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Mohegan Sun, Concord Assoc. to rebuild at site of Concord Hotel May 08, 2011 10:11 AM by Staff & Wire Reports

An Indian tribal casino operator and a New York developer announced Thursday a partnership to develop a gambling and racing resort intended to revive a Catskill Mountain destination.

The Mohegan Tribal Gaming Authority, parent of the Mohegan Sun in eastern Connecticut and Pocono Downs in Plains Township, Pa., and Concord Associates will develop a $600 million project to rebuild at the site of the Concord Hotel, once one of the most popular destinations in the Borscht Belt.

Ground will be broken on the 116-acre site in June, and the resort in Thompson, N.Y., is expected to open by spring 2013.

The Mohegan Sun is a "small equity holder" in the project, said Mitchell Etess, chief executive of the Mohegan Tribal Gaming Authority. More details will be available in the future on how the total amount of money is split between the two partners and how the money will be raised.

A 75,000 square-foot casino would feature 2,100 video lottery terminals with as many as 450 electronic table game positions, a 258-room hotel, a harness racing facility with a grandstand, a track and related paddock facilities, a simulcast site for pari-mutuel betting, 10,000 square feet of meeting rooms and ballrooms, five restaurants, retail outlets and entertainment space.

More than $100 million has been spent on site preparation, foundations, demolition and fixing environmental problems, the Mohegan Sun said.

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Pennsylvania casinos are reporting a slight increase in revenue from table games. The Pennsylvania Gaming Control Board said Wednesday that revenue from table games totaled $67.9 million last month, up nearly 1 percent from a year ago.

Rampart Casino will officially open the doors to its long-awaited Bingo Room on Saturday, April 19, in conjunction with its 15-year anniversary and “15 Years of Fun” initiative.

The Borgata Hotel Casino & Spa is reimbursing players in a poker tournament that was suspended after counterfeit chips were discovered. The Borgata enhanced security and introduced more intricate chips for its poker tournament last week.

Foxwoods Resort Casino and the Mohegan Sun, Connecticut’s Indian-run casinos, say slot machine revenue fell sharply in March. Foxwoods Resort Casino cited an “ultra-competitive” market.

Getting Rich with Saber | Over 110 years ago, Oaklawn Park in Hot Springs, Arkansas opened for business and they all came. They came for the gambling and natural hot springs bath houses. And they kept coming to this historical spot.