mgm planning new resort casino for bridgeport

Proximity to the huge Boston gaming market should make the Everett casino one of the biggest gaming destinations on the US eastern seaboard. The Wynn Boston Harbor is expected to open in 2019.Ī Boston casino would be more lucrative than the Springfield gaming resort, even if it cost more than 2 & 1/2 times as much to build. Wynn Resorts won the Boston-area casino license in the same licensing process that saw the Springfield development approved. Meanwhile, MGM Resorts International appears to be exploring the possibility of selling the Wynn Boston Harbor, a $2.4 billion casino-resort in the Boston metropolitan area city of Everett. The MGM Springfield is set for a grand opening later this year. MGM Resorts won a license to build a $950 million casino-resort in Springfield in Western Massachusetts. Under Massachusetts gaming law, no casino company is allowed to own more than one gaming license at a time. It would eliminate an immediate competitive threat to the Connecticut casinos and offer a growth opportunity without development risk.” DeCree said in a report published last week, “We believe some combination of Mohegan Sun/Foxwoods and a would make the most sense for Springfield. Industry experts have speculated recently that MGM Resorts might buy Wynn Boston Harbor, a move which would require the Las Vegas casino company to sell the Springfield resort. John DeCree, an analyst for Union Gaming in Las Vegas, said that a joint venture between Mohegan Sun and Foxwoods Resort Casino would make the most sense, if the MGM Resorts decided to sell MGM Springfield. MGM Springfield has been the source of much controversy between MGM Resorts, Foxwoods, and Mohegan Sun.

Mgm planning new resort casino for bridgeport