East Windsor is Chosen By MMCT for CT Casino

In keeping with today’s post, NETG correspondent Bert reported breaking news after noon time concerning the MMCT, the joint venture between the Mashantucket Pequots and Mohegan tribes. The tribes announced that they have chosen the vacant Showcase Cinemas lot in East Windsor as the location for Connecticut’s third casino.

Cinema in East Windsor for proposed casino.

Cinema in East Windsor for proposed casino.

Right off Route I-91 and only a few minutes from the Massachusetts line, East Windsor was chosen over the Windsor Locks location closer to Bradley International Airport.

The proposal includes:

  • space as large as 300,000 square feet (Twin River Casino is about 300,000 sq. ft.)
  • and with 2,000 slot machines (1.5 more slots than Plainridge Park)
  • and 150 game tables (less than half of the amount in either Foxwoods & Mohegan Sun).
  • A 2,500-space parking garage would be relocated just to the east of the abandoned Showcase building, in addition to a 1,200-space garage nearby.

Last September, the Mashantucket Pequots and Mohegans — the tribal operators of the state’s two casinos forming MMCT — reopened the search for proposals for a Hartford-area gambling attraction to compete with a $950 million casino and entertainment complex under construction in nearby Springfield.  Jobs and state revenue were said to be the two most important factors in adding a third casino, combating expected losses to MGM Springfield which is well on their way to completing their “urban casino.”

More on this in the coming week.

Binbin

MGM Casino Study of Fairfield County Raises More Questions Than Answers

Welcome To Fairfield

Welcome To Fairfield

Someone over at MGM is really doing their homework.

What seemed at first to be another distraction to the CT legislature and MMCT’s (the Foxwoods/Mohegan Sun joint venture) third casino in the Hartford, may actually be something to pursue.

MGM Resorts Logo

MGM Resorts

Recently, a study commissioned by MGM has concluded that a third Connecticut casino would be better suited for the I-95 corridor in Fairfield County, not the I-91 corridor in Hartford County that’s closer to the MGM Springfield casino site. Connor Berry of the Republic reported Oxford Economics, an independent global advisory firm, stated in the report that “Locating a casino in southwest Connecticut would generate far greater economic benefits than locating one in north central Connecticut because southwest Connecticut offers a much deeper market.”

NETime Gambling notes two big reasons for validating this study:

  • The New York City Market (including the northern New Jersey proposals) is still a large market waiting to be tapped.  Even with the additions of Resorts World and Empire City, NYC shows a longing for the “Vegas Experience” with the attendance and popularity of these casinos and also area racetracks..  It could also hinder New York Gambling traffic to Mohegan Sun & Foxwoods.  Touche’!
  • General Electric Co. announced that it will be moving its headquarters from Fairfield, Conn., to Boston, starting this summer, making “Beantown” the hometown of one of the world’s largest companies.
On the I-95 NY/CT border.  Should it "Fairfield County, Home of CT's Newest Casino?"

On the I-95 NY/CT border. Should it “Fairfield County, Home of CT’s Newest Casino?”

GE Headquarters in CT

GE Headquarters in CT

What will CT and towns surrounding Fairfield lose?

  1. Housing market has already seen some softening in recent months.
  2. The region will lose the millions of dollars in taxable income earned by those seasoned, experienced workers.
  3. Human resources services to small businesses in Fairfield County associated with GE will lose $14 billion a year to Connecticut suppliers.
  4. Community involvement. Last year GE gave some $10 million in charitable contributions in Connecticut, and its workers — who sit on hundreds of boards throughout the state — gave 49,000 volunteer hours.
  5. Jobs. GE employs 800 workers at its headquarters and about 5,000 elsewhere in Connecticut.

So, the MGM proposal for a casino in Fairfield might help fill that void and hurt the CT casinos concerning out-of-state patrons from New York.

