Wednesday, September 22, 2010

Mohegan Debt Placed On Review By Credit Agency

Feather News

The Mohegan Tribal Gaming Authority has been place under review by Moody's Investors Service for a possible credit downgrade "due to its inability to reduce its debt."

Yesterday's announcement by Moody's came on the same day that the Pennsylvania Gaming Control Board reported the first full month of table game revenues for casinos in that state.

The Mohegan Sun at Pocono Downs' table games revenue for the month of August was about $3.5 million before taking out Pennsylvania state taxes.