Facing increasingly crowded Northeast markets, Foxwoods and Mohegan Sun look overseas to grow Stephen Singer, Hartford Courant © Photo by Brad Horrigan | bhorrigan@courant.com/Hartford Courant/TNS A Foxwoods employee cleans the floor in preparation of the casino and resort s June 1st opening.
With competition crowding out opportunities for growth in the Northeast, Connecticut’s two casinos are broadening their horizons overseas in search of new markets.
Mohegan Sun is seeking to operate in Japan and Foxwoods is opening a casino in Puerto Rico.
Oshidori International Development Godogaisha, a Japanese company established to develop a casino resort in Nagasaki, and Mohegan Gaming and Entertainment announced in late January a partnership for a joint bid for a resort license in Nagasaki.
Facing increasingly crowded Northeast markets, Foxwoods and Mohegan Sun look overseas to grow
columbian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from columbian.com Daily Mail and Mail on Sunday newspapers.
Facing increasingly crowded Northeast markets, Foxwoods and Mohegan Sun look overseas to grow
courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
Moody’s Investors Service weighed in on southeastern Connecticut’s gaming tribes late last week, upgrading the Mohegans’ financial rating to “stable,” and attaching a “limited default” designation to the Mashantucket Pequots’ debt after the tribe secured a loan extension.
The tribes, respective owners of Mohegan Sun and Foxwoods Resort Casino, have faced severe financial pressures in recent months due to the COVID-19 pandemic’s impact on their businesses.
Moody’s upped the Mohegan Tribal Gaming Authority’s corporate family bond rating to “Caa1” from “Caa2” and its probability-of-default rating to “Caa1-PD” from “Caa2-PD.” The agency affirmed its “B1” rating on Mohegan’s first-lien revolver loan and its “Caa1” rating on Mohegan’s senior secured lien notes.
Portlaoise man s entrenched cannabis addiction in court
Reporter:
);
A Portlaoise man suffering from schizophrenia who started taking cannabis at around the age of 14 has been given a chance to do community service in lieu of going to jail having been convicted of having €100 of the drug for sale or supply.
Keith Foley (25), with an address listed as Borris Little, Portlaoise, was charged at Portlaoise District Court with drug possession, and possession for sale or supply.
Sgt JJ Kirby gave evidence that on March 10 last, the gardaí conducted a search of the accused s residence and found four deal bags of cannabis valued at €100 in the wardrobe, along with deal bags and weighing scales.