Jim Murren and MGM Resorts

Jim Murren & MGM Resorts

This Study actually proposes more questions than answers:

  • Will MGM law suit again CT concerning fair trade have legs enough to open the door to independent gaming outside of the tribal casinos?
  • Will CT & MMCT look at adding a 4th casino proposal in Fairfield?
  • Is MGM interested in both Hartford area & Springfield area Casinos in CT?
  • Could CT handle two casinos, never mind one – no matter who is running them?
  • If MGM’s law suit succeeds, could we see Caesar’s, Sands, Penn National, and other industry companies vie for either Hartford or Fairfield sites? (Remember, Bridgeport was once considered for a casino by The Schaghticoke Tribal Nation of CT)

The next move – like a well-thought-out chess match – is now in the hands of CT. Preparations for the MGM law suit are monumental.  If the law suit fails, Connecticut is back at square one for it’s third casino.  Otherwise, who knows what could break loose!

Binbin

Interim Airport Casino Shows CT Desperation

southern New England

Location, Location, Location

MGM Springfield has broken ground.  The process to turn 16 acres of the North End of Springfield into a multi-use plan that includes an exciting and lively residential, retail, dining, and entertainment district.

Demolition of Zanetti School is a sign of MGM Springfield Start.

Demolition of Zanetti School is a sign of MGM Springfield Start.

Connecticut’s response has been to introduce a third casino near the northern border to save jobs and revenue from escaping to Springfield. It will be a daunting task to compete with MGM.

For more info, try reading these previous posts:

Casino at Bradley Airport is Absurd

Connecticut Casino Plans Taking Shape

The Sheraton at Bradley International Airport

The Sheraton at Bradley International Airport

Now, the latest is that Kevin Dillon, the executive director of the Connecticut Airport Authority, said Wednesday that space at the Sheraton Hartford Hotel at the airport could be turned into an “interim casino” while a permanent gaming venue is built at Bradley.  Interim casino means an urgent concern.

While the third casino, a joint venture between the two Connecticut tribes that own the two Mega-Casino complexes in the South-Eastern portion of the state, seems to raise the ante of competition, a quick-fix is not the solution.  Windsor Locks and three other municipalities — East Windsor, East Hartford and Hartford — have proposed locations for a satellite casino that would be jointly run by Foxwoods and Mohegan Sun.

But I’ve said once and I’ll say it again.  A casino at Bradley International Airport is not the place for the third casino.  Why?  I’ll tell you why: Continue reading

MGM Springfield – Random Thoughts

MGM Springfield Casino Entrance

MGM Springfield Casino Entrance

I want MGM Springfield to succeed.

There, I said it.

I want it to bring revenue for an economically needy city, I want it to be beautiful and to enhance the rundown parts of Springfield.

thI want it to be another casino jewel in New England to solidify southern New England as a gambling/tourist destination.  MGM, Wynn, Foxwoods, Mohegan Sun, Twin River – all large casinos with amenities to provide for vacations & stay-cations alike.

But I still have doubts to accompany the excitement of a top-class resort venue and their journey to 2018.  So here are random thoughts about the MGM Springfield project and related issues:

The original plan video can be seen here. The original plans were impressive, but now take away the tower, lower the parking garage by two floors, and move the apartments in the opening of the video further away from the casino.  Inside, MGM Springfield looks similar to Red Rock Casino in Las Vegas (Sumerlain), with restaurants outlying the casino, and the essential “Center Bar” made so by the Hard Rock Hotel & Casino in Las Vegas long ago.  It has modern looks like MGM’s latest “Aria,” but much brighter.

VIDEO CLIP – MGM Springfield President Michael Mathis explains changes.

No free alcohol on the Casino Floor -Plainridge Park Slot Parlor

No free alcohol on the Casino Floor -Plainridge Park Slot Parlor

Will MGM & Wynn be powerful enough to influence a repeal to the “NO Happy Hour” Law in Massachusetts?  Imagine no alcohol freebies on a casino floor owned by MGM & Wynn – blasphemy!

MGM Atlanta

MGM Atlanta

MGM is a giant in the gambling industry and shouldn’t have any trouble separating their concerns in Macau & Las Vegas.  But their project in Atlanta, the first casino in Georgia, might be more of an interest than Springfield.  Massachusetts hasn’t been the most welcome state in the country concerning Wynn & MGM’s interests.

MLife Rewards Club of MGM

MLife Rewards Club of MGM

I’m encouraged about then East-West connection the rewards club, MLife, will provide.  Earning points in Springfield that can be used in Las Vegas & Biloxi (MGM owns Beau Rivage Resort Casino there) is exciting!  Let’s face it, MGM does own some incredible properties.  Imagine earning connections to stay at Bellagio in Las Vegas!

