The proposed MGM Springfield, which threatens the future https://myfreepokies.com/ignition-casino/ of Massachusetts’ tribal video gaming industry.
The New England casino arms race is all about to escalate because of 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 along the Massachusetts border.
Throughout 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 regarding the state, meanwhile, Wynn Resorts International won a bid last 12 months to build a five-star, $1.6 billion resort that is set become the biggest private development in the annals of Massachusetts, by having 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 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 percentage of the gains. Only the Mohegans therefore the Mashantucket Pequots, which operate Foxwoods, are permitted to work casino.
Both, nonetheless, were struck difficult by the global downturn in the economy of 2008 and a Læs resten