VIDEO: The Massachusetts Gaming Commission awards the state’s first resort-casino license to MGM Springfield
After completing an intense evaluation process of the resort-casino proposal put forth by MGM Springfield, today the Massachusetts Gaming Commission voted unanimously to enter into an agreement to award the single Category 1 (resort-casino) license available for Region B (Western Massachusetts) to MGM Springfield. The Commission and MGM Springfield signed an agreement outlining a series of license conditions and considerations. The license agreement is available here.
Beginning on June 10, 2014, the five commissioners gave a series of public presentations on the five key criteria used to evaluate all of the expanded gaming applications which include 1. Overview of Project; 2. Finance; 3. Economic Development; 4. Building and Site Design; 5. Mitigation. The commissioners worked with independent advisors and various subject matter experts to evaluate MGM’s final application over the course of many months. That effort resulted in the public presentations and evaluation analysis presented by the commissioners this week. The evaluation presentations and analysis for each of the five categories are available online here.
Today’s vote marks the award of the state’s first resort casino license. The Commission issued the award for the state’s single slots license on February 28, 2014 to Penn National. The Commission will decide the award for the resort-casino license available in Region A (Eastern Mass) by the end of August/beginning of September. The Commission cotinues to work on the timeline for the resort-casino license available in Region C (Southeastern Mass).
Please see the video of the Commission’s vote and the signing of the agreement below: