The Massachusetts Gaming Commission has been investigating allegations of sexual misconduct by Wynn Resorts founder Steve Wynn and what the company's board might have known about them. The results of the investigation might impact the company's license to operate in Massachusetts.
But taking over Wynn's development in the more desirable Boston market would require MGM to find a new owner for its casino in the western part of the state. Massachusetts law prevents casino operators from holding more than one state gambling license.
Gambling analysts have suggested the Indian tribes that operate Connecticut's Mohegan Sun and Foxwoods resorts would be the most obvious suitors if the Springfield property became available, though a spokesman for the tribes shot down the idea on Wednesday.
"Speculation about us buying Springfield is rumor mill trash," said Andrew Doba.
The Mohegan and Mashantucket Pequot tribes broke ground in March on a 200,000 square foot casino in East Windsor, Connecticut, that is meant to directly compete with MGM just a few miles across the state line. But the tribe's project has been delayed because the U. S. Department of Interior has not signed off on a revised revenue sharing agreement between the federally recognized tribes and the state.
Thursday promises to be a busy one for MGM. The company is set to release its first quarter earnings and Massachusetts gambling regulators will hear updates from city and company officials on the Springfield project.
MGM already has hired some 400 of the 3,000 people expected to work at the 15-acre complex when it opens, Hornbuckle said.
Slot machines are being placed on the 125,000 square foot gambling floor and the 250-room hotel is being fitted and furnished, he said.
Rehabilitation of the city's historic Armory, which the company envisions turning into an events space at the center of a vibrant open air marketplace, is among the next major projects, as is completion of an eight-screen movie theater and other entertainment amenities, Hornbuckle added.