A north central Connecticut casino, if approved by the legislature, would generate the most of the three satellite casinos under consideration in the state, according to a consultant hired by Connecticut casino-operating tribes.
The analysis by Clyde Barrow of Pyramid Associates — the third report published since lawmakers began considering a gaming expansion in the state — concluded that three satellite casinos would generate gross revenue of $558.2 million. Just over $500 million of that total would be gaming revenue.
And a proposed casino on the I-91 corridor would bring in the most, $241.9 million, Pyramid said.
Meanwhile, casinos in southwestern and western Connecticut would generate $201.3 million and $115 million, the report added.
Together, they would provide nearly $130 million in state gaming, sales and meals taxes.
The analysis assumes that each of the casinos would have 2,000 slot machines, 50 table games and 15 poker tables, and that each would open in Jan. 2017.
Pyramid also contends that the three casinos would recapture nearly 88 percent of the gaming revenue and nearly 44 percent of the non-gaming revenue that Connecticut would otherwise lose to new casinos in Massachusetts and New York.
Read more
Growing competition, economy cost CT casinos $1.2B
