 |
Scott Butera will seek partners. |
Around the Region
Foxwoods’ owner appoints new CEO
HARTFORD — The new chief executive of Foxwoods Resort Casino’s parent company said yesterday that he will renegotiate debt and work with new partners as the hotel and casino looks to boost revenue and profit.
Scott Butera, whose appointment as head of Mashantucket Pequot Gaming Enterprises was announced yesterday, said he will look to establish relationships with partners to be more competitive.
“We can work with other partners to bring new life to the property and morph into something more competitive,’’ he said.
Revenue for fiscal 2009-10 fell 8 percent from the previous year, to $652.2 million from $708.6 million. Foxwoods and neighboring Mohegan Sun are seeking ways to draw more customers.
Butera has been president and chief executive of Las Vegas-based Tropicana Entertainment Inc. He succeeds interim president William Sherlock.
© Copyright 2010 Globe Newspaper Company.
