The Mohegans listed declining revenue — net income dropped from $149 million in fiscal year 2008 to $9.7 million in fiscal year 2010 — and increasing competition from other gaming operations as key areas of concern.Remember, this is net income, not net profits. If Mohegan's only bringing in $9.7 million annually, there's no where close to any profits.
Sunday, January 02, 2011
Mohegan's Net Income Down to $9.7 Million Annual
Remember when people thought bringing casinos into Massachusetts was a good idea? Well, the company with well over a billion in debt is absolutely tanking... and this is the Connecticut 'model' of success, compared to Foxwoods.