December 7, 2017

MGM 'welcomes' Bridgeport casino competition

MGM Resorts International said Thursday it would welcome Connecticut's tribal casino operators to the state's competitive process for allowing a commercial casino in the state, and potentially in Bridgeport.

On Wednesday, the Mohegans and Mashantucket Pequots, operators of Mohegan Sun and Foxwoods Resort Casino respectively, sent a letter to legislative leaders asking for a chance to compete with MGM Resorts International's proposal for a Bridgeport gambling resort if the legislature is intent next year on considering opening Connecticut to casino expansion.

On Thursday, MGM, which is opening its MGM Springfield casino in Massachusetts this coming fall and has proposed a $675 million Bridgeport waterfront casino here, wrote a letter to legislative leaders and Malloy saying it welcomed the tribes' participation in any statewide competitive process.

"We welcome the tribes' interest in such a process, and urge state leadership, in the 2018 General Assembly session, to do what is truly best for the people of Connecticut," the MGM said. "MGM has participated in competitive processes in other states, as have the tribes, and we are prepared to do so in Connecticut."

MGM emphasized it has advocated "consistently" for a modernized gaming policy in Connecticut, "one that would be inclusive of tens of millions of dollars in licenses fees to be paid to the state." It also recommends market analysis that would determine how best to reverse the downward trend in gaming revenue paid to the state and a constitutionally sound selection process that would avoid the prospect of litigation with the federal government.

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

Today's Poll Has George Jepsen been a good attorney general for Connecticut?<>
Most Popular on Facebook
Copyright 2017 New England Business Media