Massachusetts’ First Casino Made $6.1 Million in First Week of Its Operation

The Massachusetts Gaming Commission reported on Thursday that the state's first casino made a total of $6.1 million in gambling revenue during the first week of its operation.

The Gaming Commission reported that out of the total money dragged by the Plainridge Park slot parlor the state will receive about $2.5 million. Another $554, 000 will be kept aside for the state's horse racing industry, it said.

It has been said that Plainridge Park recently opened on June 24 and also has a harness racing track. It's expected that the park would be able to generate roughly $200 million in gross gambling revenues in its first full year with about $98 million designated for the state.

As per the state law, 40% of the total revenues made by the facility's gross gambling are reserved for the state and 9% of it is allocated to the horse racing fund.

Lance George, the slot parlor's vice president and general manager, said, "We are pleased by the revenue results and the patron response to the commonwealth's first casino".

Richard McGowan, a Boston College gaming expert said the revenues made by the facility as a 'great opening'. But he said that whether the same situation will last still remains to be seen.

McGowan said in a statement that it is not going to remain the same. Presently people are curious about it, but whether initial enthusiasm will last is the thing to see.

Plainridge will face tough competition both in New York, and in Massachusetts, where Steve Wynn's proposed $1.7 billion casino in Everett and the MGM casino in Springfield will surely take the crowd away, McGowan said.