The Mohegan Tribe of Connecticut is seeking partners to complete three big gaming projects.
The tribe needs to finish a hotel at Mohegan Sun on the reservation and a hotel at the Mohegan Sun at Pocono Downs in Pennsylvania. The tribe also wants to build a casino in western Massachusetts.
"We are committed to reduce our overall debt, and one way to do that is to enhance the overall property and revenues without putting a lot of our own capital in," Chairwoman Lynn Malerba told The New London Day of the tribe's new strategy.
The tribe has seen a decline in revenues at Mohegan Sun, prompting a series of cost reduction measures. The tribe has reduced money for government services but apparently hasn't cut per capita payments, according to Malerba.
Get the Story:
Mohegans seek partner to finish hotel tower
(The New London Day 12/4)
Connecticut
Mohegan Tribe wants partners for gaming projects
Friday, December 4, 2009
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