The Mashantucket Pequot Tribal Nation and the Mohegan Tribe are promising to share even more gaming revenues with the state of Connecticut. The tribes already share 25 percent of slot machine revenues in exchange for exclusivity on the devices. Now they are offering to do the same, plus share 25 percent from table games, at a new jointly operated casino, The Hartford Courant reported. "Let us be clear — With the development of a third casino jointly operated by Mohegan and Pequot, we are committed to guaranteeing our existing slot revenue arrangement with the state and are proposing compact amendments that will ensure those revenue streams are preserved," Mohegan Chairman Kevin Brown and Mashantucket Chairman Rodney Butler wrote in a letter to state officials, the paper reported.
According to the paper, the tribes plan to solidify their promise by including it in their existing Class III gaming agreements. The changes will need to be submitted to the Bureau of Indian Affairs for approval. The tribes want to open a new casino in East Windsor in order to address growing competition in the region. A $950 million commercial casino is going up right across the border in Massachusetts. Read More on the Story:
Tribes Sweeten Offer To State In Casino Expansion Bid By Guaranteeing Slot Revenue (The Hartford Courant 4/6) An Opinion:
Editorial: Give tribes a third casino or put it out to bid? (The New London Day 4/2)
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