Connecticut Governor approves third casino
Governor Dannel Malloy has signed the act authorising a third tribal casino to be built in non-tribal land in Connecticut.
US.- After months of battling with MGM, the Mohegan and Mashantucket Pequot Tribes (MMCT) have been authorised to build a third casino in Connecticut. Governor Dannel Malloy signed Public Act 17-89 and and finally approved the construction of the first venue to operate in non-tribal land in the state.
The gambling facility will be built in East Windsor and had already been approved by both chambers of the Connecticut General Assembly. Both the House of Representatives and the Senate had favoured the tribal-casino bill over another that would’ve authorised MGM to build its own venue.
The now signed legislation will have MMCT to pay US$1 million as initial payment and 25 percent of the gross gaming revenue from the casino’s video facsimile games and another 25 percent of GGR from all other games, CalvinAyre reported. The joint venture will also afford all costs of regulatory oversight for the Connecticut Department of Consumer Protection, which will oversee, license and regulate the development and any other casino project in the future.
The tribes will transform a former movie theater complex in East Windsor into a US$300 million casino in order to compete with the MGM Springfield venue that will be open in Massachusetts in 2018.
