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Mohegan Gaming & Entertainment announced it will end its management assignment at Resorts Casino Hotel at the end of 2024. Resorts was the first Native American-run casino in Atlantic City and Mohegan purchased a 10-percent ownership interest in 2012.
Mohegan will keep its 10-percent stake in Resorts.
"We’re extremely proud of our relationship with Resorts Casino Hotel and what we have helped accomplish," said Mohegan Gaming & Entertainment president and CEO Ray Pineault. "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 was the city's first casino hotel when it opened in 1978.
"Mohegan has been a valuable partner, and we are grateful for their contribution to our success," said Resorts owner Morris Bailey. "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."
Mohegan Gaming & Entertaining is based in Uncasville, Connecticut, which is the home of its primary casino Mohegan Sun. The group also owns casinos in Las Vegas, Niagara Falls, Pennsylvania, Washington state, and South Korea.
Mohegan said it will stay as managers through the end of December and will help in the transition to new management.
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