Casino blames income drop on gambler luck

August 1, 2008 7:49:16 AM PDT
Mohegan Sun officials say the casino's net income in the third quarter dropped 89 percent compared with the same period last year, and they're placing some of the blame on gamblers' extraordinary luck.The Mohegan Tribal Gaming Authority reported net income of $5 million Thursday for the three months ending June 30.

Mitchell Etess, Mohegan Sun's president and chief executive officer, says the casino had an extremely long streak of bad luck.

Gamblers played about $611 million at table games during the quarter, a 6.4 percent increase. The casino kept about 11.6 percent of that gambling money, nearly 5 percent less than it did during last year's quarter.

Table game revenues dropped more than 25 percent to $75.3 million in the third quarter from the year-ago period.


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