Mohegan Gaming & Entertainment, the company responsible for the Mohegan tribe’s casinos in Connecticut, will end its management contract at the Resorts Casino Hotel in Atlantic City by the end of this year.
The tribe recently announced the end of an era that began in 2012, when it acquired 10% of Resorts Casino and became the first Native American operator on the Boardwalk. Mohegan will remain a partner even after the management contract ends.
Mohegan Gaming acquired the casino in 2010
The company will remain as manager until December 2024. Therefore, the objective is to ensure a smooth transition to maintain the quality of experience for the resort’s guests, as stated in an official statement.
Resorts Casino Hotel, the oldest casino on the Boardwalk, was purchased in 2010 by Morris Bailey and Dennis Gomes. After Gomes passed away in 2012, Bailey hired Mohegan Gaming & Entertainment to manage the casino.
The tribe did not explain the reasons for its departure from Atlantic City and did not mention the possibility of returning to this market. The region is the second largest domestic casino market in the US.
“We entered into a management agreement with Mohegan at a time of operational, economic and market challenges for Resorts,” said Morris Bailey.
It’s possible that Mohegan is focusing on its recently launched resort in South Korea, Inspire Entertainment Resort. Another possibility for the exit is that it may be looking to improve its operations at Virgin Las Vegas.
Mohegan’s other North American locations include:
- Uncasville
- Connecticut
- Mohegan Pensilvânia
- Ilani in Ridgefield
- Washington
- Two properties in Niagara Falls
- Ontario
No one mentioned possible replacements for Mohegan at Resorts Casino. Bailey will have several options to choose from if he decides to take on management directly.
Competition in Atlantic City is fierce, with nine casino hotels on the Boardwalk. Some consider the market saturated. However, 3 of the top 20 casinos outside of Las Vegas are located there:
- Borgata by MGM Resorts International
- Hard Rock Atlantic City
- Ocean Casino Resort
