W3Schools

The Wall Street Journal: Connecticut allows third tribal casino

Connecticut lawmakers approved a third Indian casino Wednesday to fend off new competition in Massachusetts from MGM Resorts International.

The legislation allows the two Connecticut tribes who operate the state’s existing casinos to open a 200,000-square-foot facility in East Windsor with 2,000 slot machines and up to 150 table games. The new facility won’t have a hotel or other resort amenities.

State lawmakers who support a third casino say they are worried a planned MGM MGM, +1.17% casino in Springfield, Mass. could lead to less money for Connecticut’s coffers.

Connecticut’s Office of Fiscal Analysis has said competition from the Massachusetts casino could cost the state $68 million in annual gambling revenue, and the tribes have said MGM’s casino could result in thousands of job losses at Foxwoods Resorts Casino and Mohegan Sun if they can’t build a third facility.

>>> Original Source <<<

Comentários