Windsor change: Connecticut to welcome third casino property

Windsor change: Connecticut to welcome third casino property

Tuesday, July 4, 2017 Posted by James Walker
The casino is a joint venture between the Mashantucket Pequot and Mohegan tribes

Dannel Malloy, the Governor of Connecticut, has signed legislation to authorise the operation of a new casino resort in East Windsor.

The legislation was adopted by both chambers of the state legislature with broad, bipartisan support. It specifies that the casino will be owned and operated by MMCT Venture, a joint venture of the Mashantucket Pequot and Mohegan tribes.

As required under the legislation, a $1 million initial payment will be made by MMCT to the State of Connecticut.

Under the regular operations of the casino, the state will receive 25% of gross gaming revenue (GGR) from the operation of slots and table games, with 10% of that amount going to the state’s tourism efforts and the remaining 15% toward the state’s general fund.

Additionally, MMCT will give $300,000 annually to address the issue of problem gambling. The costs of regulatory oversight conducted by the Connecticut Department of Consumer Protection (DCP) will also be borne by MMCT. Furthermore,

The towns of Ellington, Enfield, South Windsor, Windsor Locks, East Hartford and Hartford will receive annual grants from the state of $750,000, while MMCT will also give $300,000 annually to address problem gambling.

“Over the years, our state has maintained a longstanding partnership and compact with the Mohegan and Mashantucket Pequot tribal nations, who employ thousands of Connecticut residents at their casinos,” Governor Malloy said.

“Make no mistake about it – the legislation I signed… is about jobs for the residents of Connecticut, and securing those jobs in our state.”

Mohegan Tribal Council chairman Kevin Brown added: “With a stroke of the pen, we are that much closer to turning our proposal for an entertainment and gaming facility in East Windsor into reality.”

The as-yet-unnamed casino will join two gaming properties currently in operation in Connecticut: Foxwoods Resort Casino, which opened in 1986 and is operated by the Mashantucket Pequot Tribal Nation, and Mohegan Sun, which was opened by the Mohegan Tribal Authority in 1996.

The casino is expected to compete with the upcoming MGM Springfield casino, which is currently in development in Massachusetts, 35 kilometres north of Windsor.

Totally Gaming says: Under normal circumstances, established casino firms would be up in arms at the prospect of a new facility being built near their gaming properties. However, the new Windsor facility is unique in the fact that it brings together Connecticut’s incumbent tribal operators – and both parties will be working hard to blunt the loss of market share to MGM Springfield, which is due to open next year.

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