The Mohegan Tribe of Connecticut says it will likely reduce per capita payments to its members next year amid continuing declines in revenue and profit.
The tribe distributes a reported $90,000 to $120,000 a year to each of its members. This year's total payment is expected to reach $59 million.
But with profits in the last quarter down by 51 percent and revenues in a slump, next year's payments won't be as large. "I think I can safely say it will be less than the current year," Leo Chupaska, a gaming official, said on a conference call, The New London Day reported.
The Mashantucket Pequot Tribal
Nation, also in Connecticut, has decided to eliminate per capita payments altogether.
Get the Story:
Casino marks 'disappointing' quarter
(The New London Day 7/30)
Mohegan Sun upbeat despite down profit (The Norwich Bulletin 7/30)
Mohegan Sun Has Cut Workforce By 1,000 Since Early '09 (The Hartford Courant 7/30)
Connecticut
Mohegan Tribe expects to cut back on casino per capita payments
Friday, July 30, 2010
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