History
Further information: Mohegan Indians v. ConnecticutThe development of the Mohegan Sun began in 1992 with RJH Development and LMW Investments of Connecticut, and Slavik Suites Inc. proposed the idea of developing a casino with the Mohegan tribe. The three companies formed Trading Cove Associates (TCA), which provided the Mohegans with financial support, tribal attorneys, and advisers to assist in the tribe's effort to gain official recognition as a people. In March 1994 they gained federal recognition as a sovereign people, opening the way to develop a casino. Sol Kerzner, head of Kerzner International (formerly Sun International), became involved with a 50 percent interest in TCA. Waterford Gaming had the other 50 percent interest in TCA. The Mohegan Tribal Gaming Authority (MTGA) hired TCA to oversee development and construction of the casino.
The casino and resort first opened on October 12, 1996. In 2000, Trading Cove Associates gave complete control of the resort to the Mohegan tribe; TCA still receives a 5% dividend on the gross revenue generated by Mohegan Sun until 2014.
Read more about this topic: Mohegan Sun
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