State Gaming Commission Finds MGM Resorts Suitable To Operate In Massachusetts
Company Moves to Next Phase of Licensing Process
SPRINGFIELD (MA) - MGM Resorts International today received a unanimous vote from the Massachusetts Gaming Commission (MGC) finding the company a suitable candidate for a casino license in the Commonwealth. The decision moves MGM Springfield another step closer to being awarded the sole license to operate a destination resort casino in Western Massachusetts.
The Commission's 12-page decision follows the Dec. 9 positive recommendation from its investigative division.
According to the decision, "The Commission, by unanimous vote, finds that the Applicant has satisfied its burden of proving by clear and convincing evidence that it meets the standards for suitability."
MGM Resorts Chairman and CEO James J. Murren said, "MGM is very proud to have received the unanimous support of the Massachusetts Gaming Commission after many months of diligent hard work and cooperation by all parties. Our approach from the start of this rigorous process has been to be as forthright and thorough as possible in order to showcase our company's incredible global work ethic and high standards."
The next step in the licensing process for MGM is the submission of its full license application, which is due to the MGC by Dec. 31. Following that submission, MGM will be required to present its proposal in a public hearing before the MGC. That presentation will be followed by two community public hearings, one in Springfield and one in an abutting community. Details of those meetings, including dates and locations, are expected to be set soon for January and February.
Bill Hornbuckle, President of both MGM Resorts and MGM Springfield said, "We look forward to submitting our MGM Springfield application later this month, and to ultimately being awarded the sole gaming license in Western Massachusetts. The people of Springfield and the region deserve this opportunity. We would be honored to bring our business and community partnerships to Western Massachusetts and be a driver of the resurgence of Springfield."
For nearly two years, MGM officials have been working with Springfield's community and business leaders, stakeholders and residents to gain understanding and support for MGM Springfield. The project was endorsed by many groups and individuals that included neighborhood associations, cultural and civic organizations and labor unions. In July, MGM Springfield was overwhelmingly approved by the voters of Springfield.
MGM officials continue to have conversations throughout the Western Massachusetts region. As a result, MGM Springfield was recently endorsed by regional chambers of commerce representing more than 2,500 businesses, finalized an exclusive marketing agreement with Six Flags New England, and reached surrounding community agreements with Ludlow, Agawam, East Longmeadow, Wilbraham, and Chicopee. The company believes its outreach efforts will lead to further surrounding community agreements in the coming weeks.
MGM Springfield, an approximately $800 million resort, is proposed for 14.5 acres of land between Union and State streets, and Columbus Avenue and Main Street.
The MGC anticipates that the resort-casino licenses for Eastern Massachusetts (Region A) and Western Massachusetts (Region B) will be awarded in spring 2014.
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