Tuesday, March 10, 2015

NO to Casino Expansion in Connecticut

Casino expansion is the wrong direction for Connecticut. Danbury is the wrong location for a new casino in Connecticut. This proposal is a desperate move that offers no long-term benefits for our state.

Danbury’s economy is better suited to high technology and financial services expansion. Danbury consistently has the lowest unemployment rate in the state of Connecticut. Casino jobs offer no enhancement to western Connecticut’s economy.

New casino expansion in Connecticut proposed today will give us supermarket-sized casino parlors – not the same casinos we’re accustomed to at Foxwoods and Mohegan Sun. Our state doesn’t need casino parlors dotting the landscape.

Slot machine revenues at Connecticut’s casinos are dropping precipitously due to the poor economy and new competition in the gambling market. We’ve seen this happen across the country and state government’s response elsewhere has proven Connecticut’s expansion proposal is a dead end.

Looking across the country we can see gambling parlors along interstate highways. These facilities are much smaller than the casinos within a casino we have in Connecticut. Picture a supermarket converted to a casino.

Atlantic City overbuilt their casino market and now they’re closing one after another. The gambling business is changing dramatically across the country. The Connecticut monopoly in the northeast is over and this proposal will not change our reality.

Should the Democrat majority of the Connecticut General Assembly insist on moving forward with this ill-advised idea then our state must renegotiate the tribal compact. Currently, state government shares in only a small portion of revenues generated by Foxwoods and Mohegan Sun. This must change.

A new tribal compact must include state participation in all revenues at casino facilities in our state. Slot machines generate only 30% of casino revenue and we are currently limited to a piece of slot revenues. Table games like Poker, Blackjack, Baccarat and Roulette generate a large share of casino revenues and should be subject to a new compact. Negotiations for a new compact must include existing facilities at Foxwoods and Mohegan Sun - not just expansion casino facilities.

A better idea is scrapping casino expansion in our state. Connecticut should help our two existing casinos focus on bringing tourists to their destination facilities. Allowing our casino operators to expand will only further erode their existing business.