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Springfield to Consider Multiple Casino Proposals

The Mayor of Springfield, Domenic J. Sarno, has said that he would be willing to negotiate with more than one casino company looking to develop in Western Massachusetts.

The Mayor of Springfield, Domenic J. Sarno, has said that he would be willing to negotiate with more than one casino company looking to develop in Western Massachusetts.

There are four operators looking to build in Springfield, the latest choice destination for the gambling industry.  According to specialists, by allowing more than one proposal to move forward, the mayor is increasing the city’s chances of hosting the sole gambling resort allowed in the region. Previously Sarno had said that he intended to negotiate with just one casino operator.

The developers will be expected to provide detailed information and make presentations on their proposals over the coming months. Then one or more proposals will be selected to negotiate terms to start building, any agreement reached would then need approval from the City Council and local voters in a referendum. The ultimate decision falls to the state gambling commission who will be awarding the license.

One of the operators bidding for the license, Ameristar, believes that is makes sense to “give Springfield the most opportunities possible to land this casino” and there for welcomes the mayor’s new methodology.

Other operators known to be interested include MGM Resorts, Penn National Gaming and Hard Rock International.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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