New Casino Overcomes High Competition

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Last Monday, Ontario Lottery and Gaming announced that Mohegan Gaming and Entertainment will take over Niagara Falls’ two casinos sometime next summer. Mohegan Gaming and Entertainment runs 7 U.S. casino resorts and one in South Korea.

The company, based in Uncasville and owned by the Mohegan Tribe of Connecticut, employs 12 000 workers at its properties in Pennsylvania, Connecticut, Washington State, Atlantic City, N.J., Louisiana and Incheon and South Korea. This casino giant has a lots of offline and internet based properties for entertainment like sports betting at gambling360.

Mohegan chief executive officer Mario Kontomerkos said they operate the two properties in each of the respective markets and their success is due to the efforts and talents of their team members. He said that the employees of the two facilities in Niagara will be no different and they were not expecting any changes at the time.

Just like how some online casinos operate, about 4 200 full-time and part-time jobs at the two casinos are protected for at least a year after Mohegan takes control.

The 21-year deal will see Mohegan being paid by OLG to operate the two Niagara Falls casinos and a new entertainment centre that is due to open in June 2019. Kontomerkos said that more customers will be brought by the addition of more well-known shopping and restaurant brands. There are world-class concerts and entertainment programming too.

The agreement provides short-term security for Casino Niagara, a property is owned by Canadian Niagara Hotels and which opened in 1996.

OLG spokesman Tony Bitonti said that Mohegan is not allowed to close Casino Niagara or reduce the number of tables and slots for the duration of the current lease. The lease ends in 2025. Also, the deal won’t affect the share of the casino’s revenues that the City of Niagara receives each year. Last year, OLG gave the city about $26 million, which is more than what some aussie online pokies make per annum.

Niagara Falls MPP, Wayne Gates, said Mohegan was a very strong player in the North American gaming market. He noted that it owns the Connecticut Sun women’s pro basketball. It also owns the New England Black Wolves professional lacrosse team.