MGM dismisses everyone else in New England (except Wynn) as no competition. Eliminating the hotel tower is disappointing.  Yet, their “hotel on its side” plan idea is supposed to be the thing that distinguishes them from the Foxwoods & Mohegan Suns of the world.  Sorry MGM, we know you are big stuff in the gaming industry, but rationalizing a downgraded hotel as game changing in the casino industry is just insulting.  New Englanders just aren’t that naive and stupid.

MGM Springfield

New rendering of MGM Springfield’s, minus the Hotel Tower

Speaking of the comparison to Connecticut’s casinos, if the Nutmeg State’s casinos (including a third in the Hartford area) are not a threat to MGM Springfield, why the law suit, why the comparisons to CT instead of watching out west to New York State, and why say you want a casino in CT (Bridgeport) only to have pulled out of Foxwoods?  Hypocrisy I say.

Changes in design plans DO happen all the time, and rising costs are sighted as the reasons for these changes – whether it’s a Mall, housing project, or a casino.  I’m more concerned with what MGM is going to bring to gamblers.  So, MGM, I ask you – what advantage do I have spreading my money in Springfield compared to other New England options?

Poor VP Pay outs in many MGM properties. Jacks or better at 7/5.

Poor VP Pay outs in many MGM properties. Jacks or better at 7/5.

Will MGM have the same poor to mediocre Video Poker paytables that are in all their other properties?  The exception is Borgata in Atlantic City which they share with Boyd Gaming. You’re going to have to make your gambling options better if you seriously want to compete with CT & RI.

images (3)I wonder what plans MGM Springfield has concerning smoking.  The options provided for smokers at Plainridge Park seem almost punitive.  Massachusetts Casino Law has the entire casino as non-smoking.

I have so many other thoughts, questions and requests concerning MGM Springfield, but they will just have to wait.

My brain hurts, time for a break.

Tomorrow its a look at Thanksgiving dining promotion at New England’s casinos.

Binbin

 

 

 

Connecticut Casino Proposals Running out of Time

Kevin Brown, left, Chairman of the Mohegan Tribal Council and Rodney Butler, right, chairman of the Mashantucket Pequot Tribal Council,

Kevin Brown, left, Chairman of the Mohegan Tribal Council and Rodney Butler, right, chairman of the Mashantucket Pequot Tribal Council,

According to the Kenneth Gosselin of the Hartford Courant, the tribes that operate the Mohegan Sun and Foxwoods casinos are seeking to jointly open and operate a gaming venue in the capital region to blunt competition from a megacasino now under construction in nearby Springfield. But to be honest, MGM continues to tweak it’s “megacasino” in a way more like downsizing the project due to the threat of Connecticut’s third casino. Click here for

Foxwoods/ Mohegan Sun Joint Casino, East Hartford, CT

Artist Rendering of renovated Cinemas building for New Mohegan Sun/Foxwoods Casino

For the past month, the Mohegans and Mashantucket Pequots have sought proposals from towns and cities.  The tribes said late last week that they don’t intend to announce the names of the municipalities submitting proposals when the deadline passes Friday at 4 p.m. But at least East Hartford and East Windsor appear locked in.

Bradley International Airport sign

Bradley International Airport & Casino not in the cards.

Previous considerations for Windsor Locks at Bradley International Airport and the Enfield Mall were voted down by town officials and residents.

The Mashantucket Pequots and Mohegans envision a casino with 2,000 slot machines and 100 to 150 tables, with an estimated development cost of $200 million to $300 million. The size of the casino and other amenities would range from 150,000 to 350,000 square feet, with the latter half the size of MGM Springfield.

Cinema in East Windsor for proposed casino.

Cinema in East Windsor for proposed casino.

East Windsor is the new entrant into the Satellite Sweepstakes. Denise Menard, East Windsor’s first selectman, said the town will propose a casino at another shuttered Showcase Cinema visible from I-91, about 8 miles from the East Hartford theater and a 12-minute drive away, and an adjoining property where there was once a Wal-Mart.

Both East Hartford and East Windsor have access to main interstate I-91, with East Hartford also having I-84 crossing in front of it.

The deadline passes after Friday, 4:00pm.

A few other posts along the MGM lines included:

Massachusetts More Worried, Not Mohegan Sun,  About New England’s Casino Share

Can Jim Murren; MGM Resorts Be Trusted in Springfield?

