{"id":151595,"date":"2020-10-09T05:07:44","date_gmt":"2020-10-09T12:07:44","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=151595"},"modified":"2020-10-09T07:32:05","modified_gmt":"2020-10-09T14:32:05","slug":"mohegan-gaming-nevada-license-approved-by-regulators","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mohegan-gaming-nevada-license-approved-by-regulators\/","title":{"rendered":"MGE Nevada License Approved by Regulators, Set to Become First Tribal Operator in Las Vegas"},"content":{"rendered":"

The Nevada Gaming Control Board (NGCB) unanimously recommended licensing approval for Mohegan Gaming and Entertainment (MGE), along with a dozen of its executives and tribal officers, in a two-hour hearing on Wednesday.<\/p>\n

\"MOHEGAN\"
MGE is expected to become the first tribal operator to run a casino in Las Vegas following the gaming commission\u2019s decision in two weeks\u2019 time. (Image: Virgin Hotels)<\/figcaption><\/figure>\n

Should the gaming commission (NGC) ratify the board\u2019s decision as expected in two weeks\u2019 time, MGE will become the first tribal gaming outfit to hold a license in the Silver State and the first to run a casino in Las Vegas.<\/p>\n

MGE is the business development wing of the Mohegan tribe of Connecticut.<\/p>\n

MGE will operate the Virgin Las Vegas<\/a>, formerly the Hard Rock Las Vegas. New owners Virgin Hotels and Juniper Capital Partners have completed their $200 million revamp of the property and hope to open in January 2021. The opening date has been bumped from this fall because of the coronavirus pandemic.<\/p>\n

Spirit of Aquai <\/strong><\/h2>\n

The board heard that the tribe\u2019s goal is to be the most transparent tribal operator in the US. MGE strives to embrace the \u201cSpirit of Aquai\u201d \u2013 \u201ca centuries-old guiding philosophy that encourages a warm and welcoming atmosphere, passionate and dedicated employees based on mutual respect, providing outstanding service that goes above the beyond, and building productive long-term relationships,\u201d according to the Las Vegas Review-Journal.<\/em><\/p>\n

The board was suitably impressed. But it\u2019s money that talks, and so it was also pleased to hear about the steady flow of funding into the project from the Mohegan tribe, especially during the pandemic.<\/p>\n

Greece-ing the Brakes<\/strong><\/h2>\n

Meanwhile, money was also doing the talking for MGE this week in Greece. The Hellenic Gaming Association announced the operator had submitted a \u20ac150 million ($177 million USD) bid for the sole casino license for the \u20ac8 billion ($9.4 billion USD) Hellinikon resort project<\/a> on the site of Athens\u2019 former international airport.<\/p>\n

MGE won a bidding war against the Seminole tribe\u2019s Hard Rock International by default. Hard Rock was excluded from the process on a technicality after documents submitted failed to meet the financing criteria.<\/p>\n

\n

Last month, Greece\u2019s highest court, the Council of State, rejected Hard Rock\u2019s challenge of the decision, paving the way for MGE to negotiate the terms of the 30-year casino license. \u00a0<\/strong><\/p>\n<\/div>\n

MGE\u2019s offer of \u20ac150 million this week is five times the minimum \u20ac30 million ($35 million USD), which will put it in an advantageous position for negotiation from the get-go.<\/p>\n

MGE and its local construction partner have said they are ready to break ground on the project as soon as they get the green light.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nevada Gaming Control Board (NGCB) unanimously recommended licensing approval for Mohegan Gaming and Entertainment (MGE), along with a dozen of its executives and tribal officers, in a two-hour hearing on Wednesday. Should the gaming commission (NGC) ratify the board\u2019s decision as expected in two weeks\u2019 time, MGE will become the first tribal gaming outfit […]<\/p>\n","protected":false},"author":36,"featured_media":151596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18456],"tags":[],"acf":[],"yoast_head":"\nMohegan Gaming Nevada License Approved by Regulators<\/title>\n<meta name=\"description\" content=\"Mohegan Gaming (MGE) to become first tribal operator in Las Vegas in Virgin Las Vegas. 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Also makes bid for Hellinikon license.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mohegan-gaming-nevada-license-approved-by-regulators\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-09T12:07:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-09T14:32:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/mohegan-sun.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mohegan-gaming-nevada-license-approved-by-regulators\/\",\"url\":\"https:\/\/www.casino.org\/news\/mohegan-gaming-nevada-license-approved-by-regulators\/\",\"name\":\"Mohegan Gaming Nevada License Approved by Regulators\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mohegan-gaming-nevada-license-approved-by-regulators\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mohegan-gaming-nevada-license-approved-by-regulators\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/10\/mohegan-sun.jpg\",\"datePublished\":\"2020-10-09T12:07:44+00:00\",\"dateModified\":\"2020-10-09T14:32:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Mohegan Gaming (MGE) to become first tribal operator in Las Vegas in Virgin Las Vegas. 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