Indian Gaming > Mohegan Tribe reports drop in revenues in 2008

May 8, 2008

Mohegan Tribe reports drop in revenues in 2008

The Mohegan Tribe of Connecticut reported a drop in gaming revenues for the first three months of 2008.

The Mohegan Sun Casino took in $86.3 million in earnings during that time. That's $10.3 million less than the $96.8 million the casino in during the same period in 2007.

Mitchell Etess, the CEO and president of the Mohegan Tribal Gaming Authority, attributed the decline to a slowing economy, competition from Rhode Island and other expenses at the casino.

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Slump means less 'ka-ching' for the Sun (The New London Day 5/8)
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Mohegan Sun to trim work force as income levels drop (The Norwich Bulletin 5/8)
Mohegan Sun Earnings Slip (The Harford Courant 5/8)
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