"Flat is the new up"

That's what a casino consultant told me recently. Looks like he was at least half right:

Mohegan, Conn. —There was movement in the second quarter earnings numbers released today by the Mohegan Tribal Gaming Authority.

But not much.

Gaming revenues were $355.9 million for a three-month period ending March 31, down 0.3 percent from the same period in 2007. Hotel, retail and entertainment revenues grew but so did the cost of marketing and other promotions.

Net revenues for Mohegan Sun and Pocono Downs for the quarter were $392.6 million, up 0.7 percent from second quarter 2007.