Friday, January 28, 2011

Norwich Bulletin Erroneously Reports That Distributions To Mohegan Tribal Members Cut

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The Norwich Bulletin posted an article to their website today falsely stating that distributions to Mohegan tribal members were reduced. The headline of the article is "Mohegan Sun adds another adviser as 1Q profit rises, revenue falls: Distributions to tribal members cut 83.5 percent."

Aside from the erroneous headline, the article mentions that distributions to tribal members were reduced "substantially" and again in a sentence that reads, "Distributions to tribal members for the three months ended Dec. 31 were cut 83.5 percent to $4.5 million from $27.3 million a year earlier."

The reporter confuses yesterday's MTGA press release that stated the amount the Mohegan Tribal Gaming Authority distributed to the Tribal government during the months of October through December with the actual distributions to members.

The Bulletin posted another article later in the day entitled, "Mohegan Sun slashes tribal distribution," in which it reports, "Mohegan Sun announced that it has cut distributions to tribal members substantially and has hired an additional financial adviser ...."

See Norwich Bulletin article at: http://www.norwichbulletin.com/news/x517527081/Mohegan-Sun-adds-another-adviser-as-1Q-profit-rises-revenue-falls and at: http://www.norwichbulletin.com/news/business/x1868082662/Mohegan-Sun-slashes-tribal-distribution