The proposed MGM Springfield, which threatens the future of Massachusetts’ tribal video gaming industry.
The New England casino arms race is mostly about to escalate with all the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave the way in which for a casino that is tribal the north of state over the Massachusetts border.
Across the edge, MGM Resorts International recently broke ground on its $800 million Springfield casino project, signifying a new era of casino expansion for Massachusetts.
In the eastern of the state, meanwhile, Wynn Resorts Overseas won a bid year that is last build a five-star, $1.6 billion resort that is set become the biggest personal development in the real history of Massachusetts, with a grand opening scheduled for a while in 2017.
The losers within the high priced 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 one third of its customers from Connecticut.
Connecticut has sanctioned two gambling enterprises in its southeast since the early nineties in return for a percentage of the profits. Only the Mohegans together with Mashantucket Pequots, which operate Foxwoods, are allowed to operate casino.
Both, nonetheless, had been hit difficult by the global economic depression Læs videre Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts