Legacy Payments Haunt Mohegan Sun’s Balance Sheet

Mohegan Sun, just named by a top industry analyst as the best-run tribal casino, also faces some unique financial pressures amid a brutal downturn, documents show.The Connecticut casino was cited for its management prowess in a recent report by a Wells Fargo Securities which calls Mohegan “the top gaming resort on the East Coast”.  

But the casino giant also faces challenges, chief among them tens of millions in annual payments to its original investors that has put a strain on its bottom line, the Mohegan Tribal Gaming Authority states in a recent filing with federal regulators.

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