U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Connecticut
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-17-2018, 01:50 PM
 
Location: Northeast states
10,329 posts, read 7,229,362 times
Reputation: 2704
State Attorney General deals blow to East Windsor casino

https://www.ctpost.com/news/article/...r-12841314.php
Reply With Quote Quick reply to this message

 
Old 04-26-2018, 04:38 AM
 
Location: Near the Coast SWCT
64,991 posts, read 47,303,288 times
Reputation: 10512
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.
Reply With Quote Quick reply to this message
 
Old 04-26-2018, 07:48 AM
 
3,935 posts, read 3,846,520 times
Reputation: 2193
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.
Reply With Quote Quick reply to this message
 
Old 06-01-2018, 08:45 AM
 
Location: Connecticut
24,576 posts, read 40,130,038 times
Reputation: 6942
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
Reply With Quote Quick reply to this message
 
Old 09-30-2018, 07:40 PM
 
Location: Northeast states
10,329 posts, read 7,229,362 times
Reputation: 2704
Major blown to East Windsor casino

https://ctmirror.org/2018/09/30/d-c-...indsor-casino/
Reply With Quote Quick reply to this message
 
Old 10-01-2018, 07:53 AM
 
3,935 posts, read 3,846,520 times
Reputation: 2193
Quote:
Originally Posted by BPt111 View Post
The bottom line is CT cannot simply screwed up with the licensing.

They did the following

1) They allowed two tribes to have exclusive casino deals

2) They allowed a third casino to be opened with no competition and allowed the tribes to create that entity. That's called collusion. Imagine if the US military wanted a new type of Hummer and they have AM General and GM suddenly merging to create one bid. Yeah that doesn't work that way

3) They want to grant them jurisdiction off of tribal property which itself is pretty iffy and goes against the concept of a reservation as it would violate the full faith and credit clause of the constitution as well as the equal protection clause.

You have to have an open and fair bidding process to ensure that CT gets the best deal and not just modify a policy made in the early 1990's.

Having said this though they can still operate in other areas. If Mass opens up Region C that could get a whole other area open if they wish. The Wampanogs supposedly owe Genting 300 million. The other issue with them was actual federal recognition. Could they pay off their 300 million in exchange for being a private operator on their land. They still own at least 300 acres in Middleboro. Of course 300 million for land without anything on it would be a hard sell.

If Wynn either loses their license or is forced to sell that could be another opportunity. Why even bother trying to make another casino if you can buy one that's more than half made at half the price? I have a strong feel that Wynn's investigation is going bad and even with the name change MGC is going to have to have someone else take it. Leaving that building half built isn't a good option. Maybe a bid to take it over. The tribes argued about it before. Ok fine you want it, here you go, it's yours. It's the biggest construction site in all of new england at this point.

Last edited by mdovell; 10-01-2018 at 07:57 AM.. Reason: adding more
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Connecticut
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top