Gaming Revenues Continue to Drop at the MGM Springfield

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All casinos do need their fair share of high rollers to survive, however, over at the recently opened MGM Springfield Casino it appears that those high-stake gamblers have been giving the venue a very wide berth, and that in turn has seen gaming income dropping at an alarming rate.

Whilst that properties bars and restaurants have been packing in the customers, Michael Mathis, the President of MGM has stated publicly that those guests do not appear to be wandering over to the high limit gaming tables once they have eaten and had something to drink.

As the casino was nearing completion, it was projected that it would generate around £34.8 million in gaming revenue per month, but that figure now looks wildly over-optimistic, for in its first months of trading, actual gaming income generated has been around just $22.6 million per month.

In fact, back in April, the gaming income generated was down 15% on the March figures, and that is beginning to sound alarm bells for those in charge of the casino.

Blaming the cold, long and wet winter for those lower than expected figures, Mathis goes onto say that he is expecting something of a turn around and increase in income during the summer months, for several of the venues facilities are based on its outdoor courtyard, which should attract the crowds once the weather begins to warm up.

It is also expected that the casinos marketing team are going to have a massive push in the weeks and months ahead, in an attempt to attract more high rolling gamblers through the venues doors, and if that is something they are able to successfully do, then those rather depressing gaming income figures may begin to increase.

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