The Mashantucket Pequot Tribal Nation of Connecticut owns the The Foxwoods Resort Casino. Photo from Twitter
Connecticut newspaper urges state to go "all in" and support its tribal casino enterprises:
“The house always wins” is a stock phrase in the world of gambling. It means that casinos, by employing competitive advantages and controlling the details of the gaming environment, limit the winnings paid out to guests and always come out on top. The certainty of that adage is at risk in Connecticut for the equivalent of “the house” — our two casinos, Foxwoods and Mohegan Sun, and, by extension, their host state. Also at risk is the positive impact the casinos have on the employment picture (more than 20,000 direct jobs) and the state’s fiscal bottom line. (In fiscal year 2010-11, for example, the state got $179,805,630 in slot machine revenue from Mohegan Sun and $162,511,663 from Foxwoods, as part of more than $6 billion over the past 20 years.) A number of factors combine to create dark storm clouds that should worry all of us.Get the Story:
Editorial: Connecticut casinos’ prosperity linked to our own (The New Haven-Register 7/12) Related Stories:
Mohegan Tribe looks elsewhere as casino returns fall at home (07/10)
Connecticut tribes see another decline in slot machine revenue (06/17)
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