A plan to be publicly aired tonight in Monticello, N.Y., calls for development of a $600 million casino resort near the same site where Mohegan Sun hopes to partner on a project that would include a casino, a hotel and a horse racing track.
The proposed resort would be built on the site of the former Concord Hotel, a famous Catskills landmark. The project Mohegan Sun is pursuing with Louis Cappelli, a Westchester County developer, is to be called the Mohegan Sun Concord.
The proposal being unveiled tonight is being pursued by Entertainment Properties Trust, which owns the site, and Empire Resorts, which operates the Monticello (N.Y.) Casino & Raceway. The Monticello facility would move from its current location to become part of the resort.
Entertainment Properties is controlled by Kien Huat, whose owner, KT Lim, is chairman of Genting Berhad, one of the largest gambling and resort companies in the world. Genting opened the World Resorts Casino at the racetrack in the Queens borough of New York City last year.
Cappelli has filed a lawsuit in federal court seeking to stop Entertainment Properties' proposal, The New York Times reported.