11/17/2023 0 Comments Foxwood casino shopping mall![]() Visitors declined, and its debt amounted to $2 billion. But its huge MGM Grand expansion took place just before the recession, which led to a financial crisis in 2009. In Connecticut, Foxwoods opened in 1992 and grew dramatically for years. Foxwoods and Mohegan Sun are competing in separate regions of Massachusetts for licenses to establish resort casinos. In late June, Foxwoods rival Mohegan Sun announced plans for a $50 million expansion that is expected to add 50 retailers and 200,000 square feet to its neighboring casino, entertainment and retail complex, raising the competitive stakes.īoth Foxwoods and Mohegan Sun are trying to differentiate their Connecticut casinos from those proposed for nearby Massachusetts and upstate New York. The land is being leased from the Mashantucket Pequot Tribe, which owns Foxwoods.įoxwoods, faced with the prospect of increasing competition, hopes the mall will attract visitors uninterested in gambling and turn the resort into a destination where guests will book longer, two- and three-night stays. The mall will connect the Grand Pequot Tower and the newer MGM Grand at Foxwoods and will focus on luxury brands. Thursday’s long-awaited announcement came during a groundbreaking ceremony for the 312,000-square-foot outlet mall. ![]()
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