Mohegan Tribe reports a decline in gaming operation profits

Wednesday, May 2, 2012  

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)