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Connecticut lawmakers, along with the tribal councils, had hoped to have the satellite venue up and running before MGM Springfield opens this fall. But that’s now looking unlikely, as a shuttered movie theater still stands where the proposed $300 million casino is to be built.<\/p>\n<\/div>\n
Mashantucket Pequot and Mohegan Sun tribal leaders said recently they believe they have enough brand loyalty to retain their customers even with new competition close by. But as gaming options have expanded in neighboring states over the years, Connecticut’s casinos financial trajectory downward suggests otherwise.<\/p>\n
The slot revenue declines have led to fewer tax dollars through its 25 percent sharing compact agreement.<\/p>\n
During its best year, which came in 2006, the tribes collectively paid the state $433 million. In 2017, that figure totaled $269 million, a loss of nearly 38 percent from that high of 11 years earlier.<\/p>\n
Jobs at Stake<\/b><\/h2>\n
After signing the casino expansion bill last June, Connecticut Gov. Dannel Malloy (D) stated that the measure was about securing jobs. Without the East Windsor casino, Foxwoods and Mohegan Sun said some 9,000 jobs would likely be lost, and the state would further lose $100 million in annual tax revenue.<\/p>\n
MGM Resorts has sued the State of Connecticut on grounds that it failed to hold a competitive bidding process and essentially legalized commercial gambling without the required will of its voters. MGM subsequently proposed a $675 million casino resort in Bridgeport, with a promise of creating more than 2,000 permanent jobs.<\/strong><\/p>\nEarlier this month,\u00a0State Rep. Chris Rosario (D-Bridgeport) introduced legislation that would revoke the tribes’ East Windsor satellite casino license, and\u00a0instead initiate a competitive bidding process. The bill has been referred to the General Assembly’s Joint\u00a0Committee on Public Safety and Security.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tribal Connecticut casinos Foxwoods and Mohegan Sun kicked off January with a less-than-amazing month, as slot revenue was down at both properties. After paying out winnings, Foxwoods kept $33.9 million from the gaming terminals, a 2.5 percent decrease compared to the same month in 2017. Mohegan Sun won $44.9 million, which equates to 5.3 percent […]<\/p>\n","protected":false},"author":42,"featured_media":70352,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,13592],"tags":[],"acf":[],"yoast_head":"\n
Connecticut Foxwoods and Mohegan Sun Casinos Start 2018 Sluggishly<\/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