Mohegan Sun has been planning for the future. Expanding its portfolio to include non-gambling amenities has been in progress for years, knowing that competition will soon increase in New England. Where else but at its flagship property in Uncasville, CT to introduce the latest expansion.
Mohegan Sun is expanding its convention space by building an $80 million exposition and convention center. According to Kenneth Gosselin of the Hartford Courant, “the 240,000-square-foot venue will open in the summer of 2018 and will help the tribe compete for larger tech industry shows, golf shows, home shows, motor sports and hunting and fishing shows. The convention and expo center also will allow Mohegan to expand shows already hosted by the casino such as Terrificon, the comic convention.” The expo and convention center also will include a ballroom, 18 meeting rooms, a boardroom with an outdoor terrace and kitchen.
“This new conference center will help us solidify Mohegan Sun as not just the premier conventions destination, but the premier resort in the Northeast region,” Mohegan Tribal Chairman Kevin Brown reported.
Expansion is nothing new to the Mohegan Tribe. Here is a history of its portfolio diversification:
- On January 25, 2005, Mohegan Sun acquired its first gaming venture outside of Connecticut with its $280 million purchase of the Pocono Downs Racetrack Pennsylvania. Mohegan Sun renamed the property “Mohegan Sun at Pocono Downs” and began a major expansion, operating the first slots casino in the state of Pennsylvania in November 2006.
- Project Horizon included the addition of a third casino before the project was terminated due to the recession in 2008
- In August 2012, the tribe announced an agreement to take over management of the Resorts Casino Hotel in Atlantic City, New Jersey
- In 2014, the tribe entered into franchise agreements with Smashburger, Arooga’s Grille & Sports Bar, Jersey Mike’s Subs and purchased a wood pellet production plant in Peebles, Ohio, from the Pennington Seed Company. Also in 2014, the Mohegan Tribe, under the subsidiary Mohegan Holding Company, founded KÔTA, a premium provider of digital technology solutions for copying; scanning; sending and managing and producing print, document workflow and visual communications–all from the industry’s most reputable manufacturers and vendors.
- The Earth Hotel was opened in November of 2016, adding over 300 rooms.
- Finally, Mohegan Gaming & Entertainment (MGE), headquartered in Uncasville, Connecticut announced late last week that the company plans to break ground on the Inspire Integrated Resort adjacent to the Incheon International Airport in South Korea before the end of the year. (2017)
New CEO of Mohegan Gaming & Entertainment Mario Kontomerkos said the company’s expansion from two properties to seven (including the joint casino venture with Foxwoods in East Windsor, CT) over the last half decade has been key to its emergence from a financial predicament following the Great Recession.
“Continued expansion of non-gaming facilities are definitely in our future,” Kontomerkos said.
Not to be forgotten us the agreement the Mohegan Tribe reached with the town of Preston for an ambitious plan to buy and redevelop the property on the Thames River for office, retail, entertainment, recreation and possibly housing. Construction would start within three years and be finished in five years. It is expected to set the offerings of the Mohegan Tribe apart from the rest of New England’s Casino/Resorts, as well as resurrect the town of Preston financially.
The future still looks bright for Mohegan Sun.