Mohegan Tribe To Own Stake in Atlantic City’s Resorts Casino

Atlantic City’s casinos have had a bad year – at least compared to Las Vegas establishments. The operators in the New Jersey city do the best they can to continue operation.

The New Jersey Casino Control Commission gave the Mohegan Indian tribe its approval to act as a new managing partner in the Resorts Casino. Resorts Casino will be the first Indian-owned casino in Atlantic City.

The Resorts was the first legal casino outside of Nevada. It opened its doors in 1978.

The Mohegan tribe (Not to be confused with the Mahicans, a different Native American tribe) already operates the Mohegan Sun, the second largest casino in the United States. They allegedly plan to get involved in online casinos in United States, too.

American gambling laws allow gambling on Native American Indian Reservations since 1987. Some Native American tribes managed to gain considerable wealth thanks to these regulations.

The Resorts and the Mohegan tribe have been partners in business for months, with the Native Americans providing business consultancy for the gambling establishment. The Native American casino company will now be controlling the day-to-day operations of the Resorts Casino for at least five years.

New Jersey Casino Control Commission Chairman Matthew Levinson told the Press of Atlantic City: “With our approval of this agreement, Mohegan will be able to implement policies and practices that have helped to make its Connecticut casino one of the most successful ever.”

Levinson added: “It is the first tribal casino to come into Atlantic City. We are excited to see the amount of people that would be following Mohegan Sun, that are already customers there, to see the Atlantic City that maybe some have not seen yet.”

A few days ago, another Native American tribe, the Seminoles changed their mind about building a casino in the New Jersey gambling destination, sources at American gambling news reported.