Third Casino
Connecticut lawmakers and the state’s two tribes agreed to terms of legislation that would bring a third casino to the state, along with legal sports betting through run by the two tribes.
Currently, the only two casinos are located in the southeastern region of the state, near the Rhode Island border. The proposed third casino would be located in Bridgeport, about 90 minutes south and much closer to New York.
- Jan 30, 2020, 6:51am EST As it weighs a potential relaunch of the process to license a third resort casino, the state's Gaming Commission wants to hear what residents think, and what it should take.
- Apr 16, 2019 — A casino company announced Tuesday that it's closing a gambling hall in Mississippi's Tunica County, the third casino to close in the area since 2014 in the face of increasing competition.
The Mohegan and Mashantucket Pequot tribes, owners of Mohegan Sun and Foxwoods, would become partners for the Bridgeport casino. Earlier this year, there were reports of the two tribes partnering on a casino in the Hartford area. Since that report, the plans have shifted to a different location.
Gov. Ned Lamont was not involved in the legislation and it isn’t a lock that he supports the legislation, according to the Hartford Courant. Lamont received the legislation last week and wants to be involved in the process.
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“A matter of such significance requires substantial involvement from multiple stakeholders, in particular, the executive branch,” Lamont told the Courant.
Sen. Cathy Osten, a Democrat, has requested a special legislative session for later in the year to work on the legislation. Other Democrats are mulling over the idea of a special session and said that they will consult Lamont before making a final decision.
Connecticut lawmakers approved a third Indian casino Wednesday to fend off new competition in Massachusetts from MGM Resorts International. The legislation allows the two Connecticut tribes who. This will be the third Agua Caliente Casino in the area and is scheduled to open later this year. The 30,000 square foot casino, which will employee approximately 500 people, will have 3 bars, 536. Dec 23, 2019 The major reason the region doesn’t already have a casino is the legal travails of the Mashpee Wampanoag tribe, which the Legislature originally expected would own the third casino.
Along with a third casino, the proposed legislation would expand gaming in the state.
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According to the Courant, ‘Tribes also would conduct sports betting at the casinos, via mobile apps and internet gambling.’ The state lottery would be allowed to sell tickets online and offer iKeno through their website.
Third Casino In Ct
Sports betting would be taxed at 8 percent and internet gambling would have a 10 percent tax-rate.
The tribes would be on the hook for the entire financial burden of the new casino. It forces the tribes to spend at least $100 million on the Bridgeport project in hopes that it would spark other businesses to sprout in the city and bring the total project to around $300 million in new investments.
There is a possibility that MGM, which was looking at Bridgeport as a possible site for a future casino, would take litigious action to stop the casino from breaking ground.
“They have sued many people,” said Osten when asked about the possible lawsuit. “That’s what they’ve done in the state of Connecticut, to stymie growth in business.”
If a court overturns the law, the bill would be revoked.