MGM Resorts Formally Requests July 16 Referendum
Community Campaign Kick-off Event Planned
SPRINGFIELD (MA) May 14, 2013 – MGM Resorts International today announced it has formally requested a Tuesday, July 16 referendum on MGM Springfield. A letter co-addressed to Mayor Domenic Sarno and City Council President James Ferrera was hand delivered to Springfield City Hall this morning.
This formal request was the latest requirement fulfilled by MGM as the company continues its quest for the sole casino operator's license in Western Massachusetts. On April 30, Mayor Sarno finalized a Host Community Agreement with MGM and chose the company as the only casino resort developer to move forward in Springfield. During a special Friday night session, the City Council unanimously ratified the terms of the HCA.
"MGM is grateful to have the confidence and enthusiasm of Mayor Sarno and now City Council members as we move into the next phase of this competition," said Bill Hornbuckle, MGM Resorts President and Chief Marketing Officer and MGM Springfield President. "We will continue to have an open dialogue with the voters about our project and we look forward to a vote in July."
MGM plans to announce a high-energy "Yes for Springfield" campaign kick-off event as soon as the City Clerk approves the referendum date.
Upon a favorable referendum, MGM would advance to potentially compete before the Massachusetts Gaming Commission with Mohegan Sun in Palmer and Hard Rock in neighboring West Springfield. Both Mohegan Sun and Hard Rock have filed applications with the MGC. Neither town has announced an HCA or has moved to the referendum stage.
Residents likely will be voting prior to the Massachusetts Gaming Commission (MGC) issuing a required suitability determination. All casino developers must be deemed suitable to operate a gaming facility in the Commonwealth before they may proceed with the state application process. Final suitability determinations are not expected until at least August. Applications for gaming licenses currently are due Dec. 1.
MGM Springfield is proposed for 14.5 acres of land between Union and State streets, and Columbus Avenue and Main Street. MGM Springfield unveiled its plan in August to develop an approximately $800 million world-class residential, retail, dining and entertainment district in Downtown Springfield.
About MGM Resorts International (NYSE:MGM)
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. In addition to its 51% interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company's renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations.
For more information about the company please visit www.mgmresorts.com