MGM Springfield submits $85 million casino licensing fee

MGM pays Massachusetts $85 Million

Artist's rendering of the proposed MGM Springfield casino, including the now-abandoned plan for a 25-story glass tower on State Street. The elimination of the glass tower is part of what the city council has to vote on.

SPRINGFIELD, Mass. (WWLP) – First on, MGM Springfield has paid the state its $85 million licensing fee.  The gaming license is good for 15 years.  The Commonwealth will also receive 25% of gross gaming revenues.

The money goes toward a community mitigation fund, as well as local aid, community colleges and a program to increase tourism, among other programs.

The Massachusetts Gaming Commission officially awarded MGM it’s license on November 6th, two days after voters rejected an effort to repeal Massachusetts’ gaming law.  MGM had 30 days to pay the fee.

Wynn, which won the eastern Massachusetts gaming license, wired it’s $85 million to the state on the 6th.

MGM plans to open its casino in Springfield in the summer of 2017.

MGM Springfield Spokesman Carole Brennan sent us this statement: “Today’s payment of the licensing fee is another important milestone for MGM Springfield. This money will help assure that the economic benefits sought by the gaming law come to fruition. We are delighted to make this strong commitment to the Commonwealth, and to move forward with Springfield’s comeback story.”

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