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MGM Springfield is a hotel and casino complex situated in the heart of Metro Center, Springfield, Massachusetts, United States. Opening on August 24, 2018 in a block of buildings that are historically or culturally influential to Springfield, it became the first resort casino in the Commonwealth. [ 1 ]
MGM Springfield began operating the venue on behalf of the MCCA in July 2017 in advance of its casino/hotel/retail development opening the next year. In 2005, the venue was renamed when Massachusetts Mutual Life Insurance Company entered into a 15-year naming rights agreement for the arena and convention center. The name change took place on ...
The building was sold by the City of Springfield to MGM Resorts for $1.6 million in 2014 as part of the MGM Springfield redevelopment project, a mixed use redevelopment including casino, hotel, movie theatres, skating rink, restaurants, and shops.
In 2018 the MGM company opened the MGM Springfield a destination resort casino in with over 2 million square feet of hotel, casino, shopping, and amenities in Springfield. The construction project involved the restoration of a number of historic buildings that had been damaged in the 2011 New England tornado outbreak .
[37] [38] The acquisition included the Venetian and Palazzo casino hotels and the Sands Expo convention center. [38] Apollo Global Management bought the operating business and leased the property from Vici for $250 million per year. [37] In April 2022, Vici acquired MGM Growth Properties for $17.2 billion (including $5.7 billion in assumed debt).
In 2013, MGM won state licenses to build a $1-billion resort in National Harbor, Maryland [149] [150] and a $950-million resort in downtown Springfield, Massachusetts. [ 151 ] [ 152 ] [ 153 ] In May 2014, the company broke ground on the $375-million T-Mobile Arena located behind New-New York Hotel and Casino, in partnership with AEG Live .