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: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Friday, 15 June 2018 07:18

SJM director Angela Leong registers six Macau trademarks ahead of Cotai IR launch

SJM director Angela Leong registers six Macau trademarks ahead of Cotai IR launch Macau Theme Park and Resort Limited – a company controlled by SJM Co-Chairman and Executive Director Angela Leong – has registered six new Macau trademarks, most likely to be incorporated into SJM’s under-construction Cotai integrated resort Grand Lisboa Palace. According to a report by Macau... Friday, 15 June 2018 07:16

French Republic bestows Chevalier de L’Ordre National de la Légion d’Honneur on Pansy Ho

French Republic bestows Chevalier de L’Ordre National de la Légion d’Honneur on Pansy Ho MGM China Co-Chairperson and Executive Director Pansy Ho has been bestowed the Chevalier de L’Ordre National de la Légion d’Honneur by the French President for her contribution in promoting French-Chinese trade, tourism, arts and cultural cooperation and exchange. The L’Ordre National de la ... Friday, 15 June 2018 06:57

Lawrence Ho doubles down on US$10 billion Japan pledge

Lawrence Ho doubles down on US$10 billion Japan pledge Melco Resorts Chairman and CEO Lawrence Ho has reaffirmed his commitment to invest more than US$10 billion into a Japan integrated resort should his company win one of the three casino licenses on offer under the country’s IR legislation. Speaking to media ahead of the opening of Melco’s US$1 b... Friday, 15 June 2018 06:29

Current Issue

Tribal Ambition

Tribal Ambition By Muhammad Cohen and Ben Blaschke   Mohegan Gaming and Entertainment CEO Mario Kontomerkos believes the Native American casino operator has two aces in the hole for Japan, especially when it comes to the so-called regional markets beyond major areas. In his presentation at last month’s Japan ... Monday, 04 June 2018 20:55

Social Gathering

Social Gathering By Shaun McCamley   Social casino gaming is booming. In 2017, the global social gaming industry generated a whopping US$106 billion in revenues, with the social casino segment generating US$4.5 billion in revenues. Not surprisingly China, Japan and Korea generated 90% of the games revenue in the... Monday, 04 June 2018 20:44

Redefining Tourism

Redefining Tourism By Muhammad Cohen   In an era when tourism constitutes a growing portion of the global economy, integrated resorts present a potent although frequently misunderstood means for growing visitor arrivals and revenue. It’s not simply the casino but their range of attractions that make IRs such powe... Monday, 04 June 2018 20:37

Japan IR Timeline

Japan IR Timeline By Ben Blaschke   What year for Japan’s first IR? It’s a question that continues to divide industry stakeholders, the answer further clouded by the substantial disparity in opinion offered at last month’s Japan Gaming Congress (JgC) in Tokyo. At the nearer end of the scale, members of the... Monday, 04 June 2018 20:27