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Mohegan Tribe reports decline in casino revenue and profit


Filed Under: Connecticut
More on: connecticut, economy, mohegan, pennsylvania
   

The Mohegan Sun Casino, owned by the Mohegan Tribe of Connecticut. Photo from Facebook

The Mohegan Tribe of Connecticut is reporting a decline in revenue and profits at its gaming enterprise.

According to preliminary operating results, net revenues for the Mohegan Tribal Gaming Authority are expected to range between $310.3 million and $323.0 million for the quarter that ended March 31, 2014. That represents a 1 percent to 5 percent decline from the same quarter in 2013.

Gaming revenues are expected to range between $272.8 million and $284.0 million. That's a decline of between 3 percent to 6 percent.

Gross slot revenues are expected to range between $189.8 million and $197.5 million. That represents a 4 percent to 8 percent decline.

Table games revenues are expected to range between $80.5 million and $83.8 million. That's a decline of between 1 percent and 3 percent.

On the other hand, non-gaming revenues are expected to range between $59.3 million and $61.8 million. That's an increase of 7 percent to 12 percent.

The tribe operates Mohegan Sun, an Indian gaming facility, on its reservation in Connecticut and Mohegan Sun at Pocono Downs, a commercial facility, in Pennsylvania.

Get the Story:
Mohegan Sun Sees Declines in Gaming, Slots Revenue (The Wall Street Journal 4/21)

Also Today:
Keno’s repeal is no longer a sure bet in Connecticut (The Connecticut Mirror 4/21)

Related Stories:
Connecticut tribes see another decline in slot machine revenue (4/15)

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