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.
