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Mohegan Sun Delays Expansion

Following news that the Foxwoods Casino Resort of New Haven would be axing some seven hundred employees this month, Connecticut’s other tribal-run gambling establishment announced that they would be putting off the final steps of their almost one billion dollar expansion, in an effort to save money. The Mohegan Sun of Uncasville will not be opening their huge expansion two years from now, as was formerly planned. The tribe has suspended the building of their new, thirty-nine story hotel, House of Blues restaurant and concert hall, spa, and retail/dining space. The total budget for the project had been set at nine hundred twenty-five million dollars, seven hundred thirty-four million of which as yet to be shelled out by the Mohegan tribe.

Mitchell Etess tried to soothe the undoubtedly jangled nerves of Mohegan Sun employees that the casino had no plans to conduct layoffs en masse, in the way that the Foxwoods announced it would do this week. The chief executive officer and president of the casino stated that the Sun had gradually dispensed with between five hundred and six hundred jobs through attrition throughout 2008, and had no plans to cut anymore.

The Mohegan Sun’s slot machines have really taken a hit. Apparently, the Sun’s slot game revenue has dipped by almost fifteen percent. It’s been a particularly cruel summer for the Mohegan Sun; the warmest months of 2007 saw record amounts of money being channeled into the slot machines.

Foxwoods has seen a decrease of over three percent on its slot games – a two million dollar difference.

Back to October 2008 Archive.