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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 gaming industry.

The New England casino hands race is about to escalate with the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave just how for a tribal casino in the north of state across the Massachusetts border.

Across the border, MGM Resorts International recently broke ground on its $800 million Springfield casino project, signifying an era that is new of expansion for Massachusetts.

In the eastern of this state, meanwhile, Wynn Resorts International won a bid year that is last build a five-star, $1.6 billion resort that is set to be the biggest personal development in the annals of Massachusetts, by having a grand opening scheduled for some time in 2017.

The losers into the high priced battle for that permit had been Connecticut’s Mohegan Sun, which now faces a threat to its highly-leveraged properties from the Springfield project.

MGM has said it expects to derive 1 / 3rd 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 percentage of the profits. Only the Mohegans while the Mashantucket Pequots, which run Foxwoods, are allowed to use casino.

Both, however, were struck hard by the global downturn in the economy of 2008 and therefore are each over Continue reading