A state gambling regulator reviewing MGM's finances and projected revenues for its proposed $800 million casino in Springfield gave a largely positive assessment as the gambling giant seeks to become the state's first licensed casino operator.


Massachusetts Gaming Commission member Enrique Zuniga developed the report and presented it at a Tuesday hearing. He said the MGM Resorts International casino would draw largely from western and central Massachusetts, and nearby Connecticut.


He said the casino's likely market represents between $416 million to $485 million in potential annual revenue, based on the commission's independent financial advisors.


The five-member commission is reviewing MGM's 236-page casino license application all day Tuesday and Wednesday as it prepares to issue a final award by Friday.


Earlier in the day, Commissioner James McHugh gave the casino plan high marks for building and site design.