HOT Stories more

Mega-fight will be Las Vegas style high roller event

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.

top stories

Jim Murren said the MGM Grand had “record front money” coming in from customers around the world. Here in Las Vegas, more than 46,000 tickets were sold to people who watched the fight on a closed circuit operation controlled by the company.

The aging Riviera Hotel and Casino on the Las Vegas Strip will age no more as of noon. The 60-year-old casino-hotel is expected to close its doors at that hour Monday.

​Non-gaming amenities are getting increase attention within Boyd Gaming according to CEO Keith Smith who says the Las Vegas-based company with regional casinos across Middle America generated strong first quarter earnings.

​Indiana casinos may soon have state approval to move their floating or dockside casinos on to dry land to locations within their current footprint.

​New hearings that could bring the expansion of casino gaming in Illinois have been scheduled for later this month in Chicago.

Check out our writersCheck out our writers

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology

GamingToday subscription ad