The Mohegan Tribe of Connecticut reported a rise in income from its gaming operations over the last quarter.
Net income at Mohegan Sun in Connecticut and Mohegan Sun at Pocono Downs in Pennsylvania was $23.5 million. That's 366 percent higher than the same period in 2008.
"It's more attributable to how bad last year was as opposed to some mass turnaround in the market here,” Mohegan Tribal Gaming Authority CEO Mitchell Etess told The New London Day.
The tribe cut employee salaries and eliminated some management positions in response to the economic recession.
Get the Story:
Slot Decline Slows At Mohegan Sun
(The Hartford Courant 8/6)
Mohegan Sun reports jump in income (The Norwich Bulletin 8/6)
Sun's big gains a bit deceiving (The New London Day 8/6)
Connecticut
Mohegan Tribe reports boost in gaming income
Thursday, August 6, 2009
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