Scientific Game

Mario Kontomerkos to replace Bobby Soper as Mohegan Gaming CEO

Wednesday, 13 September 2017 05:58
Share
Visit us

US-based casino operator Mohegan Gaming & Entertainment (MGE), which is currently developing a US$1.6 billion integrated resort in Korea, has announced the appointment of Mario Kontomerkos as its new Chief Executive Officer, effective from 16 October.

Mr Kontomerkos, who replaces Bobby Soper in the top job following his resignation in February, will “oversee all day-to-day operations for MGE, including ongoing brand growth and continuing to ensure MGE delivers unmatched personalized services and memorable guest experiences,” the company said.

The 40-year-old has served as the Chief Financial Officer for MGE since September 2011.

“Having served as a Senior Executive for Mohegan Gaming & Entertainment for nearly six years, Mario has, in his role as Chief Financial Officer, actively supported Mohegan's development of new opportunities in the United States and abroad," said Kevin Brown, Chairman of the Mohegan Tribe and MGE management board. “Mario's knowledge and experience has kept us disciplined in our financial approach, competitive in the gaming and entertainment industry, and always cognizant of a business and management approach aligned with our tribal culture and the Mohegan way. We trust he will only further build MGE as a compelling, all-encompassing brand – solidifying MGE as an industry leader in integrated resort experiences around the world.”

Mr Kontomerkos told US media on Tuesday that he would continue to push the company’s rapid expansion plans, which has seen them grow their casino and IR portfolio from two to seven in the past five years – including its first major foreign investment in Korea. Dubbed Inspire, the project – located in the city of Incheon and one of three new integrated resorts scheduled to open for business by 2020 – will boast a 20,000 square meter casino with 250 gaming tables and 1,500 gaming machines as well as 1,350 hotel rooms, an indoor rainforest and adventure park plus a Paramount Studios theme park.

“Due to the incredible efforts of a very talented, dedicated and special group of people here at MGE, we have over the last five years quietly been part of an amazing turnaround story in our industry,” said Mr Kontomerkos.

“I am grateful to the Mohegan Tribe and the MGE team members for the opportunity to lead MGE into our next phase of growth.”  

Mr Kontomerkos has previously held key financial, research and analytical roles with a range of companies including Penn National Gaming, Magnetar Capital LLC, JP Morgan Securities, Lehman Brothers and PricewaterhouseCoopers LLP. He also served as a consultant for TPG Capital LLC on the acquisition of Harrah's Entertainment, the largest leveraged buyout in the history of the gaming industry.

Mr Kontomerkos’ appointment comes three months after the company changed its name from The Mohegan Tribal Gaming Authority in a move it said at the time better represented its “growing domestic and international portfolio of integrated resorts” while aligning the image of the brand with future expansion plans.

What's new

VIDEO: MGS Entertainment Show 2017

VIDEO: MGS Entertainment Show 2017 Inside Asian Gaming takes a visual look back at the highlights of MGS Entertainment Show 2017, held at the Venetian Macao from 14 to 16 November. Tuesday, 21 November 2017 07:21

China Star cites unfriendly operating environment for Hotel Lan Kwai Fong sale

China Star cites unfriendly operating environment for Hotel Lan Kwai Fong sale China Star Entertainment Limited has flagged government regulatory policies and expected “uphill challenges in the near future” as the primary reasons for selling Hotel Lan Kwai Fong, which is expected to be purchased by Golden Dragon group boss and former member of the Legislative Assembly, Cha... Tuesday, 21 November 2017 07:08
Macau press association accepted into International Federation of Journalists The Macau Portuguese and English Press Association (AIPIM) has been informed by the Secretariat of the International Federation of Journalists (IFJ) that it has been accepted as associate member of the International Federation of Journalists (IFJ) during a meeting of IFJ's Executive Committee, held ... Tuesday, 21 November 2017 06:33

Better late than never as The Venetian Macao celebrates 10 years

Better late than never as The Venetian Macao celebrates 10 years The Venetian Macao celebrated its 10th anniversary on Monday with a ceremony overlooking the outdoor lagoon and a gala dinner attended by officials from the Chinese Central and Macau governments. But it was forced to do so without Chairman and CEO Sheldon Adelson following a fall that saw him fract... Tuesday, 21 November 2017 06:09

Current Issue

Guiding light

Guiding light Mr Jay Chun, Chairman of MGS Entertainment Show organizer the Macau Gaming Equipment Manufacturers Association (MGEMA), discusses the birth of the MGEMA and how it plans to help shape Macau’s future ahead of the 5th anniversary of MGS. By Ben Blaschke       Ben Blaschke: The MGS Entertainm... Thursday, 26 October 2017 15:35

Macau satellite casinos: the more the merrier?

Macau satellite casinos: the more the merrier? MdME’s Rui Pinto Proença looks at the recent flurry of satellite casinos entering the Macau market and their apparent flouting of the “2008 Moratorium.”  By Rui Pinto Proenç As we enter the final stretch of 2017, it is clear that Macau will end the year with no additions to its portfolio ... Thursday, 26 October 2017 15:33

NOkada Manila

NOkada Manila Japan’s Universal Entertainment ousted founder Kazuo Okada earlier this year, prompting questions about the future of the integrated resort bearing his name and the company’s Japan casino ambitions. By Muhammad Cohen | Editor-at-Large After years of controversy, it all seemed to be coming toge... Thursday, 26 October 2017 15:31

Macau city brand strategy

Macau city brand strategy Professor Glenn McCartney explains the importance of developing a unique city brand strategy and why it can help Macau achieve true diversification when it comes to tourist appeal. By Professor Glenn McCartney The brand strategy of a city – from its vision and goals to the level of engagement wi... Thursday, 26 October 2017 15:27