Binbin

Connecticut Officials Given Extended Time to MGM Legal Suit

Connecticut Governor Dan Malloy

Connecticut Governor Dan Malloy

Gov. Dannel Malloy, Secretary of State Denise Merrill and Commissioner of the Connecticut Department of Consumer Protection Jonathan Harris will have until Oct. 1 to prepare for the legal suit by MGM Resorts International over the state’s plan to build a new tribal gaming facility.  MGM’s filed a lawsuit on August 11  that accused the state of unconstitutionally favoring Connecticut Indian tribes in its newly-passed gaming bill. The original deadline was Sept. 1.

imagesConnecticut Federal District Court Judge Alvin Thompson explained that “…due to the nature of Plaintiff’s claims and the press of other business in both the state and federal courts, the undersigned requires additional time to prepare an appropriate response.”  MGM did not oppose the extension, the motion said, and the Connecticut officials were granted the extension.  I actually they would have hoped for a further deadline to bide more time since their property is now scheduled for late 2018!

The amendment to the Connecticut law allows the Mohegan & Pequot tribes currently operating their own casinos under federal Indian gaming law to issue a request for proposals for a new casino. Any municipality in the state could respond and negotiate a development deal with the tribes. MGM calls this unconstitutional, saying “…by authorizing the new casino on state rather than tribal land, the restriction is illegal race-based discrimination and unfairly prevents out-of-state companies from seeking the new license.”

One possible property available now is the closed Showcase Cinemas in East Hartford off of I-84

One possible property available now is the closed Showcase Cinemas in East Hartford off of I-84

The law is specific in who is eligible to build the new casino: a business entity “owned exclusively by both the Mashantucket Pequot Tribe and the Mohegan Tribe of Indians of Connecticut.”  It’s intentions is to keep jobs and gambling revenue in the state.

MGM’s intentions could be many:

  1. To get a chance for a casino in Connecticut, even though they pulled out the partnership with Foxwoods a few years ago.
  2. To waste Connecticut’s time in litigation so that the Satellite casino run by both tribes can’t get a running start at controlling the I-91 corridor minutes from Springfield.
  3. To slow a reaction by CT to the impending threat of Massachusetts gaming which through naivete or arrogance, MGM disregarded as a consideration.

October 1st – more fireworks to come!

That’s all for now.

Binbin

Massachusetts Casino Projects in Turmoil? A NETG Timeline

cropped-netime-logo-21.jpg

Eight casinos inside this radius by 2017 - not including Maine and NY Expansion!

Eight casinos inside this radius by 2018 – not including Maine and NY Expansion!

Wow, has the Bay State’s Casino Expansion News been busy these past two weeks.  Just when a topic comes up and I start to post about, it gets put on the back burner because something else comes up.  It reminds me what the suits told me at Plainridge Park – “Massachusetts is a different place…”

If after reading this “Timeline of Turmoil” you have any questions or comments, feel free send me an email at aubin330rta@gmail.com, leave a comment on our website at NE Timegambling.com, or find our beginning Facebook community and join us to add to the discussions.

Waste Site for the expected Wynn Casino

Waste Site for the expected Wynn Casino

July 7th –  of the Associated Press reported  that a group of Massachusetts residents opposed to casinos are challenging the sale of state property to Wynn Resorts, saying the MBTA  failed to comply with the state’s public bidding law when it proposed selling some $6 million worth of land to Wynn for its $1.7 billion casino project on the Everett waterfront. But the lawsuit suggests officials representing the MBTA, Wynn and the city of Everett were in discussions to convey the property without a public bid as early as 2013.

wampanoag-community-center-700x357

Tribal leaders want to turn the long dormant Wampanoag community center into a bingo hall.

Steve Wynn - Annoyed in Everett?

Steve Wynn – Annoyed in Everett?

July 7th – Peter Howe of NECN reported “Legal skirmishing around Las Vegas impresario Steve Wynn’s $1.6 billion casino plan for Everett cranked up” another notch. Boston Mayor Martin J. Walsh said he has no intention of backing off a 158-page multi-count lawsuit Boston has filed contending the Wynn casino process was shot through with favoritism and shenanigans.

