Chief Richard Velky has taken a pragmatic path to securing his tribe’s financial future receiving state recognition as a limited liability company for a business entity created by The Schaghticoke Tribal Nation.

Tuesday, the Secretary of the State’s office notified Velky that it had recongized “Confluence of Rivers Tribal Business Entity LLC.” This gives the tribe authority to pursue the development of a commercial casino in Connecticut, a process which was authorized the the state Legislature and Gov. Dannel P. Malloy in 2015.

Velky said that the tribe would soon issue a request for proposals to municipalities regarding the establishment of a possible casino gaming facility in the municipality.

“We view this as a significant economic development opportunity,” Velky said in a press release. “Our objective will be to maximize economic opportunity for the residents of Connecticut and to maximize revenue gained by the State of Connecticut.”

The Schaghticoke Tribal Nation now joins the Mashantucket Pequot and Mohegan tribes in their attempts to open a third casino in the state.

stuz@newstimes.com; 203-731-3352