The proposed MGM Springfield, which threatens the future of Massachusetts‘ tribal gaming industry.
The New England casino arms race is about to escalate utilizing 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 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 associated with state, meanwhile, Wynn Resorts Overseas won a bid year that is last build a five-star, $1.6 billion resort that is scheduled become the biggest personal development in the annals of Massachusetts, with a grand opening scheduled for a while 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 1 / 3rd of its customers from Connecticut.
Connecticut has sanctioned two casinos in its southeast since the early nineties in return for a portion of the gains. Only the Mohegans and also the Mashantucket Pequots, which operate Foxwoods, are permitted to work casino.
Both, nevertheless, had been hit difficult by the global downturn in the economy of 2008 and are each over Weiterlesen