Mario Kontomerkos, president and chief executive officer of Mohegan Gaming and Entertainment, has announced that he will step down on March 31, 2021.
Kontomerkos, who took over as CEO from Bobby Soper in October 2017, has been at the forefront of the company’s international growth, which has included moves across Asia and into Europe.
The group’s Project Inspire in South Korea is scheduled to open in 2022, and a joint bid for an integrated resort licence in Nagasaki has been settled upon with Oshidori International Development Godogaisha.
Inspire Athens, the company’s planned integrated resort and casino development for Greece’s Hellinikon Project, was also approved.
Critical role in the organisation’s growth and success
James Gessner Jr, chairman of the Mohegan Tribe said: “During his tenure with the organisation, first as chief financial officer and more recently as CEO, Mario played a critical role in the growth and success of the organisation.
“We thank Mario for his many years of service to the Tribe and MGE, more recently navigating the company successfully through the ongoing global pandemic as well as a major refinancing earlier this year. We wish Mario all the best in his future endeavours and opportunities.”
Chief operating officer Ray Pineault will take over as temporary CEO in place of Kontomerkos, pending any requisite regulatory disclosures or approvals.
Gessner added:, “While we conduct a search for a new CEO, we are thankful for Tribal member and MGE COO Ray Pineault, who will assist as interim CEO.
“Ray has served his Tribe for over two decades in various roles and capacities, and we look forward to his continued guidance and experience as we search for a new corporate leader.”
Strategic transformation and expansion
Carol Anderson, MGE’s new chief financial officer, will bring a wealth of experience and expertise to her new position, which will require leading the business through a time of strategic transformation and expansion.
Gessner added: “Carol’s experience will be key in continuing to promote MGE as a worldwide industry leader in integrated resort entertainment and assisting to steer the organisation through this next chapter of development and growth. We are thrilled to have Carol join the MGE team to further support our efforts throughout the US and abroad.”