July 13th – NECN reports that the city of Boston says “interviews conducted by state investigators show Wynn Resorts was aware a convicted felon had a stake in land it eyed for a casino.” The city is suing the Massachusetts Gaming Commission to have Wynn’s gambling license revoked. It says commission investigators interviewed at least five witnesses who testified Wynn’s representatives were informed of or actively discussed Charles Lightbody’s ownership stake in the Everett waterfront land before securing an option on it.

View of the Sullivan Square Rotary.  (photo by Stuart Cahill)

View of the Sullivan Square Rotary. (photo by Stuart Cahill)

July 13th – Sean P. Murphy of the Boston Globe reports state Attorney General Maura Healey said that “The state should delay its consideration of a crucial environmental permit needed for the construction of a $1.7 billion casino in Everett until an independent traffic study is completed.”  The casino would be built less than a mile from Charlestown’s Sullivan Square, a crossroads of several major roadways in the shadow of a hulking, elevated section of Interstate 93, from which still more traffic pours into the often-congested square. “For this project, that approach is insufficient,” Healey wrote. “We believe it is critical that MassDOT and the Commonwealth benefit from an independent analysis of the traffic impact, paid for by Wynn, before considering” any plans to mitigate traffic impacts.

th

Twin River Casino, RI

Larger than most people realize - two large casino floors

Larger than most people realize – two large casino floors

Plainridge Park Casino

Plainridge Park Casino

July 17th – Casino News Daily reported that in its newest court filings, the city of Boston claims that Wynn Resorts

Will this be New England's Aria?

Wynn Everett

representatives were well-aware that a convicted felon would benefit from his stake in the land where the Las Vegas-based gambling operator is to build its Everett casino. At least five people revealed in interviews with commission investigators that representatives for the casino giant were informed about Charles Lightbody holding a majority stake in the land prior to signing a deal for the 30-acre site where the Everett gaming facility is to be built. Under the state law, criminals are not allowed to profit from casinos. Boston said that the latest findings are crucial to its case, as they indicate that the state Gaming Commission had neglected important issues while considering Wynn Resorts’ application.

CT Casino Bill Changes Bring More Questions than Answers

image(20)MoSun SignThe bill to expand casino gaming in CT due to the posed threats by future Massachusetts casinos continues to go through changes.  Now, a two-step process for possibly opening a new tribal casino in Connecticut faces a vote in the state House of Representatives.

Step 1 – the tribes would issue a request for proposals to municipalities interested in hosting one satellite casino, most likely in northern Connecticut along the Interstate 1 corridor to help combat the planned MGM Resort casino in nearby Springfield, Massachusetts.

Step 2 – Any development agreement reached between the tribes and the community, following various local approvals, would have to be reviewed by the Attorney General and governor’s office. Ultimately, a new casino could not operate until the General Assembly amends state law to allow casino gambling.

The existing two tribal casinos are located on sovereign tribal land. A casino outside of tribal land brings many other considerations into question.

Patty McQueen, a spokeswoman for the two tribes, said both respect everyone’s position on the legislation, but stressed that the bill is about allowing the Mohegan and Mashantucket Pequot tribes to retain jobs and revenue in Connecticut.

images

But I have other questions, outside the box if you will – both from the large picture state approach and from the individual gambler’s approach.

1)  Will this allow more gambling, privatized from the gambling industry?  Could Caesars Entertainment (who have teamed up with tribes in North Carolina & California), add  another to support Indian Tribes like the Shaticokes or Eastern Pequots for example?  Remember, the BIA (Bureau of Indian Affairs) is looking into easing the process of federally recognition.  Interesting that the biggest opposition to to this is Dam Malloy and the State of CT.

2)  The anti-gambling community always has a great interest in saving CT citizens from gambling addiction – certainly a valid concern.  But won’t those who are enticed by additional a casino only 20 to 40 minutes away in Massachusetts.  MGM Springfield is definitely closer and easier to get to than CT’s tribal casinos in southeastern CT. Does a half hour make a difference?

3)  What are all these jobs CT will be losing if they don’t build another casino?  Vendors, suppliers, casino staff?  I would like to know about the specifics Connecticut is expected to lose that one casino will save.

4)  How will the two tribes play this out?  Obviously, some prefer Foxwoods, some prefer the Sun.  How will comp points be affected?  This may seem like a little consideration, but the place they spend their money it is as important to many gamblers as which part of CT are Red Sox or Yankees fans.

