Even though Moody’s Investors Service has downgraded the ratings of the Mohegan tribal casino operator on debt concerns, the tribe is expanding into New York with a casino in the Catskills.
The tribe plans on building a $600 million resort and it is scheduled to open in the spring of 2013. The NY casino is to include a 258-room hotel, a 75,000-square-foot casino with 2,100 video lottery terminals, up to 450 electronic table positions, five restaurants, retail space, harness race track, grandstand and simulcast, and 10,000 square feet of ballrooms and meeting space.
