Tag Archives: Mohegan Gaming
US – Mohegan Gaming’s President to step down
Mohegan Gaming & Entertainment (MGE) has confirmed that its President and Chief Executive Officer Mario Kontomerkos will step down effective March 31, 2021. Chief Operating Officer (COO) Ray Pineault will act as Interim Chief Executive Officer subject to necessary regulatory filings or approvals. “During his tenure with the organization, first as Chief Financial Officer and…
South Korea – Mohegan close to securing all the funding for Inspire Korea
Mohegan Gaming & Entertainment is ‘optimistic’ it will secure the financing needed to complete the $1.6bn build of its Inspire Korea Korean integrated resort project within the next quarter, adding that it will fast track $200m earmarked for the second phase of the project to use for the first. Having put up US$300m of its…
Japan – Five partnerships to compete for Nagasaki licence
The Japanese coastal city of Nagasaki has confirmed it has had five responses to its request-for-proposal (RFP) process for companies interested in developing an Integrated Resort casino at the Huis Ten Bosch theme park in Sasebo city with one of the groups still to be named. Nagasaki Vice-Governor Ken Hirata said the required investment needed…
Japan – Oshidori International and Mohegan Gaming team up for Nagasaki license bid
Oshidori International Development Godogaisha, a Japanese company established for the purpose of developing an integrated resort in Nagasaki, (Oshidori) and Mohegan Gaming & Entertainment, master developer of integrated resorts worldwide (MGE), have announced their partnership towards a joint bid for an integrated resort license in Nagasaki, Japan. Through this partnership, Oshidori and MGE not only…
Greece – Mohegan Gaming finally confirmed as casino operator for Hellinikon project
The Hellenic Gaming Commission has finally confirmed its selection of Mohegan Gaming & Entertainment (MGE) to develop the first Integrated Resort and Casino in Greece. The winning bid from MGE, submitted in partnership with GEK TERNA, proposes a state-of-the-art development plan, INSPIRE Athens, that includes a luxury hotel, premier entertainment venues, convention center, shopping, dining,…
US – Mohegan Gaming announces expansion of Ilani Casino in Ridgefield
Mohegan Gaming & Entertainment, manager of Ilani Casino in Ridgefield, Washington, has confirmed some major updates to its premier northwestern US property as the brand continues its upward momentum in developing integrated entertainment resorts worldwide. In partnership with the Cowlitz Tribe, Howard S. Wright and Friedmutter Group, Ilani will feature additions to its exterior and…
Greece – Mohegan offers five times the minimum tender price for Hellinikon licence
Mohegan Gaming & Entertainment, its Greek partner GEK TERNA, and the consortium behind its bid to bring Inspire Athens to fruition has offered €150m for the 30-year licence needed to operate the 120 table and 1,200 slot casino resort. Mohegan Gaming is the sole bidder in the much-delayed tender process to build a casino resort…
Greece – InspireAthens to be fully operational by 2024
Greek Investment Minister Adonis Georgiadis has said that the casino and two hotels being planned for the landmark plot of Athens’ former international airport on the southern coast at Elliniko will be ready for business by 2024. He added that building work would get underway in early July and would be inaugurated by Prime Minister…
Greece – Moody’s warns of potential default by Mohegan Gaming
Moody’s Investors Service believes that Mohegan Gaming & Entertainment, the Connecticut-based casino group who won the license for an E8bn casino at the former Hellenikon International Airport in Greece, is at risk of default. Earlier this month, Mohegan missed a $19.7m interest payment with the operator claiming it didn’t make the payment as it is…
