The heads of the Mashantucket Pequot and Mohigan tribes opposed a casino expansion bill that would allow non-tribal developers to submit proposals for new casinos. In a letter released Monday, tribal leaders warned that if the new bill is passed, it would violate exclusive contracts with the state and ultimately put current revenue distribution contracts at risk.
Connecticut receives 25% of slot machine revenue from two federally recognized Tribal casinos, Maesan Turket Pequot and Mohigan, under the terms of the Tribal Agreement. In return, the tribe has exclusive rights to run video slots and casino games. However, tribal leaders warned that this monopoly would be violated if the state legislature approves a proposal to expand the casino, known as No. 5305 (H5305).
In a letter to Governor Daniel P. Malloy, Rodney Butler of Mash & Tuckets and Kevin Brown of Mohigans express concerns related to HB3505, saying HB3505 violates agreements with the country. Under the new law, tribal or non-tribal casino operators can submit proposals for casinos somewhere in the state, as well as on reserve land. The Bill outlines the so-called requests that can be opened for exclusive procedures developed to link commercial gambling houses.
This will no longer oblige tribes to share 25% of the slot machine revenue from their casinos with the state. These are the Foxwood Resort Casino, run by the Maasantucket Pequot Tribal State in the Maasantucket Pequot Indian Reservation, and the Mohigan Line, owned by the Mohigan Tribal Gaming Authority. Official data showed the two tribes paid nearly $27 million to the state to share last year’s financial income.
Lawmakers passed a bill that would allow Mashantuckets and Mohegans to jointly develop commercial casinos in East Windsor. The purpose of the bill was essential to the state and the two tribes, as it was intended to reduce the expected competition by the upcoming integrated casino resort MGM Springfield, which is currently under construction in Massachusetts. The $950 million resort, scheduled to open , is 26 miles from Hardford, just minutes from the border with Connecticut.
Meanwhile, two federally recognized tribes in Connecticut have published a study showing that existing casinos will lose customers due to competition with MGM Springfield. Tribes fear this will result in huge revenue losses and ultimately the closure of tribal casinos. However, since there is a third casino in East Windsor, we hope that MGM Resorts International Real Estate will not have such a devastating impact on their facilities. Although it still shows the project, although the federal government has recently demolished the co-op theaters.
However, the project has been strongly opposed by MGM, which proposed a third casino in Connecticut. The Las Vegas giant announced plans to enter the market in Connecticut with a $675 million casino resort in Bridgeport. The company is fiercely lobbying for the casino expansion legislature, saying the state should provide a fair bidding process and not discriminate against commercial casino developers in favor of tribal operators.
Connecticut is currently struggling to find a solution. MGM has a stronger influence within the legislature and within the community. We see the MGM project as a source of new jobs, revenue, and economic development. Tribes, on the other hand, warn lawmakers may have to stop paying to the state if they approve the casino expansion bill. 온라인카지노