Thu, Sep 19, 7:37am by Staff Writer
Mohegan Gaming & Entertainment is set to become the first tribal casino operator on the Las Vegas Strip after entering into a multi-year agreement with JC Hospitality to manage the gaming space at Virgin Hotels Las Vegas when it opens next year.
Asgam reports the rebranded 1,500-room property will replace the current Hard Rock Hotel and Casino after it was purchased by billionaire Richard Branson in March.
Under its deal, Mohegan will operate the 60,000-square foot gaming floro upon completion of redevelopment and pending the company gaining regulatory approval by the Nevada Gaming Commission.
Mohegan operates flagship, Mohegan Sun, in Connecticut plus Mohegan Sun Pocono, Resorts Casino Hotel in Atlantic City and Ilani Resort in Washington.
It is also developing its first Asian integrated resort, Inspire, in South Korea and is actively preparing a bid for a second Asian property in Hokkaido, Japan.
“Aligning the MGE brand with Virgin Hotels Las Vegas extends our growing reach into yet another legendary global entertainment capital.”
“Together with Virgin Hotels, experience seekers all over the world will have the opportunity to partake in an extraordinary guest journey that only our strategic alliance can deliver,” said Mohegan’s chief executive officer, Mario Kontomerkos.
“Mohegan Gaming & Entertainment, as an extension of the Mohegan Tribe, pride themselves on traditional principles, in sync with modern values,” added Richard Bosworth, President and chief executive officer of Hard Rock Hotel & Casino owner JC Hospitality LLC.
“We are excited that Virgin Hotels Las Vegas will be their first entry in the Las Vegas market.”
The eight-month renovation of the property is set to begin in early February next year, with the relaunch expected before the turn of the 2021 calendar year.
Operator Of Mohegan Sun Plans Vegas Expansion https://t.co/GrU54NnIxc
— WTIC 1080 (@WTIC1080) September 17, 2019
Asia-based casino logistics provider TKHS Group has plans to increase its reach to other parts of the world, according to executive director Samuel Wilson.
“I see us really transforming from an Asia-centric company into a true global company,” Mr Wilson told GGR Asia in July.
That follows the firm’s debut in Australia, and its involvement in casino projects in Cyprus and a non-gaming development in California.
“We need to think what we need to do to get there,” he said, referring to global expansion.
“There are certain investments we need to do, and we need to get the right people in place. But that is really the direction I see it going in,” Mr Wilson added.
TKHS was established in 2013.
The firm is a logistics service provider for the gaming and hospitality industries, with offices in eight locations.
All save one are casino jurisdictions: Macau, the Philippines, Vietnam, mainland China, Hong Kong, South Korea, Australia and Singapore.
The group has about 200 staff; Macau, the Philippines and Australia are currently its main markets.
TKHS provides logistics management for both pre- and post-opening phases of casino properties.
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