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Old 08-19-2016, 08:21 AM
 
Location: Connecticut
22,057 posts, read 36,381,858 times
Reputation: 5829
Gee, I wonder if this is the reason MGM is so interested in the third casino process here in Connecticut. Jay

Third CT casino a question for MGM's Springfield earnings: Fitch | HartfordBusiness.com
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Old 10-05-2016, 06:51 AM
 
Location: Northeast states
6,771 posts, read 4,615,940 times
Reputation: 1435
Connecticut is on edge

MGM Springfield casino taking shape as steel rises and parking garage moves toward completion (photos, video) | masslive.com
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Old 10-08-2016, 05:45 AM
 
Location: Connecticut
497 posts, read 145,979 times
Reputation: 259
Honestly who cares? The heyday of casinos are gone. Springfield missed the boat. They should of built when the CT casinos did. Foxwoods and Mohegan cashed in big in the 90s, and now with a continuously sluggish economy and saturation of casinos the days of huge profits are gone. Yeah MGM may do good in the beginning, but as the novelty wears off they surely will slow down as well. Add to that a possible casino in nearby Windsor Locks, and it will just get worse.
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Old 10-08-2016, 11:07 AM
 
3,475 posts, read 3,286,860 times
Reputation: 1901
The one in Windsor probably won't happen. In order to have a competitive bidding process you don't allow the two organizations that have licenses to suddenly be granted to merge and act as a 3rd. If local governments did that with alcohol licenses that would be illegal and thrown out of court. You also have the Lewis vs Clark case along with the Wampanogs that will really change the legalities. Tribes were allowed to do quite a bit and the states and feds turned a blind eye. That's no longer the case.

The thing is the long and the short of it is CT hasn't really modernized their practices and often copies MA. MA recently revised their procurement laws to go up to $50,000 without having to go out for bid. Yet there's towns in CT that have it much lower...at $15,000. That's a rate Mass hasn't had in 20 or so years! This means it takes weeks longer for local governments in CT to buy goods and services if not months.

The post 2008 numbers have shown that Springfield has gained back their jobs (and then some) since the recession ended, the Hartford area hasn't. Hartford is expected to file for bankruptcy. The mayor says he needs 30 million for the end of this year and 50 million for the next fiscal year. The state already drew down the rainy day fund to 250 million. If the baseball stadium isn't finished that's a sunk cost of 72 million. If the city wants that as well we're looking at 152 million and that's just for Hartford alone. Add in New Haven, Bridgeport and others.. It is not looking good If it wasn't for military contracts how many large employers would still be in CT?

The other thing with respect to the casinos is regardless of if CT actually makes a 3rd is that union station in springfield will be completed in just eight weeks. A year after is when the CT connector makes 12 stops a day between new haven and springfield. Why bother making another casino if you can just take the train in and then you are there? The other aspect is the i91 decision next month which might set long term plans to put the aqueduct lower and in the process open up the water front to the downtown. Out of the two things I think Hartford has over springfield is the waterfront (other being food trucks).
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Old 10-11-2016, 11:22 AM
 
Location: Northeast states
6,771 posts, read 4,615,940 times
Reputation: 1435
Report: Connecticut could lose $68.3 million from Springfield MGM casino | FOX 61
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Old 10-12-2016, 04:29 PM
 
3,475 posts, read 3,286,860 times
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That could be the possibility but you have to consider a few other things here.

CT cannot stop Mass from opening casinos.
Therefore they cannot stop mass residents from going to those casinos.

A new ct casino might get other people from ct to go to them but even then it's "new".

The real response would be to expand the current once, hire more people and provide more of an "experience", provide transit going to western CT to both places etc.

But these native american tribal lawsuits can really screw things up. Lewis Vs Clark is huge and the one in Mass is also large.

RI might also counter a bit but much smaller. There's also NY. Monticello and Empire City aren't that far off from western CT.
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Old 10-12-2016, 05:18 PM
 
Location: Connecticut
22,057 posts, read 36,381,858 times
Reputation: 5829
Quote:
Originally Posted by mdovell View Post
That could be the possibility but you have to consider a few other things here.

CT cannot stop Mass from opening casinos.
Therefore they cannot stop mass residents from going to those casinos.

A new ct casino might get other people from ct to go to them but even then it's "new".

The real response would be to expand the current once, hire more people and provide more of an "experience", provide transit going to western CT to both places etc.

But these native american tribal lawsuits can really screw things up. Lewis Vs Clark is huge and the one in Mass is also large.

RI might also counter a bit but much smaller. There's also NY. Monticello and Empire City aren't that far off from western CT.
MGM has projected that 40 percent of their customers would come from or through Connecticut. This is why the Connecticut tribes are proposing a joint casino in the Hartford area. They hope to stop the majority if those customers from going there. I will say that they do not seem to be in much of a hurry to build it. Nit sure why. Jay
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Old 10-13-2016, 06:38 AM
 
61 posts, read 63,833 times
Reputation: 53
Why not put tolls on the CT border with Mass and capture the casino traffic rather than build yet another casino.
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Old 10-13-2016, 09:37 AM
 
Location: Connecticut
22,057 posts, read 36,381,858 times
Reputation: 5829
Quote:
Originally Posted by seanhenry View Post
Why not put tolls on the CT border with Mass and capture the casino traffic rather than build yet another casino.
I am not sure what a toll would do. The reason the Indian tribes want another casino is to keep as much of their revenue in the state as possible. Tolls are not run by the tribe, they are run by the state.

As I noted on this forum MANY times, the state can't just put up tolls on an interstate highway that gets funding from the Federal Highway Administration (FHWA). Interstate highways are supposed to be free from tolls unless they were built before or outside the Interstate Highway program that began in the late 1950's. I-91 was built in the 1960's so it must remain toll free unless the state can get special permission to build them. That permission is only given IF the state has plans to reconstruct a highway that is designated a being of significant importance and regular funding is not available to cover the construction costs. The state has no plans to widen that section of I-91 so it would be next to impossible to get the approval needed. Plus FHWA would NEVER approve a border toll since if would likely create a border war between states. Connecticut has approval from FHWA to install tolls for two highways, I-84 west of Hartford and I-95 from New Haven to New York. We will see if either of these will ever get built. Jay
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Old 10-13-2016, 09:43 AM
 
1,710 posts, read 1,026,288 times
Reputation: 1231
People still go to casinos?
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