The Mohegan Tribal Gaming Authority announced Wednesday that it had partnered with one of the six applicants attempting to be awarded the license to operate a second Philadelphia casino.
Mohegan Tribal Gaming Authority already owns the Mohegan Sun at Pocono Downs casino and racetrack in Plains Township and its flagship casino in Uncasville, Conn. and manages and owns part of Resorts Casino Hotel in Atlantic City.
Mike Bean, the general manager of the local Mohegan Sun property, said the announcement has no bearing on the local Mohegan Sun facility but if the state’s gaming board awards the license to the applicant, Market East Associates, L.P., Mohegan Sun players club card holders could see cross promotions.
“(Any impacts) would only be in a positive manner,” Bean said.
The proposed casino, dubbed “MARKET8,” would be located at 8th and Market streets in center city Philadelphia.
The six applicants for the second Philadelphia casino license, according to the Philadelphia Inquirer, include Philadelphia developer Bart Blatstein, Las Vegas casino owner Steve Wynn, businessman Joseph Procacci, a partnership between Greenwood Gaming and Entertainment Inc. (owner of Parx) and Cordish Cos. (owner of Maryland Live!), and gaming company Penn National Gaming Inc. (owner of the Hollywood Casino brand).
Each of the applicants will make their presentations Tuesday to the seven-member gaming board, starting at 9 a.m., at the Pennsylvania Convention Center in Philadelphia.
Among those spearheading the casino and entertainment project’s development is Ken Goldenberg of The Goldenberg Group.
“Market Street East selected ‘MARKET8’ as its new name because of the iconic nature of the 8th & Market Street location. At one point, it was the busiest retail intersection in America. Today it sits midway between the Pennsylvania
Convention Center and the convention center hotels on the one hand, and Olde City and the historic district on the other hand, Goldenberg said.
It is immediately across the street from the largest concentration of retail in Philadelphia and from Philadelphia’s vibrant and historic Chinatown. It is at the only place in Philadelphia that the New Jersey PATCO line and Philadelphia’s SEPTA system connect. And it is the proposed site for the Amtrak high-speed line that will situate Philadelphia only 37 minutes from New York City, Goldenberg added. Accordingly, there is no more strategic location in Philadelphia or the region.”
“Mohegan is one of the nation’s top entertainment and gaming destination operators,” said Goldenberg, “and we couldn’t be more excited about teaming up with them for the sake of developing a world-class gaming and entertainment project at this premier location.
By bringing Mohegan Sun on as a partner, Bean said Market East Associates, L.P. will get Mohegan’s expertise on the state’s gaming environment, regulations, and established marketing
“There is no doubt that Mohegan Sun is a perfect fit with Market East Associates and the 8th and Market project,” said Bruce ‘Two Dogs’ Bozsum, chairman of the Mohegan Tribe. “Over the past 16 years we have established ourselves as leaders and experts in exciting destination creation – and the 8th and Market site in Philadelphia, at the center of Philadelphia’s business, retail, convention center, hotel and historic district, is a premier location for our next success.”