When a company’s profits fall 89% year-over-year, management usually blames everyone but themselves. The same is true at Mohegan Sun Casino, but the specific explanation is a new one. CEO Mitchell Etess put down a poor Q2 to “bad luck.” WNBC:
Gamblers played about $611 million at table games during the quarter, a 6.4 per cent increase. The casino kept about 11.6 per cent of that gambling money, nearly 5 per cent less than it did during last year’s quarter.
Well, Mr. Etess (And Mohegan stakeholders), better luck next time!
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