Gov. Dannel Malloy held a bill signing ceremony this morning for legislation that authorizes the operation of a casino gaming facility in East Windsor.
The legislation, Public Act 17-89, An Act Concerning the Regulation of Gaming and Authorization of a Casino Gaming Facility in the State, specifies that the casino will be owned and operated by MMCT Venutre, LLC, a joint venture of the Mashantucket Pequot and Mohegan tribes.
The act comes with certain conditions. First, a $1 million initial payment will be made by the tribes to the State of Connecticut. Second, the state will receive 25 percent of gross gaming revenue from video facsimile games and 25 percent of GGR from all other authorized games, with 10 percent of that amount going to the state’s tourism efforts and the remaining 15 percent toward the state’s general fund, Malloy's office wrote in a statement.
MMCT will be responsible for paying $300,000 a year to address problem gambling. Additionally, the tribes will also handle costs of regulatory oversight conducted by the Connecticut Department of Consumer Protection.
Finally, the towns of Ellington, Enfield, South Windsor, Windsor Locks, East Hartford and the City of Hartford will be paid annual grants from the state of $750,000.
The legislation gives DCP oversight, licensing, and regulation over the East Windsor casino, and any other casino that may be authorized by the Legislature in the future.
The bill signing ceremony will take place at 11 a.m. in the State Capitol.