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Latest Casino News:

Mohegan Sun delays $734 million expansion
Las Vegas Review-Journal, Monday, September 29, 2008 at 12:04:27 PM
The delay of a $734 million expansion at the Mohegan Sun casino in Connecticut says as much about the economic state of the gaming industry as the Aug. 1 announcement by Boyd Gaming Corp. that it was halting construction of the $4.8 billion Echelon.

Financially, all is not well.

Deutsche Bank analyst Andrew Zarnett thought the Mohegan Tribe made a wise move in pushing back construction of a 922-room hotel tower and House of Blues theater by at least a year. He had a similar reaction when Boyd put the brakes on Echelon.

"This suspension is likely to last longer due to deteriorating industry fundamentals along with the need to potentially redo bank and bond covenants," Zarnett told investors.
...read the rest
...details about Mohegan Sun Casino

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