Analyst gives MGM Resorts edge over Penn National in race for Massachusetts gaming license

17 December 2012

Representatives from Penn National Gaming, Inc. and MGM Resorts International made a pitch last week to residents of Springfield, Mass., as the companies compete for the sole casino license in the western part of the state.

Credit Suisse gaming analyst Joel Simkins attended the town hall-style meeting and came away with the impression that MGM Resorts is the “clear favorite” of Springfield officials.

“Given its high-quality and detailed proposal, track record of building world class resorts, and obvious commitment to support the local community we feel MGM is building a stronger case at this point when compared to Penn,” Simkins told investors.

“We caveat that the process is still early, there will be additional community hearings and we expect Penn to up its game starting with a red carpet event on (Thursday),” Simkins added.

Of the various proposals being floated in Western Massachusetts, Simkins rated Springfield as the most logical location. By Jan. 25, the city is expected to put forward either the MGM Resorts or Penn National location for consideration, but could let the Massachusetts Gaming Commission to explore both proposals.

MGM Resorts is planning an $800 million casino on 10 to 15 acres at Springfield’s south side. Penn National wants to build an $807 million casino on the city's north end.

Massachusetts is not expected to award its gaming licenses until February 2014, almost two-and-a-half years following the enactment of legislation by Gov. Deval Patrick.

“Based on precedent, it is rare that license awards are not eventually met by roadblocks, legal delays, and other issues that slow the process,” Simkins said. He said a casino-resort in Springfield might not open until the last half of 2016.

Related Links
Penn National Gaming, Inc. Gaming Vendor Information
MGM Resorts International Ownership Details
Penn National Gaming Ownership Details
Penn National Gaming Software Details
Massachusetts Gambling


Copyright GamingWire. All rights reserved.
Featured Vendors
Elite Gaming USA
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Elite Gaming USA
Provides a diverse inventory of refurbished gaming equipment and supplies from top manufacturers
Breathe Easy with Smokefree Casinos- a project of the American Nonsmokers’ Rights Foundation
Breathe easier during COVID-19. We can help you reopen smokefree for everyone’s health.
Bar Maid Corporation
Slot Machines Unlimited
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Sunkist Graphics, Inc.
Rymax Marketing Services, Inc.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
TribalHub
Castle Merchandising Inc
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX
Castle Merchandising Inc
Brand Name Products for your Player Rewards and Loyalty Programs
Casino Schedule Ease
Betson Imperial Parts & Service
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Betson Imperial Parts & Service
You one stop shop for all your gaming and OEM needs!
Gaming Tickets, Inc.
Casino Essentials
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
Casino Essentials
The Ultimate Online Training Platform for the Casino Industry
Slot-Tickets Worldwide
Slot-Tickets Worldwide
Slot-Tickets® Worldwide, The Original and Still the Best.


Your Guide to 15,778 Gaming Industry Suppliers