OT: New Casino near the Rent?

[whaler11]

I assume you are talking a bout both resorts combined, because Mohegan's revenues have never been anywhere near $3 Billion. Be that as it may, you are correct in saying it is no conspiracy.

Because you can make the income statement say almost anything you want, the Statement of Cash Flows is a more informative tool. Mohegan still has a very healthy cash flow from operations (over $73 Million), but it is down from 2013 ($102 Million), way down from 2012 ($170 Million), and way, way, way down from 2007 ($250 Million). Of course, there are reasons for this (some tangible, some a little less, as is the case in any set of Financials). But at a glance, yes, Mohegan is comparatively hurting from just 2 years ago.

Yes that is both combined. Sun alone is sitting on 1.7 billion in long term debt.

You can see how bad it is at Mohegan. They had a quarter - but if you look at how they did it.... they just slashed expenses and have 1,300 fewer employees.

That's what you do when you don't have any other ideas.

 

[brasssbonanzaa]

Or shows. Or attractions. Like you said, it's all about that captive audience. I was looking to spend my birthday there. But not at $600 I'm not. That tells me there is still some demand.

What's the "show" at Foxwoods or Mohegan that's regular and runs all the time, a la a Cirque or other nightly entertainment show in Vegas? I was just at Mohegan this past Saturday, nothing was going on. It was relatively populated, but nothing at the arena, the Wolf's Den was closed and empty at 10:30 when I passed through, even their "club" outside of the poker room was barely half full. They've tried to respond to the trends in the industry, but are hurt by their awful location, and, as someone mentioned above, their vastly overbuilt gaming space.

 

[Husky25]

What's the "show" at Foxwoods or Mohegan that's regular and runs all the time, a la a Cirque or other nightly entertainment show in Vegas? I was just at Mohegan this past Saturday, nothing was going on. It was relatively populated, but nothing at the arena, the Wolf's Den was closed and empty at 10:30 when I passed through, even their "club" outside of the poker room was barely half full. They've tried to respond to the trends in the industry, but are hurt by their awful location, and, as someone mentioned above, their vastly overbuilt gaming space.

I call Male-Bovine Fecal-Matter.

Kenny Chesney was in the Arena last Friday and Saturday.

 

[brasssbonanzaa]

I call Male-Bovine Fecal-Matter.

Kenny Chesney was in the Arena last Friday and Saturday.

Could've fooled me, I didn't see a single person dressed in country attire or anything that made it seem like 10K people were coming or going from a concert.

 

[whaler11]

Could've fooled me, I didn't see a single person dressed in country attire or anything that made it seem like 10K people were coming or going from a concert.

So it didn't happen? If only they could get someone famous!

 

[Husky25]

Could've fooled me, I didn't see a single person dressed in country attire or anything that made it seem like 10K people were coming or going from a concert.

Maybe because they were...you know...in the arena?

In all seriousness, an entrance to the riverview garage is right next to the arena. They could have filed out of the building. I stayed at the Venetian last year but saw shows at three other hotels. You pretty much have to walk through the hotel lobby to get anywhere within those resorts.