Mohegan Sun is now competing against Las Vegas casino titan Steve Wynn for the sole license to operate a casino in the Boston area.
has been particularly hard on Atlantic City and Connecticut, which have been losing patrons to eastern Pennsylvania and the Yonkers and Resorts World racinos operated in the New York City vicinity by Yonkers Racing Corporation and Genting Berhad, respectively.”īoth the Mashantucket Pequots and the Mohegan Tribal Gaming Authority were dealt a blow when their separate applications to build casinos in Massachusetts were rejected in Milford and Palmer, respectively. In December, Moody’s analyst Keith Foley wrote in an investors’ note: “Continued expansion of gaming in the northeast U.S. The Northeast is becoming increasingly saturated with new or expanded gambling venues. The outlet mall will focus on luxury brands and will be between the Grand Pequot Tower and The Fox Tower, formerly MGM Grand at Foxwoods. The $120 million mall, named Tanger Outlet Mall at Foxwoods, is set to open May 2015. Foxwoods also started construction last fall on an 85-store outlet mall at the casino. With the ratification of the Expanded Gaming Act of 2011, up to three land-based casinos and one slot parlour were allowed to operate in the state.
