Report Suggests State Could Lose Big With Springfield Casino

HARTFORD, Conn. (AP) – The General Assembly’s fiscal office is predicting Connecticut could lose $68.3 million in revenue once MGM Resorts International’s planned casino opens in nearby Springfield, Massachusetts, in the fall of 2018.

The Office of Fiscal Analysis was asked to update lawmakers on the new casino’s potential impact on Connecticut’s revenues for fiscal year 2019.

Leaders of Connecticut’s two federally recognized tribes have warned that business at their two casinos in southeastern Connecticut will suffer once the MGM casino opens, and subsequently, slot-machine revenues to the state could decline.

They’ve formed a company that’s seeking sites for a proposed, jointly run border casino to compete with MGM. It still needs legislative approval.

A spokesman for the tribes on Tuesday said the state and tribes need to prevent “losses of this magnitude.”

(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

The Latest UConn News
CT Business Spotlight

Listen Live