MGM casino Resort’s management is not happy after the announcement of the location of a new gaming complex to be built near the resort, which costs $950 million.
According to confirmed report, the location of the new casino is likely to be in the Windsor Locks or the East Windsor area in the northern side of Hartford.
The announcement was made on Friday by MMCT.
This latest revelation is likely to spur rivalry between MGM Resorts and the new gaming establishment as observers claims that MGM will lose customers that it has already garnered the shortest time it has been in operation thus making real money casino gambling sites a challenge.
When reacting to the news early Wednesday, Alan Feldman, who is MGM Resort’s executive vice president, demanded that MMCT reveal all economic analysis and criterion that led to MMCT decide that 20 miles from their Springfield project is the right location to set the new gaming facility’s site.
Mohegan tribal operators and the Mashantucket Pequots’ joint venture that is commonly referred to as MMCT is an operation that has been endorsed with the aim of suppressing what might be seen by many in the area as the effects of MGM Resorts particularly the Springfield project to the casino sector in Connecticut. See how Maryland Casinos Record $133.5 Million In Revenue Collection Thanks To MGM National Harbor.
On what was seen as a blow to MGM Resorts, on Friday, the MMCT’s duo venture announced that it had made its choice when it pointed out on three possible proposed locations for the establishment of the new casino.
The three potential areas that have been set aside for the establishnment of the project are: Hartford, South Windsor, and East Hartford. These locations are seen to be close to MGM’ s Springfield Project.
Their decision to establish a new casino on that proximity has already angered MGM who on a quick rejoinder have asked of a press statement to clarify how and why the native tribal venture decided on the locations.
“On the announcement, MMCT has shown that the something very important was looked at, the economic analysis. Officials from both the local and state levels need to understand how MMCT arrived at the economic analysis, which was the basis of their decision,” Feldman argued.
While defending his MGM, Feldman said that his side had conducted their own economic analysis but came up with a different location.
Their analysis concluded that the southwestern part of Connecticut casino is the ideal location for the new casino.
According to the vice president, setting the casino on the southwestern part of the state instead of where MMCT claim would actually result in more employment opportunities as well as increased revenue collection from casinos.
Under the current terms and license regulations, MGM is not allowed to operate a gaming resort within 50 miles from Springfield project something they have tried to challenge in court to no avail.
As things stand, MGM can only erect a casino within that proximity only if the current constitution is amended.