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Patriots home games affecting new Mass. casino

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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.

  Brian BlessingStation Casinos

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Nevada’s statewide gaming win for October slipped 2.85 percent to $887.58 million compared to the same year earlier period when the non-restricted licensees won $913.64 million.

Nowhere is the competition among regional casinos in the U.S. more apparent than in Southern California where Penn National Gaming (PENN) is continuing its westward push with a San Diego resort that is due to open next summer.

​Business at Plainridge Park Casino slows dramatically whenever the New England Patriots are playing at home. Whether that’s a consequence of Massachusetts’ sole casino not having access to the legal sports betting is hard to say.

The increasing number of regional casinos across the U.S. has produced some heated campaigns from Ohio to Louisiana and down into Florida where the Seminole tribe and the state are now in federal court.

More than 1,000 Macau casino jobs will be lost if the government goes through with a proposed plan to eliminate smoking in casinos.

Banker Sports  Brian Blessing

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