The Mohegan Tribe of Connecticut reported a 40.1 percent decline profits at its gaming enterprise.
The tribe operates a casino on its reservation in Connecticut and a commercial facility in Pennsylvania. Second quarter profits at those facilities were $15.1 million, down from $25.2 million during the same period a year ago.
While profits were down, earnings were up 6.4 percent to $85 million. And the tribe successfully refinanced $1.6 billion in gaming debt during the second quarter.
Get the Story:
Mohegan Sun parent’s second-quarter profit down 40%
(The Norwich Bulletin 5/2)
MTGA posts favorable results for quarter
(The New London Day 5/2)
Mohegan Sun revenue falls 40 percent in 2nd quarter
(The New Haven Register 5/2)
Mohegan Completes Refinancing; Reports Improved Profits
(The Hartford Courant 5/1)
Connecticut
Mohegan Tribe reports a decline in gaming operation profits
Wednesday, May 2, 2012
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