MGM Mirage Inks Deal With Foxwoods

Foxwoods Resort Casino in Connecticut has partnered with MGM Mirage for its planned $700 million hotel and casino expansion project. The company is licensing its name to the Mashantucket Pequot Tribal Nation for a new MGM Grand hotel and casino, which will be operated by Foxwoods. The expansion project includes an 825-room hotel, 5,000-seat theater, a convention center and ballroom, nightclubs and 1,500 additional slot machines. As a result of the deal, Foxwoods will have access to MGM's customer database of more than 22 million and leverage MGM's partnerships to attract new restaurants and top entertainment to the resort. MGM will gain visibility in the Northeast gaming market. The two companies also agreed to work together on other casino projects, as the Mashantucket Nation has plans for a 600-acre resort and casino in the U.S. Virgin Islands.

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