Indian Gaming > Mohegan Tribe reports slight drop in earnings

May 06, 2005

Mohegan Tribe reports slight drop in earnings

The Mohegan Tribe of Connecticut reported a slight drop in casino earnings and an increase in operating expenses during the second quarter of 2005.

The tribe's core earnings were $80.4 million, a drop of 7.2 percent from the same quarter last year. Casino executives blamed the drop on a stormy winter and increased spending on advertising and promotions, The New London Day reported

The tribe's table games, though, saw a 4.8 percent increase to $81 million. The tribe's recent acquisition of a racetrack in Pennsylvania brought in $5.6 million.

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