Mohegan tribe to End its management of Atlantic City’s Resorts Casino
A major management change is coming to Atlantic City’s oldest casino. Resorts casino announced this week that the Mohegan tribe will no longer run the property’s operations after this year.
Mohegan Gaming Advisors has run the property since 2012. Resorts became the first legal casino outside Nevada when it opened in 1978 and brought Mohegan on board after the property’s original co-owner, Dennis Gomes, passed away.
“Mohegan has been a valuable partner, and we are grateful for their contribution to our success,” Resorts owner Morris Bailey said. “We entered into a management agreement with Mohegan at a time when Resorts faced many operational, economic and market challenges. Mohegan brought stability and direction to Resorts by helping to assemble a stellar management team which will remain in place. We are happy that, with Mohegan’s help, Resorts has reached a point where it is able to operate independently.”
Other Details on the Move
Mohegan Gaming Advisors has a deep history in gaming. The tribe opened the Mohegan Sun in Connecticut in 1996. The group branched out in recent years and now also owns and operates Mohegan Sun at Pocono Downs in Pennsylvania.
The tribe also operates Mohegan Casino Las Vegas in partnership with Virgin Hotels. The Cowlitz Indian Tribe also contracts with the Mohegan to run the operation of that tribe’s ilani Casino Resort in Washington.
In Canada, the tribe also managed the operations of the Fallsview Casino in Niagara Falls, Ontario. In November, the tribe expanded with the opening of the Mohegan Inspire casino resort in South Korea.
Resorts visitors may not notice much change with Mohegan management now staying in place. The tribe was given a 10% ownership stake in the property when the initial operations agreement was put in place in 2012 and that will stay in place even after the deal concludes.
“We’re extremely proud of our relationship with Resorts Casino Hotel and what we have helped accomplish,” Mohegan President and CEO Ray Pineault said. “We want to express our deepest gratitude to our Resorts team members, guests and the Atlantic City community for their support and dedication throughout our tenure as manager.”
When the agreement began, the property brought in $130 million in revenue, which reached $163 million in 2023. The Resorts Digital online gaming operation also produced $822 million in revenue in 2023, up more than 50% from 2022.
