Mohegan Sun enters New Jersey's online casino market this week with a real-money gambling website, Mohegansun.com
Mohegan Sun, created in 1996 by the Mohegan Tribe of Connecticut, is one of the largest casino resorts on the East Coast, with 10,000 employees, 6,500 slot machines, 377 table games and race book. Income from operations was nearly $50 million in the first quarter.
So, why is a bricks-and-mortar casino as enormous and well known as Mohegan moving to Atlantic City, at least virtually?
"We are a growing company and the online gaming platform is a progression of where gaming, or at least a segment of gaming, is going,"said Mohegan Tribal Gaming Authority President Bobby Soper, in a "Power Lunch" interview on CNBC Wednesday.
Mohegansun.com offers casino slots and video poker via the Web and will soon offer products on the App Store and Android. It expects to generate an estimated $800,000 in monthly revenue by the end of 2015.