The proposed MGM Springfield, which threatens the future of Massachusetts' tribal video gaming industry.
The New England casino hands race is about to escalate using the news that Connecticut Governor Dannel P. Malloy will shortly sign into law a bill that would pave the way in which for a tribal casino in the north of state along the Massachusetts border.
Over the edge, MGM Resorts International recently broke ground on its $800 million Springfield casino project, signifying a brand new era of casino expansion for Massachusetts.
In the east of this state, meanwhile, Wynn Resorts Global won a bid last 12 months to build a five-star, $1.6 billion resort that is scheduled to be the biggest private development in the annals of Massachusetts, with a grand opening scheduled for quite 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 through the Springfield project.
MGM has said it expects to derive 1 / 3rd of its customers from Connecticut.
Connecticut has sanctioned two gambling enterprises in its southeast since the early nineties in return for a percentage of the earnings. Only the Mohegans as well as the Mashantucket Pequots, which operate Foxwoods, are permitted to use casino.
Both, nevertheless, were hit difficult by the global economic downturn of 2008 and tend