Published
Land-BasedCasinoLegal & Regulatory

Connecticut to open casino development bidding to commercial developers

The

connecticut
Connecticut state legislature has held a hearing into a bill which, if passed, would open up bidding on a potential third casino development to commercial developers.

The proposed bill would require any interested party to invest at least $500,000 in their proposed development and pay a non-refundable $50m licensing fee to the state.

Ongoing negotiations had been taking place between local authorities and the two Native American tribes that run Mohegan Sun and Foxwoods, with a proposal to build a joint tribal casino in East Windsor, protecting local jobs and revenue.

The Mashantucket Pequot and Mohegan tribes, who run the state’s two casinos claim that opening up the bidding process to build a third casino in the state to commercial developers would result in losses of up to $86-million a year.

However a third Native American tribe, which has been trying to build a casino since 2000, opposed the tribes plan stating that the better deal for the state would be to negotiate with commercial developers in southwestern Connecticut.

Richard Velky, Chief of the Schaghticoke Tribal Nation said “Studies show us from Southwestern Connecticut that it has five times the value that East Windsor does; and are we going to do this for any individual group or are we doing this for the citizens and the state of Connecticut.”

Uri Clinton of MGM Resorts International confirmed MGM’s interest in building a casino in Southwestern Connecticut, saying: “MGM is interested in having access to the New York market and right now that path is through this bill.”


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...