Jepsen sees ‘not insubstantial’ risk in casino expansion
HARTFORD: Allowing Connecticut’s two federally recognized tribes to jointly operate a casino off tribal lands would pose legal risks that “are not insubstantial” to the more than $250 million in slots revenue annually shared with the state, Attorney General George Jepsen wrote Monday in a formal legal opinion sought by Gov. Dannel P. Malloy.
Jepsen’s new eight-page analysis is unlikely to reassure lawmakers who backed away from casino expansion in 2015 after the attorney general’s office first flagged the risks and complications of allowing the Mashantucket Pequot and Mohegan tribal nations to develop the state’s first commercial casino without an open-bid process, which already has generated a lawsuit from their competitor, MGM Resorts International.
HARTFORD: The Mashantucket Pequot and Mohegan Tribe[s], released a rendering of their planned East Windsor entertainment and gaming facility. The two tribes also highlighted the benefits of Senate Bill 957 authorizing the casino and which would include an infusion of funding to assist the state's tourism industry.
According to the tribes the proposed development will be a “world-class,” 200,000 square foot gaming and entertainment facility with 2,000 slot machines and 50 to 150 table games. The Senate bill requires the facility to pay a 25% tax on its slot machines and a 25% tax on its table games.
By Mitchell Young
WASHINGTON: Aetna [NYSE: AET] and Cigna [NYSE:CI] have watched their huge mergers collapse this month under the weight of lawsuits brought by the Obama administration.
The Justice Department won a first round legal ruling against the Anthem [NYSE: ANTM] Cigna deal and Cigna said enough is enough. Anthem said no way, and now the would be couple are talking trash and in court.
Cigna CEO David Cordani was among the health insurance executives that met with the President. Cigna and Anthem are suing the hell out of each other, over their busted deal, both sides are claiming the other guy wanted to scuttle the merger. Some recent reports say that with a new administration, Cigna, Anthem's merger could be resurrected.
Nonpartisan analysts cite eroding CT income tax receipts
Eroding income tax receipts have pushed the current state budget back into the red, nonpartisan analysts reported Monday.
More importantly, the $65.2 million shortfall the Office of Fiscal Analysis reported also reflects a potential hole of about the same size in each year of Gov. Dannel P. Malloy’s new biennial budget proposal.
That’s because the revenue schedules in the governor’s plan are based in part on estimated tax receipts for the current fiscal year.
WASHINGTON: The U.S. House of Representatives on Monday brushed aside a major obstacle to the full establishment of Coltsville National Park by approving legislation that changes the site of the park’s headquarters.
Coltsville was established by legislation Congress approved in December of 2014. That legislation required that the National Park Service be given 10,000 square feet of space in the Colt complex’s blue-domed East Armory in Hartford.
But the park service and the company developing some of Sam Colt’s former properties, including the East Armory, decided two one-story brownstones next to the armory would better serve as offices for park administration and visitor services. The two buildings were constructed in 1855 and are all that remains of Sam Colt’s original factories.