Recent rumors have put MGM Springfield’s future in question. Wynn Resorts reportedly discussed a possible sale of its $2.5 billion Everett casino to MGM.
But state law limits a casino operator to just one casino. MGM would be forced to sell its Springfield property if it were to buy the casino in Everett.
Restaurant owner Nadim Kashouh told 22News his restaurant has undergone special renovations in preparation for the casino’s opening. He still expects to see a finished $960 million MGM casino on Main Street this fall.
“When a company spends almost a billion dollars in a city, I believe they already did their homework, so they know if it’s going to work or not, so I believe it’s going to work,” Kashouh said.
Springfield City Council President Orlando Ramos told 22News that despite the rumors MGM is committed to putting a first-class resort in Springfield.
“There are a lot of provisions in place where it wouldn’t be financially feasible for them to just walk away. Because we have such a host community agreement and such strong state legislation I’m not concerned about the possibility of them walking away from this project,” Ramos said.
According to the agreement, subject to certain exceptions, neither MGM nor any 5 percent owner may transfer an interest in the project without city consent.
The obligations of the host community agreement would be enforced even if the casino ownership changed hands.
Ramos told 22News Springfield residents should not be worried about the future of the casino.
“MGM has kept their promise to the City of Springfield and they’re committed to building here and operating here,” Ramos said.