ATLANTIC CITY - Since last summer the Mohegan Tribe of Connecticut has studied
Atlantic City for potential opportunities for expanding their successful casino
operations. The tribe's Mohegan Sun Casino in Connecticut is earning $1.5
billion in annual revenues.
In July the Mohegan Tribal Gaming Authority invited a delegation of Atlantic
County officials to visit Connecticut and discuss the possibility of their
acquiring an Atlantic City casino. After months of research the tribe is
interested in buying the Tropicana, which is available for sale.
Last week the Tropicana owners announced a one year bank loan for $1.3 billion
to keep the company out of bankruptcy until it can sale the Tropicana. State
regulators have denied it a gaming license and a trustee for the casino must now
identify a new owner.
A spokesman for the Mohegan Tribal Gaming Authority, Jeffrey Hartmann, said he
has contacted the chairperson of the New Jersey Casino Control Commission about
the casino. "I think our brand is well-established with many of the customers
that visit Atlantic City today," Hartmann said. "We like the regulated
environment, and I think we can be a good addition to the Atlantic City market."
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