5)  I know this is far down the line, and could be a moot point, but…….will it have a hotel? How will it compete with MGM for the recreational gambler and the advantage gambler’s attention.  Night clubs?  Restaurants?  So much that should be considered NOW if it is given a green light now so the end result is a not half-thought-out version for the State of CT anti gaming groups to say “I told you so.”

So little time, yet so much at stake on both sides.  And still, so many questions……

That;’s all for now.

Binbin

 

CT ” Satellite” Casino – East Hartford as Good as Any Place

 

The Old Showcase Cinemas, East Hartford, CT

The Old Showcase Cinemas, East Hartford, CT

I drove by it in East Hartford during my college days, right off of I-84, a couple miles away from I-91 – “SHOWCASE CINEMAS.” Built in the early 70’s with 4 screens, the theater was expanded and renovated through the years to a 14 screen multiplex of Hollywood’s finest and, well, not so finest movies.  At the time, it was huge – at a time when people could afford to go to the movies, and Netflix was just beginning it’s rental-DVD-by-mail thing, competing with Blockbuster Rentals and all the new Movie Multiplex theaters for the film-buff’s money.

Well, it has been dormant for almost ten years.  But it may be resurrected to battle again, only this time for the public’s gambling bucks. Developers are proposing to convert the former Showcase Cinemas complex into a casino.  Right now, the state is weighing whether to allow Connecticut’s two Native American tribes to open three additional casinos to help fight off the financial threat from Massachusetts, where a casino is under construction in Springfield.

According to Matt Austin of NBC CT, the casino would cost $140 million and include 1,000 gaming machines, along with several restaurants and bars, and would create about 240 jobs with a payroll of about $10 million.

Austin reports Tony Ravosa Jr., president of the Vince Group, which has put in a bid to develop the casino, saying “There’s an opportunity here in terms of speed to market, moving this project along very quickly. I think it’s important for Connecticut to get up and running fast. We certainly have the place, location to do that.”

Traffic? – not a problem.  Silver Lane in East Hartford would love the traffic after long out-living it’s place for commerce years ago.  As an economic boost, this might have the same positive effect as MGM Springfield is expected to have.  Interesting they may be battling for the same patrons.

Discussions continue in CT between the tribes, the legislature and possible host towns for these “Satellite Casinos.”

That’s all for now.

Binbin

Casino Economics Turns into Casino War in New England

th
Face-off at the N E Corral

Ok, I get it – when money is involved, friends turn into enemies – especially in the casino industry. The battle cry in New England seems to be “don’t shoot until you see the green in their wallets – going over the border!”  You’d think it was the beginning of WWIII – casino revenue is that important in the northeast.  As a review, recent developments include:

CONNECTICUT

  • Leading lawmakers propose up to three new casinos in the home state of Mohegan Sun and Foxwoods. One of the casinos could be run jointly by the two tribes.
  • Foxwoods is also slated to open a lot of retail with its Tanger Outlets shopping complex
  • Mohegan Sun announced plans for a second, 400-room hotel to open by 2016.

New HampshireNEW HAMPSHIRE (Yes, New Hampshire…..again?)

Lawmakers are again considering allowing two casinos in the state because propsed Massachusetts casinos take a bite out of the state’s vital hospitality and tourism industries.

maine mapMAINE

Still calling for more casinos? A recent report suggests there are still opportunities in the state’s northern and southern extremities, even though Hollywood’s 24-hour experiment failed and caused the property to resume its old hours of operation.

MGCMASSACHUSETTS (the big meany?)

  • MGM Resorts International is slated to break ground on an $800 million resort in Springfield
  • Penn National Gaming is set to open the Plainridge Park Casino, a 1,250-machine slot parlor at the harness racing track in Plainville, this June.
  • Wynn Resorts has set its sights on a 2017 opening for its $1.7 billion casino for the Boston area.
  • The Southeast license is still being sought – third Las Vegas-style casino in the state
  • The Mashpee Wampanoag tribe also hopes to build their own resort casino in the region.

RIRHODE ISLAND – Twin River Casino is purchasing the Newport Grand slot parlor, and building  a 150- to 250-room hotel.

