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.
Atlanta may be the next major U.S. city to open the door to so-called Las Vegas-style gaming resorts. MGM has confirmed that it is taking a serious look at the possible opportunity there.
Boyd Gaming plans to spend $45 million adding another hotel tower and additional amenities at its Delta Downs racetrack and casino 120 miles east of Houston in Vinton, La.
Atlantic City’s troubled casino industry is hungry for new ideas and the ideas are coming. The problem is that some of them do not appear to make a lot of sense given the fact that existing casinos have been losing business.
Mark Frissora has formally checked in at Caesars Entertainment Corporation where he assumed his duties as president and chief executive officer. Now that he has all those titles, what is he going to do with the job?
Macau operators saw their casino revenues fall to $2.2 billion (17.4 billion patacas) but they managed to beat the 38.3 percent dive that had been the median estimate of six financial analysts.