Friday, January 13, 2012

MGM plans 150-acre casino resort near Boston

Casino, MGM's Beau Rivage, Biloxi, MS (Charles Punzo/Beau Rivage)
Brimfield, MA, USA  /PRNewswire/ -- MGM Resorts International's Chairman and CEO Jim Murren announced the company signed a contract with Rolling Hills Estates Realty Trust to purchase a remote 150 acres of land in Brimfield, MA. The company will seek to develop a world-class resort on the land just north of the Massachusetts Turnpike, 65 miles west of Boston.

Murren, who grew up in Connecticut, expressed his desire to work closely with the people of Brimfield. "The remote nature of this property, along with its proximity to the Mass Pike, is exactly what we had in mind." 


MGM's working name for the development is Rolling Hills Resort. It would be developed on a wooded parcel adjacent to and just north of the Mass Pike. The initial plans include building a new off-ramp from the Pike into the resort.

Murren estimated the resort development would create some 3,000 permanent direct jobs as well as several thousand indirect jobs; along with several thousand construction-related jobs. Murren and other members of the MGM Executive Team were in Brimfield this week to meet with town officials, residents and other community leaders. 


The developers declare that they are committed to continuing dialog with local residents throughout the development process. "In the communities where we locate we get to know our neighbors well," said Murren. "We listen to what they have to say, to their ideas and thoughts. And then we create high-quality world-class destination resorts that offer quality jobs and make the community and our company proud."

Massachusetts Gov. Deval Patrick signed the State Legislature's Conference Committee report on expanded gaming in Massachusetts on Tuesday, Nov. 22. The passage of the bill, which automatically became law with the Governor's signature, kicked off the most highly anticipated public bidding process in the Commonwealth's history. Interested developers will compete for three licenses, one in the Greater Boston area, another in Southeastern Massachusetts and a third in Western Massachusetts. The Governor, Attorney General and Treasurer will appoint a 5-person Gaming Commission that will oversee the lengthy process and award the licenses.
 

ABOUT MGM RESORTS INTERNATIONAL
 MGM Resorts International 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% interest in MGM China Holdings and the MGM Macau, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% 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.  www.mgmresorts.com