Last week Stanley Ho announced his retirement from the company he owns and operates. He is currently in his 90s. Foxwood Resort Casino made announcement of a different, yet just as startingly issue with their CEO. Felix Rappaport, the CEO and casino mogul of Foxwoods Resort and Casino died at age 65.
He was the president of the hotel casino resort in Connecticut. According to the report Rappaport was discovered Monday June 18, 2018 dead. He was at his residence, which is at the resort.
The Mashantucket Pequot Tribal Nation operators Foxwoods. They made a statement that his cause of death is unknown; however, foul play is not an issue. Rodney Butler, the chairman for the tribal group stated that Rappaport’s death is extremely surprising and a huge loss for the company. Everyone extends their sympathies to the family he left behind.
Rappaport has been the CEO for Foxwoods for four years. He has been in the gambling industry for four decades. Among his resume positions is one with MGM Resorts International where he served for two decades. He oversaw a few of the Las Vegas properties and also worked at Hershey Entertainment and Resort, and Station Casinos.
Rappaport’s death is on the beginnings of the new plans for a joint venture with Connecticut’s other tribe the Mohegan’s. A project involving both tribes in East Windsor was due to start.
The Bureau of Indian Affairs stopped their obstruction of the Mohegan’s participation in the project just a bit ago. The federal government agency is still silent on whether they will allow the Mashantucket Pequots to participate in the endeavor. They have not said anything about their fate, just that they are no longer going to stand in the way of the Mohegan tribe getting the project started.
Federal Bureau and MPTN Approval
Connecticut’s legislators are asking for the Interior Departments Inspector General to continue probing the East Windsor approval that the Bureau of Indian Affairs has continued to obstruct. The legislators are unsure why the BIA has been reluctant to allow the joint project within the timelines the companies had federal legislator approval for.
Last week the tribe released information about the project at a public hearing in East Windsor to get local permission. The construction work will be $300 million for the casino resort. The tribes hope to have it open in 2020, but with issues ongoing it may be delayed more than half a year.