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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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Atlantic City’s eight casinos collectively won $175.5 million during January,  5.6  percent less than the same period a year ago, but Internet gaming action resulted in a January increase to $14 .6 million.

Michonne Ascuaga resigned her position as a member of the Nevada Gaming Commission on Friday after details of a federal investigation of the Sparks Nugget casino formerly owned by her family surfaced.

Wynn Resorts is giving more attention now to some of its U.S. assets from Las Vegas to Boston as the company moves steadily closer to the mid-year opening of its $4 billion Macau Palace.

Revenue produced by the three Detroit casinos fell by 1.8 percent to $109 million in January, compared with the same month of 2015, according to figures released by the Michigan Gaming Control Board.

The Boyd Gaming-owned Par-A-Dice casino in East Peoria, Ill.,  has responded to increased competition in its market by laying off 40 employees.

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