VERMONT (Are you serious?) Yes – A Republican lawmaker has filed his near-perennial proposal to open a single casino in the Green Mountain State

And, if those stories aren’t telling, check out the tone of these latest headlines from all over New England:  (sorry for my sarcastic critiquing in italic = can’t help myself)

Growing competition, economy cost CT casinos $1.2B (this is still news?)

image(18)Twin River’s expansion puts pressure on Conn. casinos (as well as Plainridge Park)

Smoking seen as competitive edge for R.I. casinos  (Wow, smoking seen as a plus – what’s next as a game-changer?)

mohegansunearthhotelMOHEGAN SUN IS EXPANDING, UNVEILS PLANS FOR A SECOND HOTEL Over 1,000 permanent and construction jobs to be added or retained (that’s a good thing, right – yet people can’t understand how it helps?)

Foxwoods, Mohegan Sun Face Tough Future (Really?)

NE states face off in race for casino cash (What do the brackets look like?)

Connecticut Tribes Propose Casino Partnership to Battle Competition (Once at odds, now working together on the odds)

thSchaghticoke Tribe Mulls Gambling Hall in Kent, CT (the CT pie gets smaller)

Connecticut Public Skeptical of More Casinos (Mr. Steele, any comment?)

thMassachusetts key driver in New England ‘Cold War’ over casino dollars (I hope the Mass driving is better for the region than what I see on I-95)

Connecticut tribe wants casino near NY border (and maybe an iron curtain with only one toll booth)

That’s all for now.

Binbin

Connecticut Casino Expansion – Part One, an Introduction

 

Foxwoods Resort Casino

Foxwoods Resort Casino

WOW, What a week in CT gaming!  MGM and WYNN’s inevitable existence has caused all sorts of concern in the Nutmeg state about lost gambling revenue.

Listen, nothing stays the same – life is constantly evolving.  It’s naive to think that the comfy revenue CT had ten years ago to add to their coffers would continue without any change.  If you followed any type of news source over the past ten years, you would have been aware of three things:

1)  More states in the U.S continue to depend in casino revenue to help themselves financially than ever before. Gaming properties in the United States include over 1500 casinos, horse tracks, dog tracks, resorts, and cruise ships.  40 states now have some form of legalized electronic gaming device—including traditional slot machines, video poker and bingo—at Indian casinos, commercial casinos, racetrack casinos, and/or bars, restaurants or other licensed establishments

2) With increased casinos comes increased competition, increased saturation in some areas, and the need to re-invent the casino product – any person, state, legislature, community, gaming company, or gambling entity of any kind not reacting to these rapid changes in the last decade will certainly and inevitably perish.

3) Americans love to gamble.  Humans love to take chances.  And state politicians want to take advantage of the “Gambling Craze” with quick easy fixes like casino gambling to take the place of finding creative ways to take care of its residents financially.

So, this post is merely to “tickle” your interests with the latest 3rd CT Casino hysteria.  I hope to point out the FACTS as they stand in CONNECTICUT at this time, the MYTHS about the GAMING INDUSTRY as it pertains nationally and to the northeast, and ending with my OPINIONS and PREDICTIONS concerning the future of casino gaming in New England, and maybe elsewhere – New York, Atlantic City and Pennsylvania.

But first, I’d like you to take a quiz – a casino industry quiz.  Let’s see what your GIIQ is (your Gambling Industry Intelligence Quotient).

1) What state has the 2nd most casinos?   a) Washington  b) California  c)  Montana d) Oklahoma

2) How many states don’t have lotteries?  a) 3  b) 5  c) 7  d) 12  e) none – everyone has at least state-run lotteries

3) Which state does not have a lottery? (well, that should help you wit the previous question!)  a) Alaska  b) Mississippi  c) Nevada 4) Wyoming  5) All of the above

4) Which state has the most Native American Casinos?  a) Connecticut  b) Washington  c) California d) Oklahoma

5) Which casino in the United States is the largest?  a) Foxwoods, CT  b) WinStar World Casino, OK  3) MGM Grand, Las Vegas 4) Caesars Palace, Las Vegas 5) Borgata, Atlantic City

 

The answers will be in Tuesday’s post!  Tuesday will also be Part 2 of Connecticut’s Casino Expansion and will include the facts in the recent week’s expansion proposal.

That’s all for now!

Binbin