The Boston Herald tells it as it is in this business story headline, Sept. 18, 2018: “Gamblers lost $10M in 9 days at MGM.” The AP story reports that the Massachusetts Gaming Commission reported that at the Springfield MGM casino, the first full-scale casino to open in since the state expanded its gambling laws, more than $72 million was wagered on slot machines and that 89.88 percent of that was returned to players as winnings. Go to:
Most media reported the first week’s play as the gambling industry (which, like the commission, prefers the euphemism “gaming”) would like it reported. Here’s the Boston Business Journal headline of the same story: “MGM Springfield generates nearly $9.5M in eight days in August.”
File under: The house always wins.