MGM Resorts scraps plans for casino in rural BrimfieldApril 02, 2012 8:05 PM by Ray Poirier
While the Wynn-Kraft partners continue to focus on Foxborough as the site of a Massachusetts casino, MGM Resorts International (MGM) has scrapped its plans for a casino in rural Brimfield.
In announcing its withdrawal from a partnership with the Rolling Hills Realty Trust, MGM’s Bill Hornbuckle issued a statement saying, "The unique nature of MGM’s plans for an all-inclusive world-class resort on the Brimfield site, and our growing understanding of the needed scope for its infrastructure, simply does not allow us to pursue the comprehensive MGM resort originally envisioned here."
The Brimfield site is adjacent to the Massachusetts Turnpike but has no direct access from the highway.
Some analysts believe the withdrawal will benefit Ameristar Casinos Inc. (ASCA) which has a site in Springfield.
Meanwhile, Bob Kraft, owner of the New England Patriots and owner of the site selected for a casino adjacent to Gillette Stadium, is involved in a dispute with the town of Foxborough over two billboards that sit on the company’s land.
The head of MGM Resorts International is heading to Springfield this week to shore up support for its $800 million resort casino. President William Hornbuckle visits the city on Monday to “reaffirm” his company’s commitment to building the downtown complex.
Churchill Downs Incorporated and Saratoga Harness Racing, Inc. have completed the previously announced transaction whereby CDI has acquired a 25 percent membership interest in Saratoga Casino Holdings, LLC for approximately $24.8 million.
Boston’s latest effort to block construction of the $1.7 billion Wynn Resorts development is a bad idea that will not to anything to serve the best interests of the of the city and its citizens.
MGM CEO Jim Murren says his company is adjusting its operation to a changing market in Macau and the adjacent Cotai Strip. That’s the same approach that Las Vegas operators have taken over the years as they responded to changing market conditions.
It doesn’t have to be a big game to provide big betting value. Such is the case in Chicago where the two worst teams in the American League Central meet.