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Tilman Fertitta Agrees to Acquire Mohegan Sun Casino for $1.1 Billion
Businessman Tilman Fertitta, known for owning Landry’s hospitality group and the NBA’s Houston Rockets, has entered into an agreement to purchase the Mohegan Sun casino property. The $1.1 billion deal involves acquiring the casino and its related operations from the Mohegan Tribe, which currently owns and operates the facility in Connecticut. Fertitta has outlined plans to invest in the growth of the property, signaling intentions to potentially expand and rebrand the longstanding casino. This acquisition aligns with Fertitta's broader interests in hospitality and gaming, sectors where he has significant experience and existing operations. The Mohegan Tribe, which has operated Mohegan Sun for years, will transfer ownership as part of this transaction. The deal marks a significant shift in the ownership and future strategic direction of one of Connecticut’s largest gaming venues. Further details regarding the timeline for closing and specific expansion plans have not been disclosed.
Mohegan Tribe Sells Connecticut Sun WNBA Team to Tilman Fertitta for $300 Million
The Mohegan Tribal Gaming Authority has agreed to sell the Connecticut Sun, a Women’s National Basketball Association (WNBA) team, to Fertitta Entertainment, led by Houston Rockets owner Tilman Fertitta, for $300 million. The transaction, announced in September 2023, will keep the team based in Connecticut. Fertitta’s acquisition marks a significant investment in women’s professional basketball and expands his sports franchise portfolio. The Mohegan Tribe, previously the franchise owner, made this decision amid evolving business priorities. The deal underscores increasing valuation and private investment interest in WNBA teams, reflecting the league’s growing commercial appeal. This ownership transfer is subject to WNBA approval, consistent with league protocols.