Mansfield, a director of corporate finance at Fitch Ratings, added, “The Northeast in general is a pretty saturated market at this point. I don’t know that they can afford to roll the dice on that and think the new casino can provide sufficient compensation for that loss,” she said.Ĭolin A. “The state is predicting deficits years into the future and is looking at fairly significant cuts. Meanwhile, it’s not clear how the state would plug the gap. public finance for Fitch Ratings, said if the state did allow MGM to build in Bridgeport, Foxwoods and Mohegan Sun payments could end immediately but it would be years before the new MGM Resorts casino could be built and begin operating.

That peaked at 7 million a decade ago and now is about 0 million in annual tax revenue. In exchange for exclusivity, the tribes contribute 25 percent of slot revenues to Connecticut. Officials said revenue generated from that facility would more than make up for revenue the state would lose from the Foxwoods Casino and the Mohegan Sun Casino, both in the southeastern part of the state. Last month, MGM Resorts International revealed plans for a 5 million waterfront casino at Steelpointe Harbor in Bridgeport, Connecticut.

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