Mario Kontomerkos, chief executive officer for Montville-headquartered Mohegan Gaming & Entertainment (MGE), has expressed hope that the integrated resorts market will bounce back quickly from the impact of the COVID-19 pandemic.
In a recent interview, Kontomerkos acknowledged that gaming and hospitality industry has been predominantly hard hit by the corona virus pandemic, but stressed that it will rebound quickly as it is typically the last to go and the first to return.
When asked if the gaming will rebound quickly or face troubles ahead, Kontomerkos said, “Our legacy is the Mohegan tribe. They’ve been here for over 400 years. They’re going to be here for another 400 years. It’s an entertainment business at its core, and it’s typically the last to go and the first to come back.”
Putting weight to his point of view, Kontomerkos said that the corona virus-induced closure period of nearly three months was quite uncertain, but since reopening of four of Mohegan Gaming & Entertainment’s seven integrated resorts, the company has enjoyed a strong recovery. In a filing with the regulatory body SEC, the company notified that its revenues were trending 10% higher than last year.
Speaking about new health safety precautions and measures, he said that MGE had been implementing all of the health safety measures and protocols issued by federal and state authorities, adding that the company’s board of directors gave directions for developing and implementing the highest health safety standards in the industry and they eagerly did.
Providing details of the company’s efforts to fight back potential risk of corona virus pandemic, he explained that the company’s gaming and entertainment properties made arrangements for thermal temperature screenings of all team members as well as guests; implemented ultraviolet (UV)-light air handlers to kill harmful bacteria in the air; sanitized each and every room and part of the property; installed Plexiglas dividers at gaming tables, hotel check-ins and beverage stations.
In a bid help maintain proper social distancing, the company’s casinos curtailed capacity by 50% at slots and table games. In addition, the casinos have made facial coverings mandatory for team members and guests right from their reopening following the corona virus pandemic-induced 75-day shutdown.
MGE is a master developer and operator of premier global integrated resorts, including Mohegan Sun in Uncasville. It develops, owns and operates integrated resorts in a number of US states, such as Connecticut, New Jersey, Louisiana, and Washington.