{"id":29330,"date":"2015-06-09T14:00:01","date_gmt":"2015-06-09T21:00:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=29330"},"modified":"2015-06-09T15:18:35","modified_gmt":"2015-06-09T22:18:35","slug":"connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/","title":{"rendered":"Connecticut Casino Bill To Be Signed Into Law As State Takes Fight to Massachusetts"},"content":{"rendered":"
\"MGM
The proposed MGM Springfield, which threatens the future of Massachusetts’ tribal gaming industry.
(Image: MGM)<\/figcaption><\/figure>\n

<\/i>The New England casino arms race is about to escalate with the news that Connecticut Governor Dannel P. Malloy\u00a0will shortly sign into law a bill that would pave the way for a tribal casino in the north of state along the Massachusetts border.<\/p>\n

Across the border, MGM Resorts International recently broke ground on its $800 million Springfield casino project, signifying a new era of casino expansion for Massachusetts.<\/p>\n

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 to be the biggest private development in the history of Massachusetts, with a grand opening scheduled for some time in 2017.<\/p>\n

The losers in the costly battle for that license were\u00a0Connecticut\u2019s Mohegan Sun<\/a>, which now faces a threat to its highly-leveraged properties from the Springfield project.<\/p>\n

MGM has said it expects to derive one third of its customers from Connecticut.<\/p>\n

Border Wars<\/b><\/h2>\n

Connecticut has sanctioned two casinos in its southeast since the early nineties in return for a portion of the profits. Only the Mohegans and the Mashantucket Pequots, which run Foxwoods, are permitted to operate casino.<\/p>\n

Both, however, were hit hard by the global economic downturn of 2008 and are each over $1 billion in debt.<\/p>\n

The increased competition from Massachusetts, and also New York State, means that Connecticut\u2019s two tribal operators could now face \u201cfinancial peril,\u201d Moody\u2019s Investment Analysts said recently.\u00a0<\/strong><\/p><\/blockquote>\n

Ultimately, a new casino, which would be operated jointly by both tribes, could not be built until the General Assembly amends state law to allow casino gambling; the current casinos are permitted because they are located on sovereign tribal lands.<\/p>\n

The tribes are seeking permission to build a satellite casino along the Interstate 91 in order to drive footage away from Springfield. A more complex plan for three new Connecticut casinos was rejected by the legislature.<\/p>\n

Competition Begins<\/b><\/h2>\n

\u201cThe competition is on. The competition has begun,\u201d chairman of the Mohegan tribe Kevin Brown declared in an interview with the Connecticut Mirror<\/i> recently. \u201cThis isn\u2019t a new conversation, however, it is certainly a revived conversation. We need to do something in the face of the development of Massachusetts gaming. To do otherwise would be short-sighted on our part.\u201d<\/p>\n

MGM<\/a> Chairman Jim Murren took the opportunity to ridicule the Connecticut proposal when he broke ground on the Springfield project in March.<\/p>\n

\u201cI’m a little bit bemused, I have to say,” he said. “Connecticut has had a duopoly for decades and instead of attempting to improve the quality of entertainment on the existing resorts, there seems to be a desire to sprinkle slots around the state. That’s not entertainment, I can tell you that. It might raise some revenue, but it doesn’t create many jobs.<\/p>\n

\u201cI think the people of Massachusetts, at least, would vastly prefer to go to a brand-new, luxury resort than a box of slots on the Connecticut border,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New England casino arms race is about to escalate with the news that Connecticut Governor Dannel P. Malloy\u00a0will 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 […]<\/p>\n","protected":false},"author":42,"featured_media":29341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13,18],"tags":[],"acf":[],"yoast_head":"\nConnecticut Casino Bill to be Signed into Law as State Takes Fight to Massachusetts<\/title>\n<meta name=\"description\" content=\"Connecticut casino could be built on Massachusetts borer, operated jointly by Mohegans and Mashantucket Pequots.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connecticut Casino Bill to be Signed into Law as State Takes Fight to Massachusetts\" \/>\n<meta property=\"og:description\" content=\"Connecticut casino could be built on Massachusetts borer, operated jointly by Mohegans and Mashantucket Pequots.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-09T21:00:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-06-09T22:18:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/mgm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"665\" \/>\n\t<meta property=\"og:image:height\" content=\"498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/\",\"url\":\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/\",\"name\":\"Connecticut Casino Bill to be Signed into Law as State Takes Fight to Massachusetts\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/mgm.jpg\",\"datePublished\":\"2015-06-09T21:00:01+00:00\",\"dateModified\":\"2015-06-09T22:18:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Connecticut casino could be built on Massachusetts borer, operated jointly by Mohegans and Mashantucket Pequots.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/connecticut-casino-bill-to-be-signed-into-law-as-state-takes-fight-to-massachusetts\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/mgm.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/06\/mgm.jpg\",\"width\":665,\"height\":498,\"caption\":\"The proposed MGM Springfield, which threatens the future of Massachusetts tribal gaming industry. 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