Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts
The proposed MGM Springfield, which threatens the future of Massachusetts’ tribal video gaming industry.
The New England casino hands race is approximately to escalate using the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave the way in which for a tribal casino in the north of state across the Massachusetts border.
Throughout the border, MGM Resorts International recently broke ground on its $800 million Springfield casino project, signifying a brand new period of casino expansion for Massachusetts.
In the eastern associated with state, meanwhile, Wynn Resorts International won a bid year that is last build a five-star, $1.6 billion resort that is placed to be the biggest personal development in the annals of Massachusetts, having a grand opening scheduled for some time in 2017.
The losers into the costly battle for that permit had been Connecticut’s Mohegan Sun, which now faces a threat to its highly-leveraged properties through the Springfield project.
MGM has said it expects to derive 1 / 3 of its customers from Connecticut.
Border Wars
Connecticut has sanctioned two gambling enterprises in its southeast since the nineties that are early return for a portion of the earnings. Only the Mohegans together with Mashantucket Pequots, which run Foxwoods, are permitted to use casino.
Both, however, had been struck difficult by the global downturn Continue reading →
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