Fitch Ratings, a global research and analytics firm, has published their forecasts for the first casino to open in the state of Massachusetts.

Plainridge Park Casino, owned by Penn National Gaming, is projected to generate $176 million in revenue, with $44 million in earnings before interest, taxes, and depreciation a year. With 18% annual ROI, it is expected that Penn will recover over 60% of the project costs before both the MGM Springfield and Wynn Everett open late 2018.

Massachusetts legalized up to three resort-style casino licenses but only one slot machine parlor in 2011 – which Penn opened in June. As of the report, only two of the three possible resort casino licenses have been issued.

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