Word: pequots
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...their dollars drain into Delaware, which installed slot machines last September at two tracks; Tennessee envies the tax revenue reaped by Mississippi's Tunica County, thanks to Memphis gamblers; and New York is readying a constitutional amendment that will allow its slot hogs--who are now flocking to the Pequot Indians' Foxwoods Casino in Connecticut--to spend their money at home. Meanwhile, Fahrenkopf has begun to rally not just casino companies but also suppliers, "down to the guys who make the swizzle sticks," he says. And, he notes, "people are voting with their feet--125 million casino visits last year...
...manufacturing workers with less adaptable skills, the wage gap between industries is still daunting. Two years ago, the Pequot Indians opened their now-packed Foxwoods casino in Ledyard, Connecticut. So profitable have such gambling dens become that the Pequots could afford to staff the casino with 9,000 craps dealers, bartenders and other workers. But fully 56% of the nearly 1,300 employees who arrived after losing their jobs at local defense contractors like Electric Boat had to take pay cuts of at least $2,500 a year, according to Donald Peppard, a Connecticut College economist. One welder- turned-security...
Since opening two-and-a-half years ago on Pequot tribal land in Ledyard, Conn., Foxwoods has become the largest grossing casino in the United States raking in about $600 million annually...
Weld has some evidence to cite. The best case for legalized casino gambling is the mind-numbing success of the Foxwoods High Stakes Bingo and Casino in Ledyard, Conn., which is owned and operated by the Pequot tribe...
Some competition will exist for the casino. The only other gaining center in New England, the Pequot tribe's Foxwoods in Ledyard, Conn., is far away, but it is the largest grossing casino in the world. Madison says he is confident business at the Wampanoags' casino would flourish...