HOT Stories more

Massachusetts AG would deny key permit to Wynn

Hot Stories Article

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.

Check out our writersCheck out our writers

top stories

The Jaguars just can’t catch a break. As soon as camp began, outside linebacker Dante Fowler Jr. went down for the season. In the first preseason game, TE Julius Thomas from the Denver Broncos broke his wrist. He may be back for Week 1.

When Clayton Kershaw speaks, the Dodgers listen. After the reigning Cy Young award winner and Most Valuable Player said his team needed to play with more urgency, the Dodgers have won two straight against the Reds.

Atlantic City’s main casino workers union is ramping up its threat of a strike against the Trump Taj Mahal casino. Local 54 of the Unite-HERE union says it will load a storage trailer on Tuesday with supplies it would need for a strike against the casino.

Paddy Power and Betfair have agreed to merge, creating one of the world’s largest online betting and gaming companies by revenue. Paddy Power shareholders would own 52 percent of the combined group and Betfair shareholders would own 48 percent.

Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City’s gambling market last year. Figures released show seven of the eight surviving casinos posted increases in profit in the second quarter of this year.

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology

Stratosphere Real Deals for Real People