The proposed MGM Springfield, which threatens the future of Massachusetts’ tribal video gaming industry.
The New England casino arms race is approximately to escalate aided by 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.
Over 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 associated with state, meanwhile, Wynn Resorts International won a bid year that is last build a five-star, $1.6 billion resort that is placed become the biggest personal development in the annals of Massachusetts, by having a grand opening scheduled for some time in 2017.
The losers within the costly battle for that permit were 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 / 3 of its customers from Connecticut.
Connecticut has sanctioned two gambling enterprises in its southeast since the nineties that are early return for a portion of the profits. Only the Mohegans together with Mashantucket Pequots, which operate Foxwoods, are allowed to work casino.
Both, nevertheless, had been struck difficult by the global downturn that is ec Continue reading