The Third Connecticut Casino Will Have To Wait A Bit Longer
It’s back to square one for Connecticut’s Mashantucket Pequot and Mohegan after a new proposal has filed in the State Capitol.
According to available information, the bill aims to open the state’s casino expansion to a competitive bidding process.
New Proposal To Introduce A Licensing Fee
The bill, whose appearance in front of Connecticut lawmakers is scheduled to take place on March 8, will also repeal Public Act 17-89 which gave the tribes the green light to start the building of a new casino located off the tribal land in East Windsor.
Representative Joe Verrengia, Co-chairman of the Public Safety Committee said the repeal of Public Act 17-89 was necessary because of a $50 million licensing fee required by the new bill.
According to the Hartford Courant, Verrengia stated a legitimate competitive process would have to be done without the East Windsor casino in play because the state was asking a $50 million licensing fee as part of the process.
What To Expect?
Under the provision of the latest proposal, a casino will be required to have a workforce of at least 2,000, while the winning bidder will have to remit a minimum of 25% of gross gaming revenues from all games, as well as 10% from slots to the state.
The new bill sets a deadline for bids – January 1, 2019.
On the other hand, another Public Safety Committee co-chairman, Senator Tim Larson, believes casino operator MGM Resorts is behind the new proposal since its the East Windsor facility would challenge its casino in Springfield. But such a stance was expected from Larson, who is a tribe supporter.
Commenting on the new bill, Larson said the had been and still remained extremely upset that this new idea was just a baked plan by MGM.