The Mashpee Wampanoag Tribe’s destination resort casino reached another important milestone, as the Massachusetts Joint Committee on Economic Development and Emerging Technologies has approved the revised gaming compact between the tribe and Governor Deval Patrick.
According to the revised Compact, the state will receive at least $2.1 billion in revenue over 20 years. The agreement will also provide over $300 million specifically to the southeastern Massachusetts region for transportation, education, tourism and funding for surrounding communities in the region.
The destination resort casino is expected to create 1,000 construction jobs, more than 2,650 permanent jobs, and an $80 million annual payroll. The $500 million project will include a 150,000 square-foot casino, hotels with 300 rooms apiece, 3,000 slot machines, 150 tables and 40 poker tables, and an events center.
The Mashpee Wampanoag Tribe, also known as the “People of the First Light,” will pay 17 percent of gaming revenues from its proposed casino, provided there is no competition from another casino in Southeastern Massachusetts. The compact is now cleared to go before the full state legislature. Once approved, the compact will then move on to the federal Bureau of Indian Affairs for final approval.