mgm planning new resort casino for bridgeport

“We chose not to do nothing, and that’s why we fared so well since those original conversations.” “The Mohegans and the Mashantucket Pequots have reinvested hundreds of millions,” Butler said. Foxwoods and Mohegan Sun paid $255 million to the state in 2019 as part of their agreement for exclusive casino rights, far more than predicted, even as MGM Springfield fell short of its revenue expectations. Tribal casinos slot machine revenues in the state are down, but only by about 7 percent in the last year, above predictions. He was referring to the long-delayed East Windsor casino, which is still months away from a groundbreaking but on track, he said. “ The market is still growing, surprisingly,” Butler told The Middletown Press, refuting the testimony of a Mohegan executive who said it’s saturated. “Nobody wants to make this move forward faster than we do,” said Rodney Butler, chairman of the Mashantucket Pequot tribal council, to members of the General Assembly’s public safety committee. Mashantucket Pequot and Mohegan tribes leaders said Tuesday before lawmakers that they will build a casino in East Windsor, and if permitted, another one in Bridgeport, most likely a small one. A local zoning permit requires the town to rewrite some rules, a process that could take months longer. It requires an investment of $100 million by the tribes’ joint venture, MMCT. Ned Lamont give the tribes a license to build one, and if that plan survives a legal dispute from MGM.

A Bridgeport casino can only happen if the General Assembly and Gov.

Mgm planning new resort casino for bridgeport