Tribal company to manage NJ's Resorts casino

August 7, 2012 11:41:41 AM PDT
A Connecticut-based tribal gambling company is taking over the management of an Atlantic City's oldest casino.

Officials announced Tuesday that Mohegan Tribal Gaming Authority will be the new operator of Resorts Casino Hotel.

It's the first major foray for an American Indian-run firm into either of the United States' traditional gambling hotspots.

When it opened in 1978, Resorts was the first legal place to gamble in the U.S. outside of Las Vegas.

Like other casinos in the New Jersey resort city, it has struggled in recent years because of increased competition in nearby states.

Mohegan owns casinos in Connecticut and Pennsylvania.