NJ OKs Mohegans’ bid to run AC’s Resorts

Published September 14, 2012 6:23pm ET



ATLANTIC CITY, N.J. (AP) — Absent from the Atlantic City casino market for more than 30 years, Native American tribes have recently turned a close eye on the seaside gambling resort, with two tribes taking very different paths.

On Friday, New Jersey regulators gave approval to the Mohegan Tribal Gaming Authority to run the day-to-day affairs of Resorts Casino Hotel and to buy 10 percent of the company. The decision came just two days after the Seminole Indians scrapped a plan to build a new “boutique” casino, citing the poor economy and cutthroat competition from gambling halls in neighboring states.

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