Reporting David Madden
Filed underBusiness & Economy, Heard On, Leisure, Local, New Jersey, News, Syndicated Local, Tourism, Watch + Listen
By David Madden
ATLANTIC CITY, N.J. (CBS) — Resorts Casino in Atlantic City, NJ has a new managing partner: the Mohegan Indian tribe.
New Jersey regulators have approved their new role. The tribe, which owns casinos in the Poconos and in Connecticut, now has a 10-percent stake in Atlantic City’s first gambling hall.
“It’s the first tribal casino to come into Atlantic City,” said Matt Levinson, chairman of the New Jersey Casino Control Commission. “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 haven’t seen yet.”
The Mohegan group has been consulting at Resorts for the last couple of months. The tribe will have to apply for what’s called a “casino service industry enterprise license,” akin to a full-blown ownership license.
Regulators earlier in the week granted environmental permits that will pave the way for a “Margaritaville” complex to be built across from Resorts, where the Steeplechase Pier once stood.
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