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Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts

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 arms race is approximately to escalate with the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave the way for a tribal casino in the north of state along 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 east of the state, meanwhile, Wynn Resorts International won a bid last year to build a five-star, $1.6 billion resort that is set become the biggest private development in the history of Massachusetts, having a grand opening scheduled for some time in 2017.

The losers within the costly 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 one third 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 earnings. Only the Mohegans as well as the Mashantucket Pequots, which run Foxwoods, are allowed to operate casino.

Both, but, had been struck hard by the global downturn in the economy of 2008 and therefore are each o Read more