ac new jersey foxwoods casino connecticut

The idea died quickly because it conflicted with the state’s deal with the Mashantucket Pequots, who run Foxwoods, and the Mohegan tribe, which runs Mohegan Sun.

Lawmakers in Connecticut know this well and last month floated a proposal to allow slot machines outside of the state’s two casinos. The state’s share of the casino slot revenues peaked in 2007 at $430 million, and it is expected to fall to $191 million by 2018, after MGM Resorts International opens a resort casino just north of the state line in Springfield and New York builds three casinos. “My vision, our vision, for this property is to continue to do things that, drive more people to the property … and then the second thing is you want to make the property stickier”- remaining longer to gamble, shop, eat, see shows, drink, stay in hotels. Speaking soon after he became CEO of Foxwoods Resort Casino last year, Felix Rappaport spoke of diversifying how Foxwoods makes money - conventions and entertainment, for example. The Manshantucket Pequots, who own and operate Foxwoods, are broadening the types of attractions at their casino by adding a 312,000-square-foot outlet mall with about 80 stores later this year. For example, they have invested in wood-pellet production and in franchise licenses for Arooga’s Grille House and Sports Bar and Jersey Mike’s Subs. The report concluded that the combined revenue and employment at Connecticut’s casinos has fallen nearly 40 percent since 2006.įacing stiffer competition, the Mohegans have been looking to diversify their revenue sources.

With new casinos planned also for New York, “it is possible that up to one-third of the Connecticut casino’s remaining customer base, including residents living in the Greater Hartford area could be lost to new competition - all things remaining the same,” the report said.įour in 10 of Foxwoods’ visitors are from Massachusetts or New York, while three in 10 at Mohegan Sun come from the two states. Several more casinos are opening up in New York state from the Catskills to the region near Albany. Wynn Resorts plans to open a casino in 2017 in Everett, Mass., outside Boston.

An $800 million MGM Springfield casino in downtown Springfield is expected to open in 2017 or 2018. And it won’t stop there, as the gambling landscape in the Northeast promises to get even more crowded.

Ac new jersey foxwoods casino connecticut