Mohegan to end management agreement at Resorts Casino Hotel
The reason for the end of the assignment has yet to be confirmed.
At the end of 2024, Mohegan is set to end its management assignment at Resorts Casino Hotel in Atlantic City.
This partnership originally started in 2012 when Mohegan acquired a 10% ownership interest in Resorts and entered into a management agreement with Resorts Casino Hotel, becoming the first Native American-operated casino in Atlantic City.
Mohegan has described the partnership with the Bailey and Jerome families as something that has “significantly contributed to the evolution of the gaming and hospitality industry in Atlantic City.”
Even after this latest development, Mohegan will retain its 10% ownership interest in Resorts and through the end of December 2024 will remain as management partners.
Mohegan President & CEO Ray Pineault said, “We’re extremely proud of our relationship with Resorts Casino Hotel and what we have helped accomplish.
“We want to express our deepest gratitude to our Resorts team members, guests and the Atlantic City community for their support and dedication throughout our tenure as manager.”
Resorts Casino Hotel Owner, Morris Bailey, added: “Mohegan has been a valuable partner and we are grateful for their contribution to our success.
“We entered into a management agreement with Mohegan at a time when Resorts faced many operational, economic and market challenges. Mohegan brought stability and direction to Resorts by helping to assemble a stellar management team which will remain in place. We are happy that, with Mohegan’s help, Resorts has reached a point where it is able to operate independently.”
Recently, Kurt Shotzberger was appointed to the role of VP of Financial Planning & Analysis at Mohegan.
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