Residents of Connecticut may soon get to play keno at convenience stores, restaurants and bars during the latter part of the fiscal year. The state administration under Governor Dannel P. Malloy’s announced a reach of agreement with two Indian tribes running casinos in the south-eastern part of the state. Under the agreement, the tribes will portion 25 percent of total proceeds from keno gambling. The percentage is the maximum authorised by legislature.
Rights and revenues
The compact which grants Connecticut a slice of revenues from Mohegan Sun and Foxwood Resorts casinos also grants Mohegan and Mashantucket Pequot tribes exclusive rights when it comes to offering games in CT. Each tribe will be the recipient of 12.5 percent of total proceeds as per the agreement. According to estimates calculated by Office of Fiscal Analysis, a non-partisan body, it is assumed that the step will result in adding about $30 million to the coffers of the state beginning next financial year. Chuck Bunnell, the chief of staff of Mohegan tribe, termed the agreement a stellar example of productive and open dialogue between two governments.
Hunting for dollars
Both the Mashantucket and Mohegan tribes hope to acquire the final legislative nod to open about three casinos outside their tribal nations. The maiden planned facility is scheduled to be in the north-central part of CT and will mitigate competition due to a new casino currently under construction in Springfield, Mass. The keno launch was lobbied by lottery corporation, giving the argument that a lottery could compete for restricted gambling dollars. Anne Noble, who is president of lottery corporation, told legislators in 2014 that revenues from keno could possibly grow by a significant amount over next few years. The game attracts a larger number of players at its various sites.