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New Casino Market Study Proposed for CT

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February 21, 2016

A new bill is about to be introduced that will call for an additional gaming market analysis to be completed that would show how a new casino would effect gaming taxes, employment, and revenue from the current casinos. The proposed bill is supported by Rep. Chris Perone.

There is currently a proposed casino project that is a joint venture between the Mohegan Sun and Mashantucket Pequot tribes. Together they have created the company MMCT. The desire for the third casino would be to prevent out of state competition from the new MGM Springfield. MMCT is looking at four different locations as the location for their casino.

In a previous study that was conducted, it was shown that Connecticut would lose $100 million in gaming taxes and 9,300 jobs to out of state casino competition. The study was funded by the two tribes.

The proposed bill that issues a new study to be conducted is so Perone does not have only the tribal funded study to consider. The new study would also consider a broader location for a new casino.

The end of 2018 is the expected opening for the MGM Springfield.

Part of the business plan for the MGM Springfield was attracting visitors from Connecticut. A third casino for the state would change that.

Return to Connecticut Casinos.

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