MGE Makes Historic Move in Niagara
Mohegan Gaming & Entertainment, as MGE is officially known, is about to assume control of Casino Niagara, Fallsview Casino Resort and the soon-to-open Niagara Falls Entertainment Centre. The deal will officially be closed on Tuesday 11 June 2019 and will be in place for the next 21 years.
MGE Management Breaks New Ground
The decision of the Ontario Lottery and Gaming Corporation, or OLG, to award the contract to this company came after a heated bidding war in 2018. In 2017 the OLG started to modernise its gambling facilities, and put the operating licences up for sale. Local leaders and US-based industry giants, including Caesars Entertainment Corporation and Hard Rock Café International, tendered impressive offers.
Ultimately the OLG chose MGE, for it potential to develop the gambling sector while contributing to community development at the same time. Their success at clinching the contract represents a new realm of opportunities for tribal gambling and casino operation across the whole of North America.
Both US-based and First Nation tribes have aspired to better casino operation recognition and opportunities for some time. This cause would be considerably furthered if MGE is able to drive profits up with its administration of the Niagara Gaming Bundle, paving the way for future partnerships.
Kevin Brown “Red Eagle”, Mohegan Tribe and MGE Management Board Chairman, said the procurement would advance economic and tourism development in the Niagara region, as well as advancing MGE.
MGE’s Plans for Niagara
The owner, developer and operator of integrated resorts in Connecticut where the federally recognised Mohegan tribe is based, Atlantic City, Washington, Louisiana, Pennsylvania and Northern Asia has plans to create dynamic experiences in Niagara. By combining gambling venues and the Entertainment Centre, they feel confident they can significantly increase visits to the region.
Partnering with several local stakeholders, including current Casino Niagara landlord Canadian Niagara Hotels, they also plan to create significant numbers of new jobs. Senior Vice President of Business Intelligence for MGE, Anthony Casdia, said his company is known for creating “all-encompassing entertainment destinations” and was excited to work with the City of Niagara Falls, OLG and other invested parties to bolster tourism.
Having operated one of the most successful US arenas over the past 15 years, the Mohegan Sun Arena, MGE is eager to bring their insights to bear on the Niagara Falls Entertainment Centre. If the partnership does boost economic prosperity for Niagara and MGE while also extending the general influence of tribal-based operators, as promised, this could be one of the rare win-win instances in life, where all parties benefit.