
New Jersey Voters Divided on Approving November Referendum to Bring Casinos North

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 all about to escalate using 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 scheduled to be the biggest private development in the history of Massachusetts, by having a grand opening scheduled for a while in 2017.
The losers in the expensive battle for that license 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 / 3rd of its customers from Connecticut.
Border Wars
Connecticut has sanctioned two gambling enterprises in its southeast since the early nineties in return for a portion of the profits. Only the Mohegans and also the Mashantucket Pequots, which run Foxwoods, are permitted to operate casino.
Both, but, had been struck hard by the global economic depression of 2008 and so are each over $1 billion in Continue reading “Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts”