Mohegan Gaming & Entertainment

    Website: https://mohegangaming.com/

    The Mohegan Tribe’s large-scale venture into the gaming industry began with the opening of Mohegan Sun in Uncasville, Connecticut, in October 1996. It was a financial success for many years, with only neighboring Foxwoods providing serious competition in the early days. By 2005, Mohegan was beginning to make investments outside of Connecticut and now has about half a dozen different properties. In 2018, Mohegan reached Asia with its move to take full control of the Inspire in Incheon, South Korea.

    Mohegan has expressed interest in gaining an IR license in the Japanese market, aiming in particular for one of the smaller, regional markets such as Tomakomai.

    People

    Kontomerkos, Mario

    Family Name: Kontomerkos Given Name: Mario Role: Chief Executive Officer Profile: Well experienced in the financial industry, Kontomerkos joined Mohegan as Chief Financial Officer in 2011. In October 2017 he was promoted to the post of Chief Executive Officer with a mandate to diversify the company's holdings.

    Jones, Christopher

    Family Name: Jones Given Name: Christopher Role: Vice-President of Corporate Finance Profile: Most of Jones' early career was spent as an equity analyst. His research turned to the gaming industry by about 2008, and he became Mohegan's vice-president of corporate finance in July 2017.

    Related Articles

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    Mohegan Opens Office in Tomakomai, Hokkaido

    Mohegan Gaming & Entertainment has announced the opening of its office in Tomakomai, Hokkaido, where it is one of several international IR operators hoping to build a regional IR.

    Mohegan Revenues Flat in April-June 2019 Period

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    Mohegan Outlines Tomakomai IR Plans

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    Mohegan Appoints Regional President for Canada and Korea

    US tribal casino operator Mohegan Gaming & Entertainment (MGE) has announced the appointment of Christian Block as regional president for its properties in Canada and Korea.

    Mohegan Revenue Falls in January-March 2019 Period

    Mohegan Gaming & Entertainment, the company behind the Mohegan Sun in Connecticut and the forthcoming Inspire Korea in Incheon, recorded a fall in net income and revenues for the quarter ended March 31, 2019.

    Nikkei Holds IR Seminar in Sapporo

    The Nihon Keizai Shinbun held its second IR seminar on March 5, this time in Sapporo, Hokkaido, before an audience of 367 people.

    Kontomerkos: Mohegan Aims for “Serious and Deep” Community Connections

    In an exclusive interview with AGB Nippon, Mohegan CEO Mario Kontomerkos explained that it was his tribal operator’s focus on “generational sustainability” and its “serious and deep connections with the community” that sets it apart from the other half dozen or so international operators that have taken a keen interest in Tomakomai.

    Wakayama Seminar Draws In the Business Community

    The Wakayama IR Business Connect Seminar was held on the late afternoon of the 19th and was successful in drawing interest from a large cross-section of the local business community, as well as domestic and international media.

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    Foxwoods Resort Casino and Mohegan Sun in Connecticut continue to report significantly lower slot machine revenue more than half a year since MGM Springfield opened its doors in neighboring Massachusetts.
    Wakayama Seminar

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    The upcoming Wakayama IR Business-Connect Seminar has been fully subscribed, attracting over 200 companies from the Wakayama as well as greater Kansai Region.

    Mohegan Chairman Unexpectedly Steps Down

    Kevin Brown, chairman of the Mohegan Tribal Council, has stepped down from his position citing undisclosed personal reasons, effective immediately.

    Mohegan Reports Decline in Revenue in October-December 2018 Period

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    Hokkaido IR Showcase Brings Together Operators and Local Community

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    Mohegan Focused on Social Commitments and Geographical Similarities

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    MGM Goes on the Offensive Against Foxwoods and Mohegan

    MGM Resorts has gone on the offensive against the tribal operators Foxwoods Resort Casino and Mohegan Gaming & Entertainment by directly targeting customers in their home base of Connecticut, upping the ante in fierce competition for market share in the US northeast.
    Inspire IR in Incheon Korea

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    Mohegan Gaming & Entertainment and the Paramount Pictures Corporation have announced an agreement to build a 404,000 square meter Paramount Pictures-branded theme park at the Inspire IR in Incheon, South Korea.

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    Foxwoods and Mohegan’s Slot Machine Revenues Hit by Opening of MGM Springfield

    It was fully anticipated that Connecticut-based Foxwoods Resort Casino and Mohegan Gaming & Entertainment would see their revenues suffer with the opening of MGM Springfield in neighboring Massachusetts, but now the first figures are in—both of the Native American tribe-owned casinos witnessed revenue falls of 10% in October.

    Foxwoods and Mohegan Generate More than US$3.7 Billion in Economic Activity

    The 2018 Indian Gaming Industry Report by Meister Economic Consulting finds that the two tribe-owned casino resorts in Connecticut—Foxwoods Resort Casino and Mohegan Gaming & Entertainment—generate a combined US$3.7 billion in economic activity through taxes, job-creation, and other aspects.

    Moody’s Puts Mohegan on Review for Credit Rating Downgrade

    Moody's Investors Service has put the credit rating of Mohegan Gaming & Entertainment, which is now mulling an IR bid in Tomakomai city and perhaps elsewhere, on review for a downgrade.

    Four International IR Operators Opening Offices in Tomakomai

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    Governor Nisaka Promotes Revised IR Plan at Wakayama Symposium

    Gathering at a hotel in Wakayama city, Wakayama Governor Yoshinobu Nisaka once again promoted the concept of building an IR at the Marina City location, this time explaining the contents of the revised plan released by the prefectural government last week.

    Six Operators Remain in Tomakomai IR Race

    It would appear that the competition to partner with the Tomakomai municipal government has now narrowed down to six serious suitors—Caesars, Hard Rock, Mohegan, Rush Street, Clairvest, and Foxwoods.
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