HOT Stories more

Connecticut asks court to toss MGM Resorts suit

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.

Stratosphere Real Deals for Real People

top stories

It doesn’t have to be a big game to provide big betting value. Such is the case in Chicago where the two worst teams in the American League Central meet.

Fantasy Force  Daniel Cormier defends his UFC ‘Jon Jones’ Light Heavyweight Championship against Alexander Gustafsson tonight on PPV.

The PokerStars and Full Tilt poker brands owned by Amaya Inc., have been approved to become part of the online gaming business in New Jersey. How much momentum this may add to the gaming business in Atlantic City remains to be seen.

SATURDAY FREE BOOKIES BATTLE SELECTION | Check out the free Bookies Battle selection of the day. Today's selection is from Dawn Bailey at the Bellagio.

Top NFL Vegas betting trends | Cowboys: Brandon Weeden has lost 10 straight starts (both straight-up and ATS); 17-3 ATS when underdogs by more than a field goal.

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology

Check out our writersCheck out our writers