S&P: Mashantucket unchanged

Standard & Poor's said its rating on the Mashantucket Western Pequot Tribe (BB+/negative) is not affected by the news that net slot win in December declined 17% and that John OBrien, president of Foxwoods, has resigned.

The agency said it believes the decline in operating performance is largely due to one-time events relating to challenges associated with the execution of a direct-mail campaign and a lower-than-usual hold percentage.

However, this announcement comes at a time when Foxwoods is undergoing an expansion and pro forma credit measures are somewhat weak for the current rating, S&P added.

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