Mohegan names Pineault president and CEO

Mohegan Gaming & Entertainment has announced the appointment of Ray Pineault as its new president and chief executive officer, effective immediately.

He had been acting as Interim CEO for since the end of March, when the tribal operator announced that his predecessor Mario Kontomerkos would be replaced.

Pineault’s rise has been rapid. Two years ago his responsibilities were limited to the flagship Mohegan Sun property. Then he was appointed to the newly-created post of regional president, with overall responsibility for three properties in the United States. Last summer he was promoted again to chief operating officer. Now the latest round of promotions puts him squarely in the top seat.

“I want to congratulate fellow tribal member Ray Pineault as he assumes the role of president and chief executive officer for Mohegan Gaming & Entertainment,” said James Gessner, Jr., chairman of the Mohegan Tribe and MGE Management Board. “We are tremendously lucky to have someone of Ray’s caliber, experience, and intellect taking on this role. His grasp of our organization and all its moving parts across nine worldwide properties is unmatched. Having someone with these abilities come from within our tribal membership makes this day all the more meaningful. Today is a proud day for the Mohegan Nation.”

Pineault himself added, “I have dedicated my career to ensuring the success of Mohegan Gaming & Entertainment, and I look forward to the immense growth, development, and accomplishments we will achieve in this next chapter together. I am grateful to the Mohegan Tribe for this opportunity and will work tirelessly to uphold our values and traditions, both here in the United States and in the communities around the world in which we operate.”

Mohegan’s main connections to the Asian market at present are two.

First of all, it has been building the Inspire Korea IR in Incheon, South Korea, since gaining a local license in 2016, although at latest word its opening has been delayed to around 2023. The price tag for Phase 1 of this project was originally set at about US$1.6 billion, with a US$5 billion budget overall in multiple phases.

The second connection is that Mohegan has partnered with Oshidori in a bid to build an IR in Nagasaki, Japan.

Bobby Soper, a former Mohegan CEO, has recently been brought in to lead Mohegan’s Asian expansion plans in both Korea and Japan.

Related Articles

Inspire Entertainment render

Mohegan seeing gradual recovery last quarter

U.S. tribal casino operator Mohegan Gaming and Entertainment has seen its U.S.-based properties continue to recover as the rate of vaccinations increases and states continue to ease some COVID-related restrictions.
Inspire Entertainment render

Mohegan’s Incheon theme park may face long delay/revision

Mohegan Gaming and Entertainment's planned outdoor theme park at its integrated resort in South Korea may face long delays and plans are being revised, local media reports.
Bobby Soper, Mohegan Sun

Interview with Bobby Soper: Expansion in Korea and hopes for Japan [video]

Bobby Soper, the newly appointed international president at Mohegan Sun, talks to Asia Gaming Brief about the group’s vision for its resort in Incheon, South Korea and aspirations for a license in Nagasaki, Japan. He says the group’s entertainment-focused, non-gaming model will help to cushion Mohegan from the notorious volatility in South Korea’s foreigner-only casino market.
Inspire Korea

Entertainment key to Inspire Korea

Mohegan Sun is confident that its entertainment-centric business model will help it succeed in South Korea’s notoriously volatile foreigner-only casino market. 

Korea a long-term positive for Mohegan, Moody’s says

Mohegan Sun's Inspire Entertainment Resort project in Incheon, South Korea, will be a long-term positive for the group, despite the risks, Moody's Investors Service said in a periodic review of the company's credit rating.

Mohegan gets extension for Inspire Korea, tweaks biz plan

Mohegan Sun's project in Incheon South Korea has received government approval for an extension to its construction deadline and tweaks to the business plan.

Bobby Soper to lead Mohegan’s Korea and Japan campaigns

Mohegan Gaming & Entertainment has announced that Bobby Soper has been appointed to the new role of International President, a role in which he will oversee all aspects of the firm’s efforts related to both the Inspire Korea Project in South Korea and the joint bid for an integrated resort license in Nagasaki with Oshidori International.
south korea, limbo, gambling

South Korea loses allure, leaving projects in limbo

South Korea, which attracted significant interest when it first opened for foreign investors, is now seen as holding limited appeal unless the government agrees to relax its stance on local gaming.
south korean, casinos, IRs

South Korean casino industry inches forward

South Korean IRs and casinos have received some positive news as companies try to recover from setbacks that were mainly the function of the Covid pandemic.

Oshidori teams with Mohegan to strengthen Nagasaki bid prospects

On deadline day for documents in Nagasaki’s RFP process, Mohegan Resorts and Entertainment has emerged as a partner for Hong Kong-listed Oshidori Holdings in what is shaping up to be Japan’s most hotly contested IR race.