Despite the huge growth of casino gaming in the northeast, there is still more room for growth.
That’s the opinion of Michael Thomas, tribal treasurer of the Mashantucket Pequots who own and operate the Foxwoods Resort Casino in Connecticut.
“I think it’s safe to say we will continue to grow the tribal economy,” Thomas was reported as saying. “There’s a $4 billion gaming market here in the northeast and it’s not fully (tapped) yet,” he said.
The comments were made when it was acknowledged that the Pequots hope to expand their property in the future and hope to have a plan in hand sometime during the next calendar year. And officials said that any future expansion would certainly include additional slot machines.
That would be good news for the Nutmeg State taxpayers who receive at least 25% of the slot machine revenue.
Local officials have said that they are not surprised that Foxwoods will be planning an expansion project. They noted that in recent months it was the Pequots neighbors, the Mohegans, who have been expanding their casino operations. Said one, “Right now the Mohegans are one step ahead of them”¦they’ve got to compete.
It’s also expected that the expansion will precede any development of casinos in the New York Catskills.