite a 2.14 percent increase in gross gaming revenue in May, when compared with the previous month, MGM Springfield is yet to meet the expectations.

The casino generated $22.285 million in revenue in May. The slight increase in revenue is attributed to the new amenities added to the facility aimed at increasing revenues.

Earlier in April, the casino generated $21.8 million in revenue. It was a 15 percent decline from the revenue generated in March. The casino generated $25.7 million in March.

Since its inception, the gambling establishment has grossed $212.5 million in gross gaming revenue. While it generated $$66.9 million from table games the remainder, $145.52 million came from slot machines.

Michael Mathis, president, and chief operating officer of MGM Springfield, said: “We continue to be pleased with our performance. We’re capturing market share and growing loyalty. May was an especially rewarding month for us as thousands of guests won cash and prizes through our Great Outdoor Giveaway and various other casino marketing promotions.”

“We were also buoyed by the start of our outdoor summer concert series MGM LIVE presented by The Big E, as well as the launch of Food Truck Fridays. Our Roar Comedy Series continued to be the place for laughs in the region with several near sell-out performances. And we capped off the month with a fun new advertising campaign highlighting MGM Springfield’s ease of access, convenience and the place to go for spontaneous fun and excitement.”

Before operations began at the Springfield casino, MGM had expected it would generate $418 million in gross gaming revenue annually, averaging $34.8 million a month. However, the casino grossed its maximum revenue for one month in September last year, making $26.9 million only.

Leave a Reply

Your email address will not be published. Required fields are marked *