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January 27, 2021
The federally-recognized Mashantucket Pequot Tribal Nation has announced the signing of a deal that is to see it spend approximately $12.5 million in order to bring a casino back to Puerto Rico’s famed Fairmont El San Juan Hotel.
The Connecticut-based tribe used an official Tuesday press release to declare that the agreement with local hospitality investments firm LionGrove will involve the beachfront property in the eastern San Juan suburb of Carolina premiering a 15,000 sq ft casino complete with a range of slots and gaming tables as well as ‘first-class service’ that is destined to complement ‘the resort’s well-appointed luxury accommodations and amenities.’
MASHANTUCKET - The Foxwoods Resort Casino has long been looking for opportunities to expand since the 2008 financial crisis, and over a decade later, it seems like “the right fit” was found.
“It checked so many boxes for us that we were excited to be a part of it,” Mashantucket Pequot Tribal Nation Chairman Rodney Butler said.
On Tuesday at a press conference in Puerto Rico, Foxwoods and LionGrove LLC announced their intention to reopen the casino at the historic Fairmont El San Juan Hotel as the Foxwoods El San Juan Casino in Carolina, Puerto Rico.
The casino is set to open by the end of 2021 and will be the first venture by Foxwoods outside of the continental U.S. So far, Foxwoods has invested $12.5 million in the project and expects it will create 150 casino jobs, and more than 300 jobs total.