Based in the Mashantucket Pequot Tribal Nation within the US state of Connecticut, Foxwoods Resort Casino developed under the laws of the federally-recognized Native American reservation. For years after Foxwoods developed into a casino resort in 1992, it prospered greatly and became one of the largest of its kind. In more recent years, however, other large casinos have begun to open in the American northeast, drawing some of the market away from Foxwoods.
Foxwoods has been seeking expansion opportunities, and believes that Japan could represent one possible outlet. In particular, the Tomakomai site in Hokkaido, with its forested, Ainu-related history, appeals to them as the best match to their own existing facility in Connecticut.
Family Name: Butler
Given Name: Rodney
Role: Chairman and Interim CEO
Profile: Butler joined the Mashantucket Pequot Tribal Council in 2004 and became its chairman in 2010. When Felix Rappaport, president and CEO of Foxwoods, suddenly died in June 2018, Butler was appointed interim CEO of Foxwoods Resort Casino as well.
Monopoly in Malaysia. Monopoly in the five boroughs of New York. Duopoly in Singapore. Oligopoly in Manila. What is there not to like? Sure, Genting has had its fair share of misses, but they are easily forgiven in the light of the big scores on the board.
More than a year after the sudden death of Felix Rappaport, Foxwoods Resort Casino has a new president and chief executive officer—John J. James.
Foxwoods Resort Casino and Mohegan Sun in Connecticut continue to report significantly lower slot machine revenue more than half a year since MGM Springfield opened its doors in neighboring Massachusetts.
Foxwoods Resort Casino in Connecticut recorded an 8% year-on-year drop in revenue to US$35.3 million in November, marking the sixth consecutive month of decline.
MGM Resorts has gone on the offensive against the tribal operators Foxwoods Resort Casino and Mohegan Gaming & Entertainment by directly targeting customers in their home base of Connecticut, upping the ante in fierce competition for market share in the US northeast.
It was fully anticipated that Connecticut-based Foxwoods Resort Casino and Mohegan Gaming & Entertainment would see their revenues suffer with the opening of MGM Springfield in neighboring Massachusetts, but now the first figures are in—both of the Native American tribe-owned casinos witnessed revenue falls of 10% in October.
The 2018 Indian Gaming Industry Report by Meister Economic Consulting finds that the two tribe-owned casino resorts in Connecticut—Foxwoods Resort Casino and Mohegan Gaming & Entertainment—generate a combined US$3.7 billion in economic activity through taxes, job-creation, and other aspects.
Hopes that Wynn Resorts had fully moved on from the Steve Wynn era were dashed last Wednesday when the scandal-plagued former chairman and CEO sued the company that he had co-founded. Steve Wynn also sued the Massachusetts Gaming Commission.
The Mashantucket Pequot Tribal Council—which both governs the tribe and manages Foxwoods Resort Casino in Connecticut—voted on November 5 to retain Rodney Butler as its chairman and to serve a fourth consecutive three-year term.
Moody's Investors Service has put the credit rating of Mohegan Gaming & Entertainment, which is now mulling an IR bid in Tomakomai city and perhaps elsewhere, on review for a downgrade.
Foxwoods Resort Casino, based in the Mashantucket Pequot Tribal Nation within the US state of Connecticut, is among the six international IR operators that are mulling a bid to partner with Tomakomai city, Hokkaido, to build an IR.
In addition to Clairvest and Hard Rock, both Rush Street Gaming and Mohegan are in the process of opening offices in Tomakomai city, Hokkaido, a report in the local newspaper, Tomakomai Minpo, has revealed.
It would appear that the competition to partner with the Tomakomai municipal government has now narrowed down to six serious suitors—Caesars, Hard Rock, Mohegan, Rush Street, Clairvest, and Foxwoods.