Page 13 - Ray Pineault News Today

Send U.S. casino group Mohegan Gaming and Entertainment expects that a luxury casino resort on the site of the former Athens airport will be ready by 2026, a top company executive said on Friday, giving a timeframe for the first time on development plans. The consortium of Mohegan and Greek construction group GEK Terna last year won a Greek tender for the construction and 30-year operation of the casino resort on the site of the former Hellenikon airport on the Athens seafront. The next steps i...

A luxury casino resort is expected to be created in Greece, at the spot of a former airport in Athens. Mohegan Gaming and Entertainment is the casino operator behind the project, a company based in the United States. This week, a company executive announced that the casino should be ready by 2026. The announcement is the first time that a time frame has been provided for the project. Moving Forward Mohegan Gaming and Entertainment and its partner construction group GEK Terna will be working tog...

Email* Submit Mohegan — Mohegan Gaming & Entertainment experienced an 11.5% decline in net revenue during the quarter that ended March 31, while Mohegan Sun’s year-over-year net revenue for the same period was up 3.7%, the company reported Thursday. MGE, the Mohegan Tribe’s global gaming enterprise, posted net revenue of $278.6 million in the quarter, down from $314.7 million in the same three months the previous year, during which the coronavirus pandemic struck. Comp...

Tribal casinos have sprouted up all over North America, but only one tribe has broken into the Las Vegas market.  Last month, Mohegan Gaming and Entertainment -- the business operation of the Mohegan Indian Tribe -- began operating its first local casino.  The Mohegan Sun Casino takes up almost all of the casino floor inside the new Virgin Hotels Las Vegas, which is the former Hard Rock Hotel.  Ray Pineault is the interim CEO and acting COO for Mohegan Gaming and Entertainment and has worked...

Published April 12. 2021 5:49PM  By When the Foxwoods Resort Casino opened in 1992, followed a few years later by the Mohegan Sun, the leaders of the federally recognized Mashantucket Pequot and Mohegan tribes realized that they did not have the skills and experience within their ranks to get these casinos on their feet. Both turned to those with gaming backgrounds. Funded by Chinese Malaysian investors, Foxwoods was led in its early years by G. Michael “Mickey” Brown. Sol Kerzner, a...

Mohegan Gaming & Entertainment Announces Leadership Changes Departure of Chief Executive Officer (CEO) Mario Kontomerkos and Appointment of Ray Pineault as Interim CEO and Carol Anderson as Chief Financial Officer News provided by Share this article UNCASVILLE, Conn., March 17, 2021 /PRNewswire/ --  Mohegan Gaming & Entertainment (MGE), developer of awe-inspiring integrated entertainment resorts (IER) worldwide, today announced that President and Chief Executive Officer Mario Kontomerkos will ...

Connecticut Gov. Ned Lamont’s chief of staff and the head of the Mashantucket Pequot Tribal Nation told state lawmakers Tuesday an agreement is near on a rewrite of gambling rules in Connecticut that would allow online gambling. “When it comes to the two tribal nations we are much closer with the Mohegans at this time,” said Paul Mounds, Lamont’s chief of staff. Rodney Butler, chairman of the ...

Negotiators for Gov. Ned Lamont and Foxwoods tribal owner say they are near agreement on gambling legislation.

Gov. Ned Lamont and the Mohegan tribal chair, who leads one of the states two federally...

Mohegan Sun sees boom after pandemic bubble, including online betting Alexander Soule FacebookTwitterEmail The NCAA’s “Bubbleville” logo in December 2020 at Mohegan Sun Arena in Uncasville, Conn. Mohegan Sun revenue dropped 31 percent in the year of COVID-19, besting the results for smaller Mohegan Gaming & Entertainment casinos in Pennsylvania and Ontario, Canada. (AP Photo/Jessica Hill)Jessica Hill / Associated Press In comments ranging from sports betting to its popular food buffets �...