MGM Springfield reports Q3 revenue, acknowledges continuing challenges meeting women- and minority-owned procurement goals
Get AI-powered insights, summaries, and transcripts
Subscribe
Summary
MGM Springfield told the Gaming Commission it generated about $71 million in Q3 gaming revenue (roughly $18 million in taxes), reported improvements in underage-access incidents and highlighted community grants and events while acknowledging difficulties meeting women- and minority-owned procurement targets locally.
MGM Springfield presented its third-quarter report to the Massachusetts Gaming Commission in Springfield, reporting Q3 gaming revenue of approximately $71,000,000 and noting the quarter produced roughly $18,000,000 in taxes. Year-to-date gaming revenue was reported around $212,000,000. The casino also reported sports-wagering and lottery-sales increases for the quarter.
Procurement and diversity: MGM said its third-quarter biddable diversity spend was roughly $1,000,000 and local biddable spend about $2,800,000 (noting percentages to local and Massachusetts vendors). The company acknowledged it continues to struggle to meet women- and minority-owned supplier targets in the local market due to limited availability of businesses that match all procurement requirements; staff said they will continue outreach and matchmaking efforts.
Employment and community programs: MGM reported a workforce that is 54% minority, 40% women and that 40% of employees are Springfield residents. The company described partnerships and grants to community organizations such as Roca and Dress for Success (a $30,000 grant to Roca and $5,000 contributions to workforce events), ongoing food-bank and United Way partnerships, and major events at the MassMutual Center that produced significant single-day economic impacts.
Compliance highlights: Dan Miller, MGM's director of compliance, said the longest underage intrusion was an 18-minute incident on July 4; otherwise auditors saw reductions in incidents and no gaming- or alcohol-consumption incidents reported for the period presented.
What it means: MGM emphasized continuing procurement outreach and workforce-development partnerships while flagging that local vendor capacity remains a constraint for meeting some diversity targets. Commissioners asked follow-up questions on seasonal effects and procurement strategy; MGM reiterated plans for continued outreach, training and match-making events.