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Mohegan Sun reports reduced October revenue

Hartford, Connecticut (AP) November 2010

The Mohegan Sun says revenue in October slid 4 percent as fewer gamblers visited the casino due to a drop in concerts.

The Indian-run casino in Uncasville said last week that revenue for the month was $60.3 million, down from $62.9 million in October 2009. It was the third consecutive month that revenue dropped.

Its contribution to the state was $15.4 million.

Mitchell Etess, Mohegan Sun’s president and CEO, said 28,000 fewer visitors came to the casino in October compared with the October 2009, a result of fewer concerts.

He said the Mohegan Sun has “limited control” over concerts that are scheduled only when musicians and entertainers are on the road.

Etess also said consumers, responding to the weak economy, continue to pull back on entertainment spending.




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