BRIDGEPORT, Conn. (WTNH-WWLP)– While they near completion on their resort in Springfield, MGM has announced plans for the development of a new casino in Bridgeport, Connecticut.
The principals of MGM Resorts International and The RCI Group announced the plans for the development of MGM Bridgeport during a news conference late Monday morning. MGM says it will be a world-class resort casino at Steelpointe Harbor, located on the Long Island Sound waterfront, just off I-95.
MGM says that their resort would create thousands of new jobs in the state, as well as bring increased revenue to Bridgeport and surrounding communities. The casino will be funded with private investment dollars.
MGM is currently building a resort casino in Springfield, which is set to open in the fall of 2018. They are suing the state of Connecticut over a law allowing the Mashantucket Pequot and Mohegan tribes to operate a third casino in the state, which is to be located in East Windsor as a means to directly compete with MGM’s Springfield resort.
MGM has argued that a casino in the Bridgeport area, which is closer to the lucrative New York market, would be a better option for Connecticut in terms of revenue.
In a statement sent to 22News, Springfield Mayor Domenic Sarno said that MGM’s efforts in Bridgeport will not interfere in any way with their commitment to making their Springfield resort a success.
“MGM Resorts International Chairman and CEO Mr. James Murren had reached out to me last week reaffirming his full commitment to Springfield. My focus and his remains to have a very successful and robust MGM resort, the first in Massachusetts, in Springfield. Of note, MGM has been a very good corporate citizen. As for the Bridgeport, CT move, it offers a very lucrative New York City and Fairfield County market, that not only can generate jobs, investment and revenue to cash strapped Connecticut, but also, a plus for MGM Springfield, would be continued world renown entertainment acts matriculating up here to Springfield too. Either way MGM will continue to build and open a first class resort right here in Springfield,” Sarno said.
MMCT Venture- the partnership between the Mohegan and Mashantucket Pequot tribes- meanwhile, says that MGM’s Bridgeport announcement is nothing more than a “stunt,” and says that such a casino would violate agreements between Connecticut and the tribes.
“The idea that MGM is having a ‘groundbreaking’ for a project that hasn’t come close to receiving legislative approval continues a pattern of dishonesty that we saw time and again during the legislative session. Simply put, authorization of this facility would violate the existing compacts between the two tribes and the state which would immediately end the slot payments that currently sends the state hundreds of million a year in much need revenue. Our state’s elected officials saw through their dishonesty last session, and we expect them to see this latest fib for exactly what it is – another bought and paid for piece of misinformation,” the statement reads.