I wonder if the casino's are hurting themselves in the long run by catering to the Asian Market. They didn't have a choice but to seek outside funding. Mohegan is/was much better financially situated than Foxwoods. They used to receive more in 1999 and that was before the expansion and the casino increased in popularity. While their debt repayment structure did not totally wipe out their profit sharing checks (I know a native member-his aunt was the medicine woman -her statue is in the upstairs lobby) He, and his wife & their 3 children receive approximately $40,000 per year stipend during the debt reduction payment period. The tribe did not want to have debt, and therefore agreed to reduce the amount of their stipends-or profit sharing if you will-during the construction phase of the hotel and the 'new' casino of the sky until it was paid off. Mohegan did their expansion in a different way. In a nutshell, they grew too fast for their own good & got into financial trouble.

I have several friends employed in various positions throughout Foxwoods. (Hopefully they are still there.) When this came to light, our Attorney General attempted to block it. I can post you a bunch of links from our local papers if you are interested. Although MGM is a partial investor in Borgata Atlantic City, the deal with Foxwoods will yield significant brand-name exposure for MGM in the northeast.' It will be operated by Foxwoods employees.Īs part of the deal, MGM will lend $200 million to the tribe's development company, helping it develop a 600-acre casino resort in the U.S. The new hotel, to be called the MGM Grand, will have 825 rooms, a 5,000-seat theater, and 1,500 more slot machines than the current Foxwoods. It has agreed to license its name to the Mashantucket Pequot Tribal Nation, which owns the Foxwoods Resort Casino, for a $700 million hotel and casino adjacent to the existing Foxwoods resort. 'MGM Mirage, which owns and operates two dozen casinos in Nevada, Mississippi, and Michigan, is coming to Connecticut. Seems we should be a bit more proud of offering the 'American Experience'. I am personally turned off to places that make extreme efforts to attract a particular ethenic minority. While I see the 'need' and opportunity for an Asian-centric casino , Foxwoods feels that the NYC & Boston Markets are their Primary Target. I heard that this new addition will be Asian Market centered. What loophole did they find/create to allow them access to the 'native American Only Market' ? I heard that MGM has just started the foundation for the new Foxwoods addition.

Who owns foxwoods resort and casino