from today's The Day (CT) (8/22):
Moody's casts wary eye on local casinos
By Heather Allen
Published on 8/22/2008
"Coming on the heels of July's disappointing slot numbers, both local casinos received bad news Thursday afternoon, something they have had plenty of in recent months.
Just after noon Thursday, Moody's Investors Service announced that both the Mohegan Tribal Gaming Authority and the Mashantucket Pequot Tribal Nation would be put on review and could face a downgrade in their credit ratings.Increased competition in the Northeast gaming market coupled with a downturn in the economy have continued to plague the state's two tribally owned casinos.
Despite a brief uptick in slot earnings in May, both have reported disappointing slot revenue numbers in the last three quarters, or nine-month period, which appears to have contributed to the review." ...
for the complete story
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