Tuesday, May 20, 2008

MGM Grand at Foxwoods Opens

MGM Grand at Foxwoods, located on the Mashantucket Pequot reservation in Connecticut, had its grand opening last weekend, the long-awaited occasion celebrated with a star-studded gala.

The $700 million property includes a 50,000-square-foot casino, with 1,400 slot machines and 53 table games; a 26-story, 825-room hotel; a 21,000-square-foot spa; 115,000 square feet of meeting space; a 4,000-seat theater; and a dining and retail concourse. The project, a partnership between the tribe and MGM Grand, has created about 3,000 jobs.

The Mashantucket Pequot owns/operates Foxwoods, located next door to the new facility. Foxwoods covers 4.7 million square feet, with 340,000 square feet of gaming space, making it the largest casino in the world. The complex attracts more than 40,000 vistors daily.

The tribe’s expansion does not end with the MGM Grand at Foxwoods. Philadelphia Entertainment and Development Partners, a joint venture between Foxwoods Development Company, L.L.C., and a group of investors operating as Washington Philadelphia Investors, L.P., was awarded a Category 2 Gaming License by the Pennsylvania Gaming Control Board to develop a 3.7 million-square-foot casino-resort on a 16.5-acre parcel in Philadelphia, Penn. Called Foxwoods Casino Philadelphia, the project will cost an estimated $986 million.