Foxwoods unveils outlet store at Conn. casino site

AP News
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Posted: Feb 16, 2012 9:56 AM
Foxwoods unveils outlet store at Conn. casino site

Foxwoods Resort Casino has unveiled plans for an outlet shopping center to add to revenue at its eastern Connecticut gambling enterprise.

The casino, which is run by the Mashantucket Pequot Tribe, announced its plans Wednesday to build 85 outlet stores. Wednesday was Foxwoods' 20th anniversary.

Foxwoods said the 320,000 square-foot retail space will connect the MGM Grand Hotel to the Grand Pequot Hotel. Construction is to start in the spring, but Foxwoods did not say when the shops will open.

Revenue at Foxwoods was $7.84 billion for the state's budget year that ended last June 30, up just 1 percent from the previous year. Foxwoods and its neighbor, the Mohegan Sun, have been struggling with weak consumer demand in the sputtering economy and growing competition in the Northeast.