Mashantucket Tribe finalizes deal with MGM Mirage

Tuesday, December 19, 2006  

The Mashantucket Pequot Tribal Nation of Connecticut finalized its agreement with MGM Mirage, the Las Vegas gaming company.

The deal will bring the MGM name to the Foxwoods Resort Casino. The tribe is planning a $700 million hotel and casino.

The tribe and MGM also plan to collaborate on other projects. MGM will loan $200 million to the tribe to finance the effort.

The National Indian Gaming Commission won't review the agreement because it's not a management contract as defined by the Indian Gaming Regulatory Act. Connecticut attorney general Richard Blumenthal said he will review the deal.

Get the Story:
Foxwoods, MGM set for joint effort (The Norwich Bulletin 12/19)
Attorney general to review Mashantucket Pequot contracts with MGM (The Norwich Bulletin 12/19)
It's A Done Deal for MGM And Mashantuckets (The New London Day 12/19)
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Pequots, Casino Group Seal Partnership (The Hartford Courant 12/19)
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