One way or another, MGM Bridgeport would be a gamble. In unveiling its plans last month for a waterfront casino in the state’s largest city, MGM Resorts International said state revenue from the new facility would more than make up for what would be lost from the two existing casinos in southeastern Connecticut. But according to analysts from Fitch Ratings, there are questions that need to be answered before that determination can be made. At the same time, the risk of an overheated casino market will only increase in years to come. “The Northeast in general is a pretty saturated market at this point,” said Colin A. Mansfield, a director of corporate finance at Fitch.
from Business http://www.ctpost.com/business/article/Fitch-analysts-Many-questions-on-MGM-Bridgeport-12241560.php
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