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)
Advertisement
Tags
Search
More Headlines
Catawba Nation continues work on controversial casino in North Carolina
Gaming initiatives backed by tribal corporation faces uncertain future
Chuck Hoskin: Renewed gaming compacts ensure a brighter future for Oklahoma
Republican governor suffers another setback in dealings with tribes in Oklahoma
Cronkite News: Gila River hotels, casinos close for two weeks after worker death
Cronkite News: Curfew curtailing casinos? Don’t bet on it, owners say
'We are thrilled': Flandreau Santee Sioux Tribe hails victory for sovereignty
Tribes sue Trump administration after being excluded from coronavirus relief program
Donovan White: Standing up for Native Americans and Native American jobs
'Finally': Tribal gaming in line for coronavirus relief amid stiff competition for resources
Oregon tribes’ primary engines – casinos – stalled by COVID-19
Gaming initiatives backed by tribal corporation faces uncertain future
Chuck Hoskin: Renewed gaming compacts ensure a brighter future for Oklahoma
Republican governor suffers another setback in dealings with tribes in Oklahoma
Cronkite News: Gila River hotels, casinos close for two weeks after worker death
Cronkite News: Curfew curtailing casinos? Don’t bet on it, owners say
'We are thrilled': Flandreau Santee Sioux Tribe hails victory for sovereignty
Tribes sue Trump administration after being excluded from coronavirus relief program
Donovan White: Standing up for Native Americans and Native American jobs
'Finally': Tribal gaming in line for coronavirus relief amid stiff competition for resources
Oregon tribes’ primary engines – casinos – stalled by COVID-19
Indian Gaming Archive