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Old 04-17-2018, 01:50 PM
 
Location: Northeast states
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State Attorney General deals blow to East Windsor casino

https://www.ctpost.com/news/article/...r-12841314.php
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Old 04-26-2018, 04:38 AM
 
Location: Near the Coast SWCT
64,228 posts, read 46,554,680 times
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Any update on the East Windsor Casino?

I just saw this news this morning that Springfield, MA will be opening one up in August. $960 million dollar casino.

MGM sets August opening date for Massachusetts casino - WTNH


In that article:
Quote:
The Mohegan and Mashantucket Pequot tribes broke ground in March on a 200,000 square foot casino in East Windsor, Connecticut, that is meant to directly compete with MGM just a few miles across the state line. But the tribe's project has been delayed because the U. S. Department of Interior has not signed off on a revised revenue sharing agreement between the federally recognized tribes and the state.
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Old 04-26-2018, 07:48 AM
 
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It's complicated to say the least. Here's a few basic things to keep in mind.

No state government can tell another state what they can and cannot do in gaming.
However, the feds can and they certainly can get involved with tribes.

There was thought that MGM would buy Wynn out and then sell off MGM Springfield probably to one of the tribes. Although that might make economic sense a long list of things would need to occur for that to happen.

Wynn isn't for sale or at least for sale yet. The shareholders want changes on the board of directors and to get them seated and approved could take months. Having said that Wynn just operated at a loss in the previous quarter.
https://www.wsj.com/articles/wynn-re...oss-1524604466 It might make greater sense to let Wynn try to dig itself out and *then* see what happens. There's an old saying in the stock market "Never catch a falling knife". Maybe the tribes might be interested if they have to sell this cheap.

Since CT has no real procurement laws nor a gaming commission the likelihood of a 3rd casino being legally authorized is pretty low, especially if the tribes are running it. They can demo the movie theater and run any type of business they want off tribal land as long as it isn't a casino.

It is within the best interests of local communities to have a full and fair bidding for the license. Perhaps it can include sports betting and animal racing (horse/dog). The process the tribes took lacked transparency and reeked of shysterism. Allowing late proposals, partial proposals (what does that mean legally?), allow owners of property to submit without local approval etc. It could be another three to four years before another casino could be made in CT between a license bidding, demo work, site work and hiring.
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Old 06-01-2018, 08:45 AM
 
Location: Connecticut
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Looks like the Indians received at least part of the federal approval needed for East Windsor. They gave the Mohegans approval but now need to do the same for the Pequots. Jay

Federal Regulators Clear Way For East Windsor Casino - Hartford Courant
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