Mohegan Comes To Atlantic City
The tribal gaming authority behind Mohegan Sun casino is making a move into Atlantic City.
The Mohegan Tribal Gaming Authority that runs mammoth tribal casinos in Uncasville, Conn., and Pennsylvania, announced a management agreement with Resorts Casino Hotel, New Jersey’s oldest gambling hall.
“The timing is right,” MTGA CEO Mitchell Etess said. “We have long looked at the Atlantic City market as an excellent opportunity.”
Casino industry consultant James Karmel said Mohegan may seek to become a major player in the Boardwalk Empire. “You’re probably looking at consolidation,” Karmel said, adding that Mohegan could become one of the handful of firms to run a gambling business in the struggling city.
Last month, Resorts and Jimmy Buffett announced a Margaritaville-branded entertainment complex to be developed on the property. Connecticut’s Mohegan Sun already has a Buffett-themed restaurant.
Atlantic City’s fortunes turned when Pennsylvania allowed gambling in 2006. That year, Resorts was sold for $31.5 million and was rebranded with a Roaring ’20s theme to capitalize on HBO’s “Boardwalk Empire” series based on Atlantic City in the Prohibition era.