We're planning for very moderate growth." "If that happens, we'll have a very strong project that will do quite well. Revenue at Foxwoods and its Connecticut rival, the Mohegan Sun, has been under tremendous pressure for several years as consumers pulled back spending on entertainment in the recession and weak recovery that followed and because of rising casino competition in the Northeast.īutera said Foxwoods is not counting on a strong recovery in the economy, which has so far been anemic. "I don't think the competition is as daunting now that we have Foxwoods on board," Nunes said.īutera would not disclose how much Foxwoods would invest in the Massachusetts venture, only that "we're making a substantial commitment." The Nunes venture, Crossroads Massachusetts, will compete for the eastern Massachusetts resort casino license with Suffolk Downs in Boston and Steve Wynn, who has proposed a casino for Everett. "To me it was a no-brainer in terms of attracting the best company to manage the operation for us," he said. Nunes already has reached an agreement with the town of Milford to build an $850 million resort casino.įoxwoods, the largest casino in the Western Hemisphere, is the right partner because it's the most familiar with the New England gambling market, Nunes said. Butera and Nunes have known each other for years, and Nunes "reached out to me some time ago," Butera said.
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