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“We believe our proposed world-class entertainment complex in Bridgeport is the best option for creating new jobs and revenue, and we will vigorously advocate for our legal rights,” said MGM Resorts International.
The U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act. In March, Democratic leaders in the Connecticut legislature anticipated the court's ruling when announcing plans to create a bill to bring sports betting to the state.
Questions about traffic, increasing casino competition from neighboring states, and the wisdom or breaking the state compact with the tribes operating Mohegan Sun and Foxwoods remain, say several observers.
It's the latest piece in the expanding Bobby V. empire, which includes a pair of Stamford facilities and a film production company whose latest project is "The Greatest Beer Run Ever."
The report by a consultant to the Mashantucket Pequot and Mohegan tribes maintains that a new casino would need to generate $1.083 billion in gross gaming revenue annually to offset revenue lost from Foxwoods and Mohegan Sun.
MGM, which has proposed a $675 million waterfront casino for Bridgeport, has been lobbying for open competition for about a year,
Two new reports are highlighting the financial and political investments that MGM Resorts International has made to secure a stake in Connecticut’s casino industry.
MGM Resorts International sent a letter to the governor and lawmakers that challenged the state to opening the bidding process to nontribal entities.
Danbury's City Council is expected to deliver its verdict as early as next month.
The Bureau of Indian Affairs needs to approve amendments to Connecticut’s gaming compacts with the Mashantucket Pequots and Mohegans, the tribes behind the East Windsor casino, which is not being built on a tribal reservation.
The planned $675 million establishment would feature a 300-room hotel and 100,000-square-foot casino.
Ethical and moral concerns, and charges of conflicts of interest, surround the issue of allowing off-track betting in the city.
Still in the running is Windsor Locks; either way, the government must ultimately agree to allowing a third gambling site in the state.