Since 2017, lawmakers and tribes have discussed opening a new casino in East Windsor, Connecticut. Unfortunately, several issues with East Windsor casino have begun to appear. This week, tribes in the state decided to lower investments into this new gambling venue.
It’s disappointing news for proponents of this new casino. Many are skeptical of how well it will perform in Connecticut’s market. Today, we’re going to look at what’s being planned, and why several tribes are starting to lower their funding for this new venue.
Let’s get into it!
Connecticut is Ready to Expand its Casino Market
Connecticut is thought of as a very liberal state when it comes to gambling. Here, just about all forms of gambling are perfectly legal. The first Class III casinos began operating here in the early 90s.
Today, there are two casinos in the state, both of which are operated by Native American tribes. These gambling venues are very popular and help to bring the state millions of dollars a year in revenue from taxes. The success of this industry has led to a push for more casinos in the state.
Recently, there’s been a major push to legalize sports betting in Connecticut, as well. As of now, 21 states have officially legalized this form of gambling. More are reviewing bills to regulate sports gambling.
Late last month, a bill was presented here to allow sports betting inside tribal casinos. Three Senate leaders have officially endorsed this bill. If approved, this bill also allows for a new casino to be constructed in Bridgeport.
State officials have not yet commented on this bill. It does seem likely that sports betting will be allowed here soon. For now, lawmakers seem focused on the new casino that’s being planned in East Windsor.
Issues With East Windsor Casino Lead to Investment Cuts
It hasn’t been easy getting a new casino built in this township. Initially, lawmakers raised their concerns due to the fact that East Windsor does not sit on sovereign land. Many felt that tribes have no legal right to operate a casino here.
Despite this, the tribes here have pushed to open this new gambling venue. The Mashantucket Pequot and Mohegan tribes continue to push for the casino. Unfortunately, new issues with East Windsor casino have begun to pop up.
The two tribes in the state recently announced they were lowering their investment into this property to just $200 million. Initially, the idea was to put at least $300 million into this new casino. Tribal leaders cite concerns over “saturation of the market” as the main reason for this investment cut.
There’s a lot happening in this state. Right now, state legislators are considering the new bill to allow additional casinos and sports betting. It’s still unclear whether or not this bill will be approved.
Connecticut’s tribes recently formed the MMCT Group. This is an investment group focused on building new casinos. As of now, the group is investing millions of dollars in several different venues.
Issues with East Windsor continue. It’s still unclear whether or not it will be constructed this year.
Governor Lamont Still Unsure About Expanded Gambling
Many states around the world are beginning to embrace the gambling industry. Many have already taken steps to regulate their online casino markets. Even some states with hardcore casino laws like North Carolina have chosen to legalize sports betting.
Governor Ned Lamont is still unsure about the state’s gambling industry. He clearly sees the potential for revenue increases. Unfortunately, he feels more research is done before the state can approve sports betting and new casino options.
More and more politicians in the state are beginning to get on board with the expanded gambling bill, though. It seems very likely that Lamont will eventually green light sports betting.
The state’s tribes have already invested millions into a new casino here. As more issues with East Windsor casino arise, however, these tribes are beginning to lower these investments.
Connecticut is in a strange place. We’ll need to wait and see how lawmakers decide to approach the new gaming laws over the next few months. Stay tuned for updates!