Thursday, February 7, 2008

Breaking news....

Mohegan Sun income down 23.2 percent in first quarter of 2008 fiscal year

Casino official calls results "disappointing"

First quarter operating income at Mohegan Sun was down $16.9 million, or 23.2 percent, from the same time in 2006, a situation casino president and chief officer Mitchell Etess called "disappointing."

"The quarter was especially impacted by the December slot promotional activity at our competitor, which had a devastating impact on the Connecticut and New England market," Etess, who is also the president and chief officer of the Mohegan Tribal Gaming Authority, said in a statement in the authority's first quarter fiscal year 2008 report. "Trends in January and early February indicate that normal levels of promotional activity have resumed."

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