MGM Resorts Delivers Phase II Response In City of Springfield's Casino Selection Process
Includes More Than 3,000 Permanent, 2,000 Construction Jobs
SPRINGFIELD (MA) Jan. 3, 2013 – MGM Resorts International today submitted to the City of Springfield Office of Procurement its detailed response to Phase II of the city's casino selection process.
MGM Springfield’s local team delivered 18 copies of the 700-page RFQ/P response to Springfield City Hall this morning. The team was accompanied by local supporters, Brent Bertelli, owner of Langone's Florist, and Ivette Cruz, Executive Director of the Puerto Rican Cultural Center.
Michael Mathis, MGM Resorts Vice President of Global Gaming Development, who led the team to Springfield City Hall, said: "MGM is excited to have reached this important milestone in the city’s casino selection process. We believe we have provided a comprehensive response to the city’s RFQ/P that will exceed expectations and provide a significant value to Springfield residents.”
Cruz said, “I wanted to be a part of the delivery to symbolize the PRCC’s endorsement of MGM’s well thought out, community-minded plan. MGM is a company that has done its homework to fully understand and become part of our community. They deserve our support.”
MGM's submission detailed its plan to develop a more than $800 million world-class residential, dining, retail and entertainment district in Downtown Springfield. The MGM Springfield plan envisions a revived Main Street area with people walking along vibrant tree-lined streets overflowing with restaurant choices, a variety of shopping options for everyone in the family, an outdoor stage, movie theaters, a casino and hotel that all respect and complement the area’s existing iconic architecture. It also includes plans for an enhanced Riverfront Park, which is in close proximity to the proposed project, and integration of a revitalized Union Station.
Phase II required operators to put forth more in-depth information about their proposals. MGM's submission highlighted how MGM Springfield would create more than 3,000 permanent direct jobs, 2,000 construction jobs, generate millions in annual tax revenues, and spur economic development in Springfield. The spin-off indirect jobs that MGM’s facilities historically create are also in the thousands.
MGM’s response also highlights its commitment to the community beyond its project area. Last year, MGM announced it would create a $5 million loan fund, the Fund for a New Springfield, to help grow local small businesses and vendors. The fund will provide micro loans to local businesses that will need capital to make improvements or expand as a result of the development of MGM’s proposed Springfield operations. MGM views its relationships and partnerships with local small businesses as key to its success in Springfield.
Mathis said, "We look forward to an ongoing dialogue with city officials and the community about the large number of jobs our project will bring to the city as well as the additional economic benefits that are tied directly to our unique proposal. Our RFP submission is another significant demonstration of our desire to partner with the City of Springfield.”
MGM Resorts International is one of the world's leading global hospitality companies. MGM Resorts is the leader in entertainment and hospitality – a diverse collection of extraordinary people, distinctive brands and best in class destinations. Working together, MGM creates partnerships and experiences that engage, entertain and inspire.
The company is unique and truly like no other. MGM Resorts International has: developed and operated many destination resorts at a cost at or in excess of $800 million; generated greater than 50 percent of its companywide revenues from non-gaming sources; and the unique capability to deliver complete vacation experiences to the widest possible customer base. MGM operates 10 destination resorts, which include 40,000 hotel rooms, 15 theaters and two arenas, in the most competitive tourist and gaming market in the world; and has experience developing and operating a destination resort that is LEED Gold-certified.
About MGM Springfield
MGM Resorts has been qualified by the City of Springfield to participate in the second phase of the city’s casino selection process. MGM is seeking the sole gaming license in Western Massachusetts. Since unveiling plans in August to develop MGM Springfield, a more than $800 million world-class residential, dining, and entertainment district on about 10 acres of land in Downtown Springfield, MGM Resorts continues to demonstrate a strong commitment to the entire City of Springfield and its existing infrastructure. Some of MGM’s announcements since August include: a commitment to create a $5 million loan fund, the Fund for a New Springfield, to help grow local small businesses and vendors; its intent to offer a Boots to Business program along with other military benefits now offered at existing MGM properties; and a plan to integrate a revitalized Union Station into the MGM proposal. MGM Resorts local sponsorships include the Spirit of Springfield’s Bright Nights at Forest Park, the Springfield Armor for the 2012-2013 NBA Development League season, the Springfield Falcons for the 2012-2013 American Hockey League season, the Spirit of Springfield’s Fourth of July Fireworks, the Stone Soul Concert, and the Latino Chamber of Commerce Gala. MGM also donated $50,000 to the South End Community Center (SECC) to help support SECC’s After-School Program. The MGM Springfield Community Office at 1441 Main St. is open 9 a.m.-5 p.m. weekdays. People are invited to drop by for a conversation and more information on the company’s proposal.
About MGM Resorts International (NYSE:MGM)
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. In addition to its 51 percent interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino, the company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50 percent investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the company's renowned properties nationwide. Through its hospitality management subsidiary, the company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the company's commitment to sustainable development and operations.
For more information about the company please visit www.mgmresorts.com.
Carole Brennan, (o) 617-856-8118 (m) 617-799-5000