Company: Mohegan Gaming & Entertainment
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.
In the April-June 2019 period, revenues edged up only slightly for Mohegan Gaming & Entertainment, rising 0.8% year-on-year to US$347.6 million, according to a report from the company.
Even while the pro-IR political momentum in Hokkaido appears to have stalled, Mohegan Gaming & Entertainment is moving forward with its plans to bid for a Tomakomai IR, outlining its plans in a release to the Japanese media at the end of June.
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.
US casino operator Mohegan Gaming & Entertainment last Thursday reported a year-on-year decrease in net revenue and adjusted EBITDA for the October-December 2018, according to the company’s latest results filing.
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.
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.