Mohegan Tribe reports big drop in gaming profits

Friday, August 1, 2008  

The Mohegan Tribe of Connecticut reported an 89 percent drop in its gaming income on Thursday.

The Mohegan Sun Casino earned $5 million in the last quarter, down from $45.6 million during the same time period last year.“We didn’t win as much as we normally do,” CEO Mitchell Etess said, The Norwich Bulletin reported.

Overall, gaming revenues were down 10.9 percent, table game revenues were down 25.4 percent and gross slots revenues were down 5.2 percent.

”There's no getting around it,” said Etess, The New London Day reported. “The results are not very good.”

The tribe is getting ready to open an expansion of the casino that cost nearly $1 billion.

Get the Story:
High rollers win big — Mohegan Sun official says 'bad luck' hits casinos bottom line (The Norwich Bulletin 8/1)
3rd quarter not much fun at Mohegan Sun (The New London Day 8/1)
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Mohegan Sun's Take At The Tables A Bust (The Hartford Courant 8/1)
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