It’s time for Connecticut to enact an open, competitive casino selection process to get the best results possible for the state.
A new legislative proposal, put forward by members of the delegations from Bridgeport and New Haven, would establish the first step of a two-part legislative process which would effectively modernize the state’s gaming policy by incorporating best practices. The legislation would bring the following financial advantages to the state:
- $500 MILLION minimum private investment - no taxpayer dollars at all.
- $50 MILLION non-refundable license fee due before construction
- 2,000 DIRECT JOBS created
- 25% OF THE ANNUAL GROSS GAMING REVENUE on both Slots and Table games
- MILLIONS in education funding to helps students across Connecticut
The competitive process complies with even the most conservative view of the exclusivity provisions of the State’s tribal compacts.
STEP 1 – The State would solicit responses to an RFP for a proposed commercial casino gaming facility. Each RFP response would require proof of the bidder’s financial stability, a construction timeline, a labor agreement, a plan to use Connecticut businesses and a responsible gaming plan. The State would evaluate the responses against transparent selection criteria and select a single, qualified bidder.
STEP 2 – The General Assembly would receive a report as to the qualified bidder. After receiving the report, the General Assembly could consider legislation to issue a conditional authorization for the operation of the commercial casino.