Along with the tribes, lawmakers in Connecticut are justly concerned with gaming revenues fleeing over the northern border into Springfield once MGM’s venue opens in 2018. That would further dampen Connecticut casinos’ already troubled fiscal situation.<\/p>\n
\n“When Rhode Island launched its industry, we did nothing. When New York got into the game, we did nothing. We’ve got a choice now, continue to do nothing, or fight,” Andrew Doba, a spokesman for the tribes declared\u00a0recently.<\/strong><\/p>\n<\/blockquote>\nBefore the tribes can begin work on building the satellite casino, the state’s General Assembly must first approve the non-reservation property location. The tribal communities recently guaranteed that the current 25 percent share of their slot machine revenue at Foxwoods and Mohegan Sun would continue to be delivered to Hartford regardless of the satellite facility outcome.<\/p>\n
Indian Gaming Wins Elsewhere<\/b><\/h2>\n
While Meister’s findings paint an ugly picture for Connecticut’s gaming environment, elsewhere in the United States tribal groups are\u00a0faring much better.<\/p>\n
\n
Meister says Indian gaming experienced strong growth in 2015, with revenues across the nation at reservation casinos surging 5.5 percent compared to 2014. It marks the fifth straight year Native American gambling income\u00a0has increased, a stark contrast\u00a0to Connecticut.<\/p>\n<\/div>\n
Indian gaming outpaced the US gross domestic product (GDP), which grew 2.5 percent in 2015. It also beat commercial gaming’s performance of 1.6 percent.<\/p>\n
Meister says the total contribution of Indian gaming in 2015 to the US economy totaled approximately $103 billion, employed 770,000, distributed $35.5 billion in wages, and generated $10.5 billion in federal, state, and local taxes.<\/p>\n
There might be more where that came from. “As the economy continues to improve, it will likely lead to improved growth of Indian gaming,” Meister concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Connecticut casinos have endured nine consecutive years in the red in terms of year-over-year performance, and with continued gaming expansion in neighboring states, it doesn’t appear likely that the unwanted streak will come to an end anytime soon. In a new market study compiled by Nathan Associates, a Virginia-based financial consulting firm, principal economist Dr. […]<\/p>\n","protected":false},"author":42,"featured_media":184457,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Connecticut Casinos Outlook Grim, as Neighboring Competition Continues to Hurt State's Two Resorts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n