MGM<\/a> welcomed the idea of the state holding an open competition for a casino in the city.<\/p>\n\u201cWe welcome the tribes\u2019 interest in such a process,\u201d MGM wrote in its own letter to state officials. \u201cMGM has participated in competitive processes in other states, as have the tribes, and we are prepared to do so in Connecticut.\u201d<\/p>\n
Uri Clinton, senior vice president of MGM, expressed confidence that they would win out in any bidding war in Bridgeport.<\/p>\n
\u201cWe\u2019ve got the best site,\u201d Clinton said. \u201cIf someone else wanted to\u2026make a proposal they\u2019d have to have some deal with someone else who has land.\u201d<\/p>\n
While the partnership between the tribes and the state has been a lucrative one, its value has been falling in recent years in the face of increased regional competition. While the state received as much as $430 million from its share of slot revenues in 2007, that number fell to $265 million in 2016, and could continue to decline as Massachusetts casinos open in the next year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The two Native American tribes that operate casinos in Connecticut now say that they want to be part of any process that results in a casino being built in the city of Bridgeport. The move comes in response to MGM\u2019s proposal to build a $675 million resort in the city, as well as a Tuesday […]<\/p>\n","protected":false},"author":42,"featured_media":65050,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
MGM, CT Tribes Open to Competitive Bidding on Bridgeport Casino<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n