Foxwoods Resort Casino in Connecticut, considered to be one of the most successful gaming centers in the world, has announced a $700 million expansion, a move believed to be aimed at the possibility of another tribal casino being developed in the immediate area.
Built and operated by the Mashantucket Pequot Indians, the expansion will add about two million square feet to the resort as well as an 825-room hotel tower, a 5,000-seat theater, a massive convention area and other amenities. In the gaming area, plans call for an additional 1,500 slot machines.
CEO of Foxwoods is Bill Sherlock, a long-time Las Vegas casino executive who formerly was president and CEO of New York-New York Hotel/Casino.
Sherlock said that a major focus of the expansion will be an effort to attract different ethnic groups to its new restaurants and nightclubs. The addition also will assist the operation against future competition, whether from the Shagticotes, a tribe that recently received federal recognition, or the Narragansetts, whose gaming efforts are being guided by Harrah’s Entertainment Inc. (HET).
"The larger you are, the more amenities you can offer, the harder it is to penetrate," said Sherlock. "We obviously take into consideration what we believe to be competitive landscape over the next five to 10 years."
The addition is expected to be available in 2008.