The Mohegan Tribe of Connecticut reported a 10 percent drop in gaming revenues for the quarter that ended in December 2008.
Overall revenues at Mohegan Sun fell 10 percent, with slot machines seeing a 7 percent dip and table games dropping by 21 percent. Gamblers spent 5 percent less at the facility, which fell victim to the downturn in the national economy last year.
"Clearly we're not pleased with our operating results," said chief executive Mitchell Etess , The Harford Courant reported.
The tribe suspended a major expansion project and has cut salaries casino employees.
Get the Story:
Mohegan Authority Reports Quarterly Loss
(The Hartford Courant 1/30)
Mohegans report gaming revenue drop (The Norwich Bulletin 1/30)
Mohegan Sun is dealt a bad hand (The New London Day 1/30)
As economy shrinks, savvy marketing helps keep Foxwoods, Sun afloat (The Norwich Bulletin 1/30)
Connecticut
Mohegan Tribe reports drop in gaming revenues
Friday, January 30, 2009
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