Revenues from the two properties was down 5.8 percent in the fourth quarter, with revenue from table games, slot machines, and non-gaming activities all down.
According to casino officials, the Mohegan Sun at Pocono Downs casino in Pennsylvania is performing well, but the Mohegan Sun casino in Connecticut is facing increased competition throughout the region.
“Our operating results for the quarter reflect a continuation of recent trends in revenues,” said Chief Executive Officer of the Authority Mitchell Grossinger Etess. “In response, we continue to be prudent in our marketing approach in order to optimize revenues and profitability and, in late September 2012, we began implementation of further cost saving initiatives at Mohegan Sun in order to align our operations with market conditions. We remain pleased with the performance of Mohegan Sun at Pocono Downs and the progress of Mohegan Gaming Advisors, including its recent management deal with Resorts Casino Hotel in Atlantic City.”