MGM Resorts Fights To Compete For Third Connecticut CasinoCompany Wants 'Open And Fair Competition' |
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Even though it’s building a new casino in Springfield, Mass., MGM Resorts International is engaged in a fight to compete for Connecticut’s third casino, as two tribes operating their own casinos in the state have partnered to protect their revenues from MGM’s casino.
The Mashantucket Pequot and Mohegan tribes officially began looking for potential sites for a jointly-operated casino earlier this month. Gaming revenue at Connecticut’s two tribal casinos fell to under $2 billion in 2014. In 2006, gaming revenue was $3.2 billion.
According to Masslive.com, a lawsuit from the Las Vegas-based MGM says that Connecticut’s gaming act violates the law that mandates there be competition for the state’s third casino.
“MGM is the right party to fight the Act, and it will continue to aggressively assert its constitutional right to open and fair competition,” MGM Resorts International Vice President Alan Feldman said in a statement last week. The law in question was signed by the governor in June.
The report said that Connecticut has argued the tribes aren’t being favored and that there is nothing barring out-of-state companies from competing. The law actually requires another piece of legislation to award a third casino license, the state said.
MGM is in the middle of building a new casino in Maryland and is also lobbying for a casino in Atlanta. Additionally, it has a new project in Macau.
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