Mohegan Gaming & Entertainment has announced the promotion of Ray Pineault to the post of chief operating officer, pending regulatory approval.
Pineault had previously been the president and general manager of Mohegan Sun, and it was only about seven months ago that he assumed the newly-created post of regional president, with overall responsibility for three properties: the flagship Mohegan Sun in Connecticut, Mohegan Sun Pocono in Pennsylvania, and Paragon Casino Resort in Louisiana.
In his new role, Pineault will see his mandate spread to all nine properties in MGE’s portfolio, including the United States and Canada, as well as the Inspire project in Incheon, South Korea.
Mohegan President and CEO Mario Kontomerkos commented, “The entertainment industry has faced challenges this year due to the pandemic, but I am proud of the way our team members have stepped up and set MGE on a path of positive momentum, with strong performance across all properties since our reopenings. From the beginning, it has been our mission to build the best executive team in the industry, and I believe we are on our way to achieving that status with a veteran like Ray at the helm.”
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.