The Mohegan Tribe of Connecticut is reporting a decline in revenue and profits at its gaming enterprise.
According to preliminary operating results, net revenues for the Mohegan Tribal Gaming Authority are expected to range between $310.3 million and $323.0 million for the quarter that ended March 31, 2014. That represents a 1 percent to 5 percent decline from the same quarter in 2013.
Gaming revenues are expected to range between $272.8 million and $284.0 million. That's a decline of between 3 percent to 6 percent.
Gross slot revenues are expected to range between $189.8 million and $197.5 million. That represents a 4 percent to 8 percent decline.
Table games revenues are expected to range between $80.5 million and $83.8 million. That's a decline of between 1 percent and 3 percent.
On the other hand, non-gaming revenues are expected to range between $59.3 million and $61.8 million. That's an increase of 7 percent to 12 percent.
The tribe operates Mohegan Sun, an Indian gaming facility, on its reservation in Connecticut and Mohegan Sun at Pocono
Downs, a commercial facility, in Pennsylvania.
Get the Story:
Mohegan Sun Sees Declines in Gaming, Slots Revenue
(The Wall Street Journal 4/21)
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