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.
Nevada Gold & Casinos, Inc. announced the signing of a definitive agreement to acquire the Club Fortune Casino in Henderson, Nevada for $14.2 million in cash and 1.2 million shares of the Company's common stock.
Penn National’s Plainridge Park Casino appears ready for its June 24 opening, but Massachusetts Gov. Charlie Baker said he will not be in the crowd looking for a chance to play a slot on the first day of legal gaming in the state.
Proposed restrictions concerning the use of government credit cards in casinos represent another “misperception of the casino industry,” according to the American Gaming Association.
The city of Boston has amended its complaint that challenges the decision of the Massachusetts Gaming Commission to award a casino license to Wynn Resorts.
MGM Resorts has no interest in reducing or eliminating its stake in MGM China Holding Limited, and a second resort on the Cotai Strip that is due to open next year.