The joint venture comes as a result of the Request for Applications from the New York State Gaming Commission to develop and operate up to three downstate casinos.
An extension of the Mohegan Tribe of Indians of Connecticut, Mohegan owns, develops and manages eight integrated entertainment resorts in the US, Canada, and Northern Asia.
“Mohegan is known for the wide array of extraordinary experiences and exceptional service we provide our guests – but it is truly our culture, values and commitment to our community that set us apart as an organisation,” said Mohegan CEO and President Ray Pineault.
“Our rich Mohegan heritage provides the foundation for how we operate our business and guides our commitment to our employees, our approach to guest services and our relationship with partners and the communities in which we operate and serve. We look forward to infusing our ‘Spirit of Aquai,’ our guiding philosophy, into New York State.”
The proposed Freedom Plaza plans to introduce the world’s first museum dedicated to the celebration of freedom and democracy, with the venue comprising an iconic Ferris Wheel, a 1,000+ room hotel and two residential towers which will work towards aiding the city’s housing shortage.
Soloviev Group Chairman Stefan Soloviev commented: “As a leader in socially responsible development, we will honour, complement and advance Mohegan’s principles through sustainable and carbon-neutral property development.
“This strategic partnership will not only ensure that Freedom Plaza will be ethically developed, but provide long-term economic prosperity for the local community, a positive impression on regional and international tourism, and a lasting impact on New York City for generations to come.”