Mohegan Gains Control of Niagara Casinos
Tribal casino operator Mohegan Gaming & Entertainment is getting ready for its groundbreaking move in the Canadian casino industry. In no time at all, an official deal will be signed to allow the operator to assume management control over two of the nation’s largest casinos; Casino Niagara, and the Fallsview Casino Resort in Niagara Falls.
The so-called Niagara Gaming Bundle is also set to include the Niagara Falls Entertainment Center, which will enhance the experience for locals thanks to regular live performances from acclaimed artists. Last summer was a hot one indeed in the Ontario gaming industry, as three American operators vied to claim their share of the local industry by signing a deal for the elusive Gaming Bundle.
Ultimately, however, the Ontario Lottery and Gaming Corporation decided to revive the region’s gambling scene altogether, and launched a province-wide modernization process in 2017. The two aforementioned venues in Niagara Falls had their operational licenses up for sale, and nearly every local behemoth from Gateway Casinos & Entertainment to Great Canadian Gaming jostled for their proverbial slice of the pie.
Heated Bidding Process Concludes
In the meantime, international development and operational leaders like Mohegan Sun Incorporated, Hard Rock Café International, and Caesars Entertainment Corporation also sprung into action to bid on the bundle and break into the Canadian market. The bidding process kicked off in April 2017, and all of the participants were given time to assess the pros and cons of entering Canada along the way.
It should be noted that this month (June 2019) is the last remaining month on the contract for the 1996 Falls Management Group operational contract. 2018 saw heated bidding for the bundle that complicated things for local operators; although details were never revealed, it has been confirmed that US developers went all-out with their respective bids. Eventually, their Canadian counterparts could not keep up, and Mohegan Sun beat its competitors to the deal. As a result, the tribal operator will oversee operation at the two Niagara Falls casinos for the next 21 years.
Free Drinks in the Works
Last summer, concerns were also voiced over US management, as opponents feared that it would encourage Canadian players to favour American gaming locations. On the other hand, Mohegan’s success would open up decades’ worth of opportunities for tribal gambling across North America, as the First Nations and US tribes are striving for wider recognition in the gambling world.
In pursuit of this goal, Casino Niagara and Fallsview Casino Resort might soon offer free alcohol – at least according to Ontario’s Progressive Conservative 2019 budget. This will make the venues even more competitive, even to their local US rivals like the Seneca Nation of Indians’ Seneca Niagara Casino.