The President and CEO of Foxwoods joined Fall River Mayor William Flanagan Tuesday morning to announce a $750 million casino proposal for the city.
Foxwoods is now vying for the Southeastern, Massachusetts casino license.
"It's about economic development, it's about jobs it's about additional revenue for the city of Fall River," said Flanagan.
The company had previously proposed a casino in Milford, but the plan was struck down by voters.
The proposed casino in Fall River would include a 140,000 square foot gaming floor and officials say the casino would bring between 3,000 and 5,000 jobs to the area.
"The type of resorts that Foxwoods develops and operates are economic engines like nothing else in the world," said The President and CEO of Foxwoods, Scott Butera.
Residents ABC 6 News caught up with had mixed about the proposal.
"I don't really have an opinion but like they said it's going to bring a lot of jobs," said Nicholas Bertchelette.
"It's kind of a two edge sword isn't it," said Dorthy Jackson.
"It's probably a good thing for the city but I myself don't gamble," said Bob Gagnon.
No site has been selected yet, though a committee has been appointed to look for one.
Elsewhere in the region, KG Urban Enterprises in New Bedford and The Claremont Companies in Bridgewater have also expressed interest in building a casino.
In addition, the Mashpee Wampanoag Tribe is looking to build in Taunton. The tribe is still awaiting federal approval to move forward with their application.
Mayor Flanagan would like for the proposal to go before voters sometime this Spring. He says if the proposal is chosen by the state's gaming commission he'd like to have a shovel in the ground sometime in 2015.