Casinos' slots revenue down in January
By Brian Hallenbeck
Published 02/15/2011 12:00
Sizable declines were expected, given the month’s severe weather, some of which affected weekend traffic.
“Despite the record-setting snowfall, we were still able to achieve consistently high visitation and (hotel) occupancy, as well as sell out a number of our shows throughout the month,” Scott Butera, Foxwoods’ president and chief executive officer, said in a statement. “We are pleased with our results …”
Foxwoods Resort Casino, including MGM Grand at Foxwoods, “won,” or kept, $48.5 million wagered on its machines, while Mohegan Sun kept $54.5 million wagered on its machines. Foxwoods, the Mashantucket Pequot-owned compex marking its 19th anniversary today, sent $12.7 million of its win to the state. Mohegan Sun, owned by the Mohegan Tribe, anted up $14.3 million.
EDITORIAL FOOTNOTE: The other day, a Mohegan Tribal Member, told me that the financial problems, that the Mohegans find themselves in, was caused by past Mohegan Tribal Councils.
I couldn't believe that this well educated person, actually believed what he was saying. It couldn't be further from the facts. I reminded him the M.B. was had voted for most of the things that got us in this situation.
Who voted for the expansion, Phase Two (Sky Casino and Mohegan Sun Hotel), that went over budget? Was it M.B.?
Who voted to purchase Pocono Downs? Was it M.B. and B.B.?
Who voted for the permanent facility at Pocono Downs? Could it have been B.B., L.M., J.G., A.J., M.B., W.Q., and C.H.?
Who voted to spend money in Wisconsin and Washington State?
Who voted to build the Mohegan Government Community Center with the financing allegedly not in place? Was it M.B., B.B., L.M., J.G., A.J., T.H., W.Q. and C.H.?
Who voted to build a hotel, that is presently a hole in the ground? Was it L.M., B.B., M.B., J.G., A.J., T.H., W.Q. and C.H.?
Who was responsible for not taking the put on the Pocono Downs deal?
Who is responsible for taking the loan from the Federal Government, for the Mohegan Tribal Government Community Center? Do the majority of the Mohegan Tribe want this building? Is it going to cause cut backs in Mohegan Tribal member benefits? How is this going to be paid back? What do you think?
Who is causing the alleged cut backs, that the Mohegan Tribe is enduring?
Is it past Mohegan Tribal Councils, who caused the situation the tribe finds itself in? Is it because of the actions of the present Tribal Council? What do you think?
HOW MUCH IN BUSINESS DOWN AT THE CASINOS IN CONNECTICUT? OVER THE YEARS, IS IT OVER 20%? ........ YES....
ONE THING THE MOHEGAN TRIBAL MEMBER SAID, THAT I KIND OF AGREE WITH, WAS THAT THE TRIBAL COUNCILORS DON'T HAVE ENOUGH EDUCATION FOR THEIR JOBS. .... HE IS RIGHT....
How many decisions, does the MTGA make, based on the Mohegan Sun management's recommendations? What do you think?
What cut backs are the Mohegan Tribal Council and the Council of Elders doing to themselves? Do you know of any? Should they take cut backs before asking cut backs of the Mohegan People? What do you think?
How many bad business decisions are the fault of Mohegan Sun management and the MTGA (Mohegan Tribal Gaming Authority)? Was it past MTGA's? IS IT THE PRESENT MTGA